Category: ICAI
PRESS RELEASE THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA JOINS CHARTERED ACCOUNTANTS WORLDWIDE GAINING INTERNATIONAL BRAND RECOGNITION The Institute of Chartered Accountants of India (ICAI) has been awarded Associate membership by Chartered Accountants Worldwide. ICAI is the fourth professional body to be admitted to the organisation since it …
CA providing fake accommodation entries banned/removed from practice for life by PH High Court on reference by ICAI holding him guilty of misconduct. Case Law Details: Civil Reference No. 5 of 2012 (O&M) Institute of Chartered Accountants of India (Petitioner) v. Vivek Kapoor and others (Respondents) Date of …
ICAI Disciplinary Action against three Members for Mis-conduct in terms of Section 21B 3 and 21A 3 of the Chartered Accountants Act 1949 THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set by up an Act of Parliament) NOTIFICATION New Delhi, the 6th June, 2016 (CHARTERED ACCOUNTANTS) No. DD/174/10/DC/320/2014.—In …
ICAI income exempt us 11. The institute is an educational institute and its coaching activities falls within the meaning of charitable purpose u/s 2(15). In a yet another case for AY 2010-11, ITAT following previous judgments of ITAT, High Court and Supreme Court has upheld the charitable status …
ICAI-Draft Syllabus Revised Education Training Course Scheme Vide Chartered Accountants (Amendments) Regulations, 2016 ICAI has revised its scheme of education and training for Chartered Accountancy Course. In this direction, ICAI has issued a proposed draft syllabus for its revised educational and training scheme for chartered accountancy exams. The subject/paper …
New-Revised Standards on Auditing-ICAI Revised SA 700, Forming an Opinion and Reporting on Financial Statements.\ New SA 701, Communicating Key Audit Matters in the Independent Auditor’s Report. Revised SA 705, Modifications to the Opinion in the Independent Auditor’s Report. Revised SA 706, Emphasis of Matter Paragraphs and Other …
File Form GNL1 for alteration in MoA of Section 8 Companies. Since this power has been delegated to ROC, professionals/companies should not file form RD-1 ICAI Announcement dated 17/05/2016 Regarding filing Form GNL-1 for change in Memorandum of Association by Section 8 Companies to ROC instead of filing …
Centralised ICAI exam Checkers Empanelment Discontinued ICAI Announcement dated 12/05/2016 Assignments of Checkers The examination process inter alia includes a procedure of having the answer books checked, after evaluation by examiners, by Checkers to ensure that all answers have been evaluated, marks awarded have been carried forward to …
Should there be more than one ICAI Vice President? This is one of the terms of reference of the group constituted by ICAI for review of the existing term of the Council. The announcement of ICAI is as under: Council Affairs/M-626/2016 11th May, 2016 ALL MEMBERS OF THE COUNCIL …
Guidance Note on Accounting for Real Estate Transactions-ICAI ICAI has issued a Guidance Note on Accounting for Real Estate Transactions (for entities to whom Ind AS is applicable). The objective of the guidance note is to recommend the accounting treatment by entities dealing in ‘Real Estate’ as sellers …
