Category Archives: ICAI

ISA Assessment Test (ISA – AT) December 2018

By | November 9, 2018

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA IMPORTANT ANNOUNCEMENT Subject: Information System Audit – Assessment Test (ISA – AT), December 2018 Members are hereby informed that the next Information Systems Audit (ISA) Course Assessment Test which is open to the members of the Institute, will be held on 22 nd December, 2018 (Saturday) from 9.00… Read More »

ICAI Technical Guide on Functioning of Audit Committee & Its Review Checklist :Download

By | October 30, 2018

Technical Guide on the Functioning of Audit Committee & Its Review Checklist The Audit Committee is inter alia responsible for liaison with the management; internal and statutory auditors, reviewing the adequacy of internal controls and compliance with the significant policies, procedures and reporting to the Board on key issues. The idea of having independent directors… Read More »

ICAI Invitation to Empanel as a Resource Person for Specific Booklets on GST on Various Sectors

By | October 26, 2018

Institute of Chartered Accountants of India Invitation to Empanel as a Resource Person to bring out Industry Specific Booklets on GST on Various Sectors – (24-10-2018) Madam/Sir, The Committee for Members in Industry & Business (CMI&B) of ICAI has taken an initiative to bring out industry specific booklets on GST on various sectors i.e. Retail,… Read More »

Person reported for cheating 50 clients of Rs. 7.40 cr is not CA : ICAI

By | October 18, 2018

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) Misc/PRG/LE-6/2018 October 17, 2018 The Editor Hindustan Times, Mumbai 6th /9th Floor, Tower 2, Indiabulls Finance Centre LBS Marg, Senapati Bapat Marg, Prabhadevi Mumbai – 400013 Dear Sir Sub: News Item titled “EOW books Ghatkopar CA for cheating 50 clients of Rs. 7.40cr”… Read More »

Mandatory Usage of UDIN by Chartered Accountants w.e.f. 1st January, 2019 to prevent forgery

By | October 17, 2018

PRESS RELEASE by ICAI on 10.10.2018 Mandatory Usage of UDIN by Chartered Accountants w.e.f. 1st January, 2019 to prevent forgery The Division Bench of Hon’ble Calcutta High Court had passed an order on 21st June, 2018 in the matter of ITAT 22/2015 in respect of Binod Kumar Agarwala vs Commissioner of Income Tax wherein ICAI… Read More »

Mandatory UDIN for Chartered Accountants Certificate w.e.f 01.01.2019

By | September 27, 2018

Mandatory UDIN for Chartered Accountants Certificate w.e.f 01.01.2019 ANNOUNCEMENT by ICAI on 26.09.2018 Unique Document Identification Number (UDIN) It has been noticed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the Authorities and stakeholder. ICAI is also receiving number of complaints of forged signatures. To curb the malpractices,… Read More »

Get CA Firm Registration Number in 24 Hours online : ICAI

By | September 12, 2018

ANNOUNCEMENT GET FIRM REGISTRATION NUMBER (FRN) WITHIN 24 HOURS Professional Development Committee of ICAI is pleased to inform that in order to promote the ‘Ease of Business’ among our members, an online facility has been developed for registration of proprietorship firm by Chartered Accountants within 24 hours. Any member desiring to establish the proprietorship firm… Read More »

ICAI formed group to review evaluation of examination answer books system

By | September 11, 2018

No.M-626/Rev-eva-ans-bk/2018 9th September, 2018 All Members of the Council Madam/Dear Sir, Sub: Group to review the evaluation of examination answer books system The President, in terms of the authority given to him in the 373rd meeting of the Council held on 12th February 2018 has constituted the group consisting of members of the Council to… Read More »

Old Bank Notes disclosure not required in Audit report of FY 2017-18 & onwards

By | September 3, 2018

Regarding Clarification on Applicability of Notifications no. G.S.R. 307(E) and G.S.R. 308(E) dated 30th March 2017 issued by Ministry of Corporate Affairs for the financial year ending on 31st March, 2018 This is regarding the disclosure for the Financial Year 2017-2018 and onwards as per the requirements in the Notification dated 30th March 2017 issued… Read More »

Tax audit under presumptive taxation not included for tax audit assignments: ICAI

By | August 24, 2018

The Institute of Chartered Accountant of India (ICAI) has informed that audits conducted under Section 44AD, 44ADA and 44AE of the Income-tax Act, 1961 shall not be taken into account for the purpose of reckoning the “specified number of tax audit assignments” ANNOUNCEMENT Modification in the Council Guidelines No. 1-CA(7)/02/2008 dated 8 th August, 2008… Read More »

ICAI course on Preparation of Appeals, Drafting of Deed & Documents

By | July 23, 2018

Launching of the Certificate Course on Preparation of Appeals, Drafting of Deed & Documents and Representation before Appellate Authorities and Statutory Bodies: An initiative of the Committee for Capacity Building Members in Practice (CCBMP), ICAI The Committee for Capacity Building of Members in Practice launching the certificate course on Preparation of appeals, Drafting of Deed… Read More »