ICAI found gross negligence by Byju's auditors, recommended punitive actions against it
Posted Date : 15-Mar-2024 , 08:30:40 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has found gross negligence by edtech firm Byju's auditors, ICAI president Ranjeet Kumar Agarwal said on Wednesday.
"Our inspection has found gross negligence on accounting practices by individual auditors of Byju's an...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 634
|
 |
ED Conducts Raid at AAP MP and Past President of ICAI ND Gupta’s Residence
Posted Date : 06-Feb-2024 , 01:18:52 pm | Posted By CASANSAAR
The Enforcement Directorate (ED) raided premises linked to Delhi Chief Minister Arvind Kejriwal’s personal secretary Bibhav Kumar, and Aam Aadmi Party (AAP) Rajya Sabha MP, Past President of ICAI Sh.ND Gupta in connection with a money laundering probe related to the Jal Board case.
The cent...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2231
|
|
CA firms classified as professional, not eligible for ESI benefits - Gujarat HC
Posted Date : 31-Oct-2023 , 07:28:54 am | Posted By CASANSAAR
A bench of justice Bharav D Karia had observed that the activity of a CA includes that of accounting, auditing, refereeing, receivers, arbitrators and special commissioners as prescribed by the ICAI to be carried out on-premises and at places of managing partner may determine
The Gujarat high cou...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 699
|
|
Notice to Kumar Vishwas by a CA for his Derogatory Remarks against Professionals
Posted Date : 20-Jul-2023 , 07:30:34 am | Posted By CASANSAAR
Notice Sent to Kumar Vishwas by Advocate (CA) Dr. Suneel Maggo for his Derogatory Remarks against Professionals (Chartered Accountants and Company Secretaries).
We had discussed the matter with Advocate Suneel Maggo and the same has been uploaded on the youtube but on the pressure of Kumar Vishwa...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 3408
|
|
Restricting revocation of the UDINs within 48 hours - ICAI
Posted Date : 23-Jun-2023 , 08:17:37 pm | Posted By CASANSAAR
The Council, in its 420th meeting held on 23rd-24th March, 2023, decided that revocation of UDINs would now be possible within 48 hours from the time of its generation. This means that now onwards, the members will be able to revoke the UDINs, if they so desire, only within 48 hours from the time th...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 381
|
|
ICAI and Public Sector Banks to set up common platform for balance confirmations
Posted Date : 07-Jun-2023 , 07:01:50 am | Posted By CASANSAAR
Statutory auditors may have cause for cheer as a new mechanism in the form of a common balance confirmation portal is now being put in place to provide “external confirmation of balances” for aiding the audit of financial statements.
Over the years, auditors have been using &ldq...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1870
|
|
Union Cabinet Approves MoU between ICAI and CA Maldives
Posted Date : 18-May-2023 , 08:14:23 am | Posted By CASANSAAR
The Union Cabinet, chaired by the Hon'ble Prime Minister Shri Narendra Modi, approved the signing of Memorandum of Understanding between Institute of Chartered Accountants of India (ICAI) and The Chartered Accountants of the Maldives (CA Maldives).
Details:
ICAI and CA Maldives ai...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 943
|
|
IBBI warns Registered Valuer for Cautious and Transparent while conducting Valuation
Posted Date : 02-Mar-2023 , 07:35:36 am | Posted By CASANSAAR
This Order disposes the Show Cause Notice (SCN) No. RV-13012/1/2022-IBBI/283/4233, dated 04.11.2022 issued to Ms. Gunjan Agarwal under rule 17 read with 15 of Companies (Registered Valuers and Valuation) Rules, 2017 (Valuation Rules). The Insolvency and Bankruptcy Board of India (IBBI/Board) has bee...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1070
|
|
IBBI Suspends the Registration of Registered Valuer for a period of six months
Posted Date : 02-Mar-2023 , 07:28:55 am | Posted By CASANSAAR
This Order disposes the Show Cause Notice (SCN) No. RV-13012/1/2022-IBBI/284/4234, dated 04.11.2022 issued to Mr. Sandeep Kumar Agarwal under rule 17 read with 15 of Companies (Registered Valuers and Valuation) Rules, 2017 (Valuation Rules). The Insolvency and Bankruptcy Board of India (IBBI/Board) ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 876
|
|
CAs who lives in Singapore for 6 Months can become Member of Singapore Institute without Exam
Posted Date : 21-Feb-2023 , 09:30:08 pm | Posted By CASANSAAR
ICAI President CA. Aniket Sunil Talati has announced that the Chartered Accountants from India who lives in Singapore for more than 6 months can automatically acquire the membership of the Singapore Institute without an exam. CA. Aniket Sunil Talati was delivering a speech in Kolkata.
CLICK ON TH...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 865
|
|
Newly Elected President and Vice President of ICAI
Posted Date : 12-Feb-2023 , 05:13:59 pm | Posted By CASANSAAR
ICAI elects New Torchbearers for the year 2023-24.
The Council of the Institute of Chartered Accountants of India (ICAI) today elected its new President & Vice-President for the term 2023-24.
CA. Aniket Sunil Talati has been elected as the President and CA. Ranjeet Kumar Agarwal has been e...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 643
|
|
Finance Minister discusses Fraud GST Refunds with Chartered Accountants delegation
Posted Date : 24-May-2022 , 09:00:13 am | Posted By CASANSAAR
Amid some chartered accountants coming under the scanner for alleged fraudulent GST refunds, Finance Minister Nirmala Sitharaman held discussions with a delegation of chartered accountants' apex body Institute of Chartered Accountants of India (ICAI) on "various issues...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 776
|
|
ICAI members lock central GST office in Gurugram over arrest of 2 CAs
Posted Date : 21-May-2022 , 09:08:57 am | Posted By CASANSAAR
The Central GST office here was locked for several hours by chartered accountants on Thursday night as a protest against the arrest of two fellow CAs over an alleged Rs 15-crore GST refund scam. On Friday, the police said the protest by the CAs is still continuing but the GST o...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 626
|
|
Information System Audit - Assessment Test (ISA - AT), July 2022
Posted Date : 18-May-2022 , 07:24:32 am | Posted By CASANSAAR
Members are hereby informed that the next Information Systems Audit (ISA) Course Assessment Test (Old as well as New Syllabus) which is open to the members of the Institute will be held on 9th July 2022 (Saturday) from 9 AM to 1 PM (IST) at the following cities provided that sufficient number of can...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 516
|
|
ICAI issues guidance to auditors on funding disclosure norms
Posted Date : 27-Apr-2022 , 09:12:24 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) has issued a detailed set of instructions to auditors to ensure that the financial statements of companies they audit comply with the government’s new investment reporting requirements.
The guidance note issued by the self-regulator o...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 5251
|
|
100 CA and CS under Govt scanner for misconduct
Posted Date : 22-Apr-2022 , 09:08:59 am | Posted By CASANSAAR
The government has initiated action against at least 100 chartered accountants and company secretaries for professional misconduct and unlawful activities -- mostly their association with Chinese companies -- and directed the Registrar of Companies (ROC) to submit an action taken report , two people...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 11308
|
|
Deferment of certain provisions of Volume-I of Revised Code of Ethics, 2019 - ICAI
Posted Date : 01-Apr-2022 , 10:09:54 am | Posted By CASANSAAR
Ethical Standards Board
The Institute of Chartered Accountants of India
31st March, 2022
ANNOUNCEMENT
Sub.: Deferment of certain provisions of Volume-I of Revised Code of Ethics, 2019
As the members are aware, the revised 12th edition of Code of Ethics has come into effect from ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1650
|
|
Lok Sabha passes Chartered Accountants, the Cost and Works Accountants, Company Secretaries (Amendment) Bill 2021
Posted Date : 30-Mar-2022 , 07:09:17 pm | Posted By CASANSAAR
Lok Sabha today passed the Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill 2021. Speaking on the Bill, Finance Minister Nirmala Sitharaman today asserted that there is no proposal or intention to infringe upon the autonomy of these three institution...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 633
|
|
Lok Sabha discusses Bill to amend CA, CS, CMA Act
Posted Date : 30-Mar-2022 , 08:26:08 am | Posted By CASANSAAR
The Lok Sabha has taken up the Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021 for consideration and passing. The Bill seeks to amend the Chartered Accountants Act, 1949, the Cost and Works Accountants Act, 1959, and the Company Secretaries Ac...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 736
|
|
CVC recommends Special CAG audit of ICAI’s books.
Posted Date : 12-Mar-2022 , 09:50:13 am | Posted By CASANSAAR
The Central Vigilance Commission (CVC) has recommended a special audit into the accounts of the Institute of Chartered Accountants of India (ICAI) by the national auditor, the Comptroller and Auditor General (CAG).
It has also asked for greater disclosures and transparency in the functioning ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 11268
|
|
Clarification with regard to CA /CA Firms regarding registration on GeM Portal
Posted Date : 05-Mar-2022 , 09:00:51 am | Posted By CASANSAAR
As the members are aware, Government of India has mandated procurement of goods and services by Government Department/organisations through GeM (Government e- marketplace) portal.
The Institute has been receiving queries as to whether Chartered Accountants in Practice/Firms of Chartered Accou...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1070
|
|
Extension of last date for complying with the mandatory CPE hours’ requirements for the Calendar Year 2021 - ICAI
Posted Date : 17-Jan-2022 , 10:00:36 am | Posted By CASANSAAR
In view of impact of Covid-19 across the world and the difficulties faced by Members for completing their mandatory CPE hours’ requirements during the Calendar year 2021, it has been decided by the Competent Authority to extend the last date for complying with the CPE hours’ requirements...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 970
|
|
Extension of Last Date for payment of Membership /COP fee For the year 2021-22 to 31st Dec, 2021 - ICAI
Posted Date : 01-Oct-2021 , 07:53:48 am | Posted By CASANSAAR
M&SS Directorate
The Institute of Chartered Accountants of India
30th September, 2021
Important Announcement
Sub: Extension of Last Date for payment of Membership /COP fee For the year 2021-22 to 31st December, 2021.
The Council of ICAI has suo moto decided to extend the...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1141
|
|
Aligning the Time Limit of Generating UDIN from 15 days to 60 days - ICAI
Posted Date : 18-Sep-2021 , 07:55:09 am | Posted By CASANSAAR
UDIN Directorate
The Institute of Chartered Accountants of India
17th September, 2021
ALIGNING THE TIME LIMIT OF GENERATING UDIN FROM 15 DAYS TO 60 DAYS
Standard on Quality Control (SQC 1) on Retention Period for Engagement Documentation (Working Papers) requires firms to establish policies ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1070
|
|
CA Vivek Khurana filed Nomination for Central Council Election of ICAI
Posted Date : 16-Sep-2021 , 09:11:22 am | Posted By CASANSAAR
CA Vivek Khurana has filed nomination papers for the Central Council Elections (Northern Region) of ICAI 2021.
CA Vivek Khurana, Founder of casansaar.com, a renowned website is a practicing Chartered Accountant and fellow member of ICAI and Partner of a Chartered Accountants firm i...
Continue Reading...
Category :
ICAI |
Comments :
1 | Hits : 1324
|
|
ICAI Election 2021 - Know Your Pooling Booth Details
Posted Date : 02-Sep-2021 , 10:44:54 am | Posted By CASANSAAR
ICAI Election 2021 Updates :-
Know your polling booth details for ICAI Elections to be held on 3rd and 4th December 2021
https://appforms.icai.org/elections/knowyourbooth2021.html...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1660
|
|
Happy Chartered Accountants Day (01 July 1949 History of the Institute of Chartered Accountants of India)
Posted Date : 01-Jul-2021 , 09:18:39 am | Posted By CASANSAAR
1st JULY 1949 HISTORY OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
The Companies Act, 1913 passed in pre-independent India prescribed the appointment of a formal Auditor with prescribed qualifications to audit such records. In order to act as an auditor a person had to acquire a r...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 1947
|
|
Delhi Police Arrests 11 (2 CAs) In Rs.150 Cr Mobile App Fraud Case
Posted Date : 10-Jun-2021 , 09:05:58 am | Posted By CASANSAAR
The Delhi Police's Cyber Cell has arrested 11 men, including two charted accountants (CAs), for allegedly cheating more than five lakh people of over ₹ 150 crore in two months on the pretext of providing lucrative returns on two mobile applications, police said on Wednesday.
A total of ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 4575
|
|
High Court levies cost of Rs. 20,000 on ICAI for withholding result of a CA Student
Posted Date : 19-May-2021 , 08:29:36 am | Posted By CASANSAAR
ICAI lost case against the student & the court awarded legal costs to be paid to the petitioner.
ICAI faces humiliation in Court for withholding result of a CA student sighting Derogatory remarks in social media.
Fine of Rs 20k on ICAI for withholding result of a CA Student & adv...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 859
|
|
Cabinet approves MoU between ICAI and CA-ANZ
Posted Date : 20-Apr-2021 , 06:46:39 pm | Posted By CASANSAAR
The Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved a fresh Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and Chartered Accountants Australia and New Zealand (CA ANZ).
Impact:
The MRA intends to develop mutually beneficial ...
Continue Reading...
Category :
ICAI |
Comments :
0 | Hits : 2473
|
|
|
