Category: ICAI
Extension of last date for updation of Member’s Profile with GSTIN at ICAI Self Service Portal – Till 23rd April, 2023 ICAI vide Announcement dated 1st April, 2023 provided for updation of Member’s Profile at Self Service Portal with GSTIN of CA Firm/LLP, in which such member is …
ICAI CPE Hours requirements to be Calendar year wise from 2023 onwards Granting of 4 Structured CPE hours in online mode through Digital Learning Hub and compliance of CPE Hours requirements Calendar year wise from calendar year 2023 onwards As per ICAI Announcement, ICAI has made some important …
Acceptance of certain assignments by the Concurrent Auditor of Bank Branches – ICAI clarification ICAI has issued an advisory on the issue of acceptance of certain assignments by the Concurrent Auditor of Bank Branches. ICAI has issued its members to take note of the FAQs relating to professional …
Restraint order against Institute of Cost Accountants of India ICAI Announcement In a civil suit filed by the Institute of Chartered Accountants of India (ICAI) for the infringement of its Trademark ‘ICAI’, the Hon’ble High Court of Delhi vide judgment dated 21.03.2023 has restrained the Institute of Cost …
ICAI bars seven Chartered Accountants on the charges of Professional Misconduct Particulars Punishment Notification CA. Girish Bherumal Gundesha (Membership No. 042885), 202, Khopkar Heights, Opposite YMCA Club, 383, New Rasta Peth, PUNE -411011 Name removed from the Register of Members for a period of 03 months with effect …
ICAI has issued an Implementation Guide to Standard on Auditing (SA) 580 – Written Representations. The Implementation Guide provide practical guidance on implementation of the Standard on Auditing (SA) 580 “Written Representations”. The Standard is effective for audits of financial statements for periods beginning on or after April …
ICAI issues Social Audit Standard (SAS) 100 – Eradicating hunger, poverty, malnutrition and inequality This Social Audit Standard issued by ICAI relates to the thematic area of “eradicating hunger, poverty, malnutrition and inequality’’. The Standard aims to provide the Social Auditor with the necessary guidance in relation to …
ICAI revised 2022 edition of Implementation Guide and FAQ to SA 230- Audit Documentation The Auditing and Assurance Standards Board of ICAI has issued revised 2022 edition of Implementation Guide to Standard on Auditing (SA) 230 Audit Documentation. brought out the revised edition of the Implementation Guide to …
ICAI has banned/suspended 12 Chartered Accountants (CAs) on being found guilty of Professional Misconduct. CAs found guilty have been punished by removal of their names for specified period and/or financial penalty as under: Particulars Punishment given CA. Navinchandra Virji Gada (Membership No. 123936), Mumbai Name removed from …
Mandatory evaluation of the Audit Quality Maturity of the firms using Revised Audit Quality Maturity Model (AQMM Rev v1.0) – ICAI Announcement According to latest ICAI Announcement, w.e.f. 1st of APRIL 2023, the firms auditing the following types of entities shall be mandatorily required to undertake an evaluation …