Category: ICAI
ICAI competent to impose restriction on number of tax audits u/s 44AB per year – Supreme Court settles the pending controversy. In a recent judgment, the Hon’ble Supreme Court has upheld the competence of ICAI to impose a restriction on the maximum number of tax audits that could …
ICAI to debar student taking mobile phones inside the examination hall for 5 years As per ICAI Announcement, it has decided to debar student taking mobile phones inside the examination hall for 5 years As per the policy of Examination Department of the Institute of Chartered Accountants of …
ICAI set up branch in Tonk District (Rajasthan) with effect from April 25, 2024. The Institute of Chartered Accountants of India (ICAI) has set up a Branch of Central India Regional Council (CIRC) in Tonk District (Rajasthan) with effect from April 25, 2024. The Branch shall be known …
ICAI Guidance on Non-Compliances Observed by Quality Review Board During Quality Reviews ICAI has issued a Guidance on Non-Compliances Observed by Quality Review Board During Quality Reviews. The said Guidance note in in Two Volumes. The publication is a compilation of some common non-compliances observed by Quality Review …
ICAI Intermediate & Foundation Examinations to be held thrice in a year from May/June 2024 ICAI, has decided that from May/June 2024 onwards, Intermediate & Foundation course Examinations will be held thrice in a year in the month of May/June, September and January from the existing practice of …
ICAI has banned Twelve Chartered Accountants being found of guilty of professional misconduct The Board of Discipline of ICAI has found seven CAs as guilty of professional misconduct under the provisions of Chartered Accountants Act, 1949 read with Chartered Accountants Regulations, 1988 . As per notification issued in …
Extension of applicability of Peer Review Mandate for CA Firms covered under Phase II & III. Revised Applicability of ICAI Peer Review Mandate According to FAQ on Peer Review Board issued by ICAI the term “peer” means a person of similar standing. The term “review” means a general …
ICAI revised Implementation Guide on reporting Audit Trail ICAI has issued an Implementation Guide on reporting Audit Trail under Rule 11(g) of the Companies (Audit & Auditors) Rules 2014 Revised Edition 2024 The Ministry of Corporate Affairs vide notification dated March 24, 2021 issued the Companies (Audit and …
ICAI issues revised SA 800 (Revised), SA 805 (Revised), SA 810 (Revised) Standards on Auditing prescribe the detailed auditing framework for conducting audits of financial statements of various entities. These Standards contain various audit requirements and related application guidance to explain these requirements. Auditors need to comply with …
Issuance of CPE Statement, 2023: Guidelines on Continuing Professional Education for undergoing CPE Activities by Members of ICAI The Continuing Professional Education Committee (CPEC) a non-standing committee of the Council of the ICAI is entrusted with the task of setting strategic directions and overseeing CPE activities of Programme …
