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 the cover page of the answer books and that the totalling of marks is correct.
ICAI had a centralized system of empanelling checkers before each exam, assigning them duties and paying them directly, until recently.
While the process of checking shall continue, it has been decided to discontinue the practice of centralised empanelment of checkers, appointment, allotment of assignments and direct payments by the Institute. It has further been decided that henceforth, examiners shall appoint Checkers and have the answer books checked, pay them honorarium and claim the same in their bill.
The abovementioned arrangement comes into effect from May 2016 examinations onwards.
ICAI Examination
After holding that the cash receipts and cash payments are unexplained, ad-hoc estimation of income can not be adopted –…
Dividing total turnover by 365 days and concluding that assessee could not have made such cash sale on a single…
NERIST Arunachal Pradesh invites EoI for Empanelment of Chartered Accountant firm North Eastern Regional Institute of Science and Technology, (NERIST)…
Sibsagar University invites Expression of Interest (EOI) for Appointment of Internal Auditor Sibsagar University invites Expression of Interest (EOI) from reputed…
In a recent judgment Andhra Pradesh High Court struck down Section 147A of the Income Tax Act, 1961 as unconstitutional.…
Bank was liable to pay compensation to borrower as it did not verify the progress of construction before loan disbursals…