Category: ICAI

Chartered Accountant held guilty of misconduct not detecting fraud in bank concurrent audit with penalty of severe reprimand – Delhi High Court

CA held guilty of misconduct not detecting fraud in bank concurrent audit, served with penalty of severe reprimand – Delhi High Court ABCAUS Case Law Citation: 983 2016 (08) HC Date/Month of Judgment: August 2016 The indictment: It was alleged by the bank that the respondents chartered accountant had …

Group for looking into the appointments reappointments of statutory internal auditors of various units of ICAI for the year 2016-17

ICAI has formed a group for looking into the matter of appointments/reappointments of statutory/internal auditors of various units/branches of ICAI for the year 2016-17.  Till now there does not seems to be any guidelines for appointment of auditors of ICAI decentralised offices including branches. With increased cashflow at branches …

ICAI Background Material on Model GST Law download. Clause by clause analysis along with comparisons of existing law, FAQ MCQs, Flowcharts and Illustration

Background Material on Model GST Law Dear Professional Colleague, Greetings from Indirect Taxes Committee! The recent developments with respect to Goods & Services Tax (GST) has considerably raised hopes of its implementation in India by April 2017. The Constitution amendment bill for framing the law for setting up …

Coaching classes advertisements not misconduct when CA abstained from practice area of chartered accountancy-Delhi High Court

Coaching classes advertisements not misconduct when CA voluntarily abstained from practice area of chartered accountancy-Delhi High Court ABCAUS Case Law Citation: 978 2016 (07) HC Date/Month of Judgment : July 2016 Brief Facts of the Case: The respondent chartered accountantin this case had been held guilty of “other misconduct” within …

ICAI-Inviting views/suggestions/recommendations on the feasibility of having a new financial year as per finance ministry initiative

Dear Professional Colleagues, Sub: Inviting views/suggestions/recommendations on the feasibility of having ‘a new financial year’. This is to inform your goodselves that the Government of India has constituted a Committee to examine the desirability and feasibility of having ‘a new financial year’. The Committee headed by Dr. Shankar Acharya …

ICAI-Discontinue receiving hard copy of Journal. Go Green Initiative in view of e-Journal available in PDF and user-friendly e-magazine formats

ICAI-Discontinue receiving hard copy of Journal. Go Green Initiative in view of e-Journal available in PDF and user-friendly e-magazine formats In accordance with the ICAI’s GO-GREEN agenda, let us decide to discontinue receiving the hard copy of The Chartered Accountant journal, since e-Journal is available in PDF and user-friendly …

ICAI Campus Placement Programme August-September 2016 for Newly Qualified Chartered Accountants. Last Date for 1st round of registration 02-08-2016

ICAI Campus Placement Programme August-September, 2016 Announcement for Campus Placement Programme for Newly Qualified Chartered Accountants  August-September, 2016 The Committee for Professional Accountants in Business & Industry (CPABI) of The Institute of Chartered Accountants of India (ICAI) takes care of the interest of the members who are in …