Category: ICAI
ICAI Revised Guidance Note-Special Purposes Audit Reports and Certificates. CA can provide reasonable or limited level of assurance. Auditing and Assurance Standards Board of ICAI has released the revised Guidance Note on Audit Reports and Certificates for Special Purposes. Chartered Accountants are often required to issue specific reports/certificates required under various laws …
Amendments to Accounting Standards by ICAI Amendment to AS 2, 4, 6, 10, 13, 14, 21 and 29 issued by ICAI pursuant to issuance of amendments to Accounting Standards by the MCA-ICAI Announcement Amendment to AS 2, 4, 6, 10, 13, 14, 21 and 29 issued by the Institute …
Disciplinary proceedings against managing committee of ICAI Chandigarh Branch stayed by P&H High Court in a case of democratic selection of branch chairman. This indeed puts a question mark on the endeavour of ICAI in upholding the democratic principles enshrined in the Chartered Accountants Act, 1949 and rules governing it. …
ICAI Helpdesk for Implementation of Ind AS Announcement With the beginning of financial year 2016-17, the era of implementation of Ind AS has begun in India. In this regard, a number of issues are constantly being faced by the Small and Medium Practitioners (SMPs) and companies in the …
Capitaline TP discounted corporate database for Chartered Accountants and CA firms. ICAI arrangement with C-MOTS Internet Technologies Pvt Limited. ICAI Announcement As an ongoing attempt to facilitate the members practising in the field of International Taxation, the Committee on International Taxation of ICAI has entered into an arrangement …
ICAI PAN Details updation link to avoid deactivation of income tax efiling account login by Income Tax Department for name and DOB mismatch It is learnt that Income Tax Department is following up with chartered accountants who are required to be registered with income tax e-filing website for …
Disciplinary action against CA giving forged service tax challan to client by diverting cheques received from client for deposit of service tax with the hep and connivance of bank staff. Proceedings remanded back to ICAI by the High Court. ABCAUS Case Law Citation: 998 2016 (08) HC Date/Month …
Audit without written NOC from previous auditor-reprimand converted in to caution by High Court as the chartered accountant (CA) was only fresher into practice, the omission was procedural and trivial and no moral turpitude involved. ABCAUS Case Law Citation: 997 2016 (08) HC Date/Month of Judgment: August, 2016 Brief Facts …
CA who threatens client guilty of misconduct because such act is not expected by members of a civil society being a Chartered Accountant – High Court ABCAUS Case Law Citation: 995 2016 (08) HC Brief Facts of the Case: A complaint was made to ICAI against a Chartered …
CA not guilty of misconduct when acting in individual capacity and the dealings were purely commercial not discharging any function as Chartered Accountant – High Court ABCAUS Case Law Citation: ABCAUS 994 2016 (08) HC Brief Facts of the Case: The complainant ahd purchased 100 shares of Aban Lyod …
