Category: ICAI
Despite NFRA inherent regulatory role of ICAI shall continue, ICAI have representation on the NFRA Board. -ICAI President In his latest presidential message dated 28-03-2018, CA Naveen N. D. Gupta has assured members that inherent regulatory role of ICAI as provided for in the Chartered Accountants Act, 1949 shall …
Financle e-learning kit for bank audits-ICAI ties up with Infosys The Institute of Chartered Accountants of India (ICAI) is aiming in setting up a benchmark for the statutory audit of the Banks for the year 2017-18 by utilising the Finacle expertise of Infosys, which have committed to provide a …
ICAI jurisdiction in disciplinary proceedings is confined to Show-Cause Notice. It can not ask response on applicability of Income Tax Act, FEMA, Benami Act, Prevention of Money Laundering Act, etc. ABCAUS Case Law Citation: ABCAUS 2254 (2018) (03) HC The Serious Fraud Investigation Office (SFIO) lodged a complaint …
ICAI to take stringent action against use of unfair means in exams-Advisory to students ICAI has warned about the use unfair means in CA Examinations. While admitting that cases of adoption/attempt to adopt unfair means are reported every year in respect of the prestigious CA examinations, ICAI disclosed …
Government Nomination on the Bench II and Bench III of the Disciplinary Committee The Ministry of Corporate Affairs has nominated the following persons on the Bench – II and Bench III of the ICAI Disciplinary Committees under the provisions of Section 21B of the Chartered Accountants Act, …
ICAI Financial assistance to poor meritorious CA students from CASBF to pursue the Chartered Accountancy course for one year. As per ICAI latest announcement, the Board of Trustees of the Chartered Accountants’ Students Benevolent Fund (CASBF) has decided to provide financial assistance of Rs. 1500/- p.m, for articled …
ICAI Guidance Note on Audit of Banks-2018 Edition The Auditing and Assurance Standards Board (AASB) of the ICAI has issued the Guidance Note on Audit of Banks 2018 edition. The Guidance Note on Audit of Banks which is issued by the AASB of ICAI every year is an …
Allocation of Work among Joint Auditors in Bank Audits-ICAI Advisory In view of the ensuing audit of the banks for the Financial Year 2017-18, the Institute of Chartered Accountants of India (ICAI) has issued an advisory for its chartered accountant members regarding allocation of Work among the Joint Auditors …
ICAI bans Delhi based CA for 1 year for misconduct of connivance in anti-dated stock invests & irregular share allotment which was upheld by the Delhi High Court The ICAI has notified the removal of the CA found guilty of other misconduct from the Register of Members for a period …
ICAI bans Ahmedabad based CA for 2 years for misconduct of gross negligence in performing his professional duties which was upheld by the Gujarat High Court The ICAI has notified the removal of the CA found guilty of misconduct from the Register of Members for a period of …
