ICAI

Income-tax: Form 3CEB offline utility is now available for filing on portal; Know latest Update

04-Oct-2022 Form 3CEB offline utility is now available for filing on portal. 03-Oct-2022 Time for updating UDINs for forms filed in the assessment year 2021-2022 is available till 30th November, 2022. 01-Oct-2022 e-Pay Tax service is now enabled for Karur Vysya Bank with Over the Counter and Net Banking options. 01-Oct-2022 Form 3CF is available …

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Audit quality maturity test, ‘a must’ from April 1; to cover nearly 2,000 CA firms

The CA Institute has made it mandatory for certain audit firms to self-assess their ‘audit quality maturity’ from April 1, 2023, its President Debashis Mitra has said. What started as a voluntary initiative last year has now been turned into a mandatory exercise by the CA Institute, the world’s second largest accounting body, from this …

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ICAI Presents CA Business Leaders 40 under 40 In association with CNBC-TV18

If your actions inspire others to dream more, learn more, do more and become more, you are a leader – John Quincy Adams Chartered Accountants are one of the important pillars of the economy. Since the profession’s inception in 1949, Chartered Accountants have been diligently contributing towards strengthening and enriching our economy. The prestigious Institute …

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ICAI- Exposure Draft of AS 113, Fair Value Measurement

The Indian Accounting Standards (Ind AS), as notified by the Ministry of Corporate Affairs in February 2015, and as amended from time to time are applicable to the specified class of companies as per Ind AS Roadmap. Accounting Standards notified under Companies (Accounting Standards) Rules, 2021 and those issued by the ICAI are applicable to …

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Withdrawal functionality of 15CB forms at e-filing portal

UDIN DirectorateThe Institute of Chartered Accountants of India10th September, 2022 Withdrawal functionality of 15CB forms at e-filing portal A large extent of pendency for updation of 15 CB forms at e-filing portal may be attributed to the non-availability of any options for their withdrawal from the portal. However, such withdrawal facility has now been enabled …

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Results of the ICAI Chartered Accountants Final Examination held in May 2022 have been declared

Results of the ICAI Chartered Accountants Final Examination held in May 2022 have been declared.To check results please visithttps://t.co/A1v3YCy9DO The Institute of Chartered Accountants of IndiaExamination ResultsCHECK RESULTSFinal : May 2022Announced on 15th July 2022CHECK MERIT LISTFinal : May 2022Announced on 15th July 2022 Direct Link check results

Top audit bodies end discord over small businesses

Two of India’s top audit regulators have buried their differences over a proposal to relax the statutory audit requirement of small businesses, following a change of guard at the helm of both institutions. Last September, the Institute of Chartered Accountants of India (ICAI) opposed a consultation paper from the National Financial Reporting Authority (NFRA) proposing …

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Invitation for Expression of Interest – suggestions on reducing carbon footprints

ICAI Announcement- Invitation for Expression of Interest – suggestions on reducing carbon footprints

Invitation for Expression of Interest – suggestions on reducing carbon footprints The Institute of Chartered Accountants of India (ICAI) is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in public interest. As one of the steps towards partnering in nation building, ICAI …

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ICAI CA Foundation Admit Card 2022 Released

The Institute of Chartered Accountants of India (ICAI) released the admit card for the CA Foundation exam for the June session. The candidates can download the CA Foundation exam 2022 admit card on the official website- icaiexam.icai.org . CA Foundation June exam will be conducted from June 24 to 30, 2022. ICAI conducted the CA Foundation exam 2022 in …

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ICAI: Draft Of Regulations Further To Amend Chartered Accountants Regulations 1988

On 2nd June 2022, the ICAI has notified Chartered Accountants  (2nd Amendment) Regulations, 2022. These contains draft of certain regulations further to amend the Chartered Accountants Regulations, 1988 30 days time limit to send any objection or suggestion in respect of the said draft regulations. To Download the Regulation in PDF, Please Click Here

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Breaking: Government Suspends Two GST Officials For Illegal Detention Of Chartered Accountants

On 23rd May 2022, Union Minister Smt. Nirmala Sitharaman held a meeting with ICAI delegation in Gurugram GST refund case. CBIC has tweeted the updates of meeting as under: Smt @nsitharaman held a meeting with @theicai delegation, led by VP Shri Aniket Sunil Talati. The MoF had invited the ICAI on Saturday to discuss various …

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ICAI Webinar On Issues Related To UDIN Validation At E-filing Portal

Live Webcast on “Issues related to UDIN Validation at e-filing Portal” 12th May, 2022 (Thursday) (04:00 PM to 05:00 PM) Speaker Details Welcome Address by CA Prasanna Kumar D, Convenor UDIN Directorate Address by the CA. Aniket Talati, Vice-President, ICAI Discussion & Query Resolution on issues related to UDIN Validation at e-filing Portal Key Speakers- …

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ICAI CA Admit Card 2022: Hall tickets for inter, final May exams released; here’s how to download

Institute of Chartered Accountants of India, ICAI CA Admit Card 2022 released. CA Intermediate, Final admit cards for the upcoming May exams can now be downloaded. Candidates can download them and get more details on the official website – icai.org. Steps and direct link have been shared below. Candidates would need their Login Id and Password to download the CA …

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ICAI Gives Advice To Update UDIN At Income Tax E-filing Portal

UDIN Directorate The Institute of Chartered Accountants of India 28th April 2022 Updation of UDINs at e-filing Portal Presently, various instances of invalidation of UDINs at the e-filing portal of Income Tax Dept. are being reported. The members are advised to try again to update those UDINs which have been invalidated earlier at the e-filing …

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Guidance Note on the Companies (Auditor’s Report) Order, 2020

ICAI Issues Guidance Note on the Companies (Auditor’s Report)

Guidance Note on the Companies (Auditor’s Report) Order, 2020 The Ministry of Corporate Affairs (MCA) issued the Companies (Auditor’s Report) Order, 2020 (CARO 2020) in February 2020. CARO 2020 contains many new reporting requirements for auditors such as revaluation of property, plant and equipment (including right of use assets) or intangible assets, benami property, working …

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ICAI CA Admit Card 2022: Hall tickets for inter, final May exams released; here's how to download

ICAI Expert Panel for Addressing queries related to Statutory Audit pertaining to Auditing Aspects

The Institute of Chartered Accountants of India (ICAI) being the world’s second largest accounting body and regulator of accountancy profession in India has always partnered in Nation Building and provided service to Indian economy in public interest. With the rapidly evolving business environment, introduction of new age companies, start-ups, increased number of companies going public …

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UDIN Update: Additional Information To Be Provided While Generating UDIN For Statutory Audit Report Of Bank Branches

This is to inform that the members are now required to fill the value of the MOC while generating UDIN for the Audit Report for Statutory Audit of Bank Branch under the category Audit & Assurance Functions for Statutory Audit-Bank Branch at the UDIN portal without any disclosure of the details of the client. The …

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ICAI Invitation for Expression of Interest for Empanelment as Subject Matter Expert in the Statutory Audit of Entities pertaining to Auditing Aspects

The Institute of Chartered Accountants of India (ICAI) being the world’s second largest accounting body and regulator of accountancy profession in India has always partnered in Nation Building and provided service to Indian economy in public interest. With the rapidly changing economy, introduction of new age companies, start-ups, increased number of companies going public and …

ICAI Invitation for Expression of Interest for Empanelment as Subject Matter Expert in the Statutory Audit of Entities pertaining to Auditing Aspects Read More »

ICAI Research Project Scheme 2022 – An Initiative By The Research Committee

ICAI has launched ICAI Research Project Scheme 2022. ICAI said that: Recognising the paramount importance of research, the ICAI is happy to announce Research Project Scheme 2022 to encourage researchers keen to undertake research projects on contemporary topics and to further enhance studies in the field of accounting and allied domains. We are confident that …

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ICAI Doctoral Scholarship Scheme 2022 – An Initiative By The Research Committee

ICAI has launched ICAI Doctoral Scholarship Scheme 2022. ICAI said that: We are happy to share that the Institute through its Research Committee is announcing the ICAI Doctoral Scholarship Scheme 2022 for the members who wish to pursue Ph.D. The scheme is aimed at encouraging larger number of Chartered Accountants to enroll in the scheme. …

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ICAI: Revision in Peer Review Mandate

The Council at its 407thMeeting held from 7th– 9thJanuary 2022 decided to mandate the Peer Review process for coverage of more firms under Peer Review process. An Announcement dated 12.02.2022 in this regard was hosted on the website at https://www.icai.org/post/peer-review-mandate-roll-out Certain aspects required revision to bring in more clarity e.g. the time limit for compliance of …

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ICAI Issues Guidance Note On Companies (Auditor’s  Report) Order,  2020

ICAI Issues Guidance Note On Companies (Auditor’s Report) Order, 2020

ICAI’s Guidance Note on the Companies (Auditor’s Report) Order, 2020 The Ministry of Corporate Affairs (MCA) issued the Companies (Auditor’s Report) Order, 2020 (CARO 2020) in February 2020. CARO 2020 contains many new reporting requirements for auditors such as revaluation of property, plant and equipment (including right of use assets) or intangible assets, benami property, …

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Big Breaking: CA/ CS/ CWA (Amendment) Bill 2021 Passed in Lok Sabha

Big Breaking: CA/ CS/ CWA (Amendment) Bill 2021 Passed in Lok Sabha

The official twitter handle of Lok Sabha has tweeted on 30th March 2022 that: ‘The Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021.’ passed in #LokSabha @loksabhaspeaker @ombirlakota @sansad_tv @nsitharamanoffc 'The Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021.' passed in #LokSabha @loksabhaspeaker …

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