ICAI

OPJS University offering courses under the nomenclature “Master in C.A.” and “Bachelor in C.A.” is a punishable offence under the CA Act, 1949

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It has been brought to our notice that OPJS University, Churu (Rajasthan), is offering/conducting certain programmes/courses under the nomenclature “Master in C.A.” and “Bachelor in C.A.” (under the School of Chartered Accountant). Conduct of such courses under the said nomenclature are in contravention of various provisions of the Chartered Accountants Act, 1949 (CA Act) and … Read more

Details of Action taken on members by ICAI, in Satyam case

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As part of ICAI’s continuous drive to uphold the credibility, integrity and image of the accountancy profession in India, the regulatory mechanism of the Institute of Chartered Accountants of India (ICAI) is working assiduously. ICAI has been taking disciplinary action against its errant members as per the provisions of the Chartered Accountants (Amendment) Act, 2006 … Read more

Pragmatic and policy directional Budget to bring Achhe Din and ease of doing business: ICAI

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The Institute of Chartered Accountants of India (ICAI) welcomes the ‘Pragmatic and policy directional’proposals outlined by the Hon’ble Finance Minister in the Union Budget 2015. CA. Manoj Fadnis, President ICAI said “Proposal outlined by the Union Finance Minister such as Abolishment of Wealth Tax, Rationalization of Corporate Tax Structure, Removing uncertainty over DTC, with clear roadmap … Read more

Empanelment of Chartered Accountants for the assignment of “Checkers” for CA examinations to be held in May, 2015

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Checking of totaling of marks etc in the answer books of CA examinations, after they have been evaluated by the examiners, is being assigned/carried out by members of the Institute, who are empanelled for the purpose.  Accordingly, application are herby invited from members ( up to 15 years experience) to act as “Checkers” for checking … Read more

ICAI recommended minimum scale of fees for the professional assignments done by the chartered accountants – 2014

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The Committee for Capacity Building of CA Firms and Small & Medium Practitioners of ICAI as a part of its commitment to strengthen the Small & Medium Practitioners has initiated the Revised Minimum Recommended Scale of Fees for the professional assignments done by members of ICAI. The recommendation is about the fee to be charged … Read more

Chartered Accountant in practice shall be deemed to be guilty of professional misconduct if he uses any designation or expressions other than Chartered Accountant

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ANNOUNCEMENT FOR ATTENTION OF THE MEMBERS Re: Use of Designation(s) other than the designation of “Chartered Accountant” It has been brought to the notice of the Institute that some members are using the certain designation (s) other than Chartered Accountant in addition to the designation “Chartered Accountant’. In this regard, the attention of the members … Read more

ICAI is Nominated for Swachh Bharat Abhiyan by Hon’ble Prime Minister Shri Narendra Modi

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To take part in the cleanliness drive to mark “Good Governance Day” the Prime Minister Shri Narendra Modi visited Varanasi on Dec 25’14. During the visit, Hon’ble Prime Minister nominated the Institute of Chartered Accountants of India (ICAI) for the Swachh Bharat Abhiyan in addition to other personalities and organisations. While announcing the Swachh Bharat … Read more

ICAI signed MoU with Employee’s Provident Fund Organisation (EPFO)

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Employee’s Provident Fund Organisation (EPFO) moves to Accrual Accounting  The Institute of Chartered Accountants of India (ICAI) through its research arm, ICAI Accounting Research Foundation (ICAI ARF) signed an MoU with Employee’s Provident Fund Organisation (EPFO) on December 11, 2014. As per the MoU, ICAI ARF will undertake a Pilot Study Project with EPFO to … Read more

ICAI Holding a Fresh Common Proficiency Test (CPT) for candidates of Mathura examination centre on 21st December 2014

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Important Announcement        CPT held on 14th December 2014, at Mathura examination centre. Candidates with the following Roll numbers, who were admitted to the CPT held on 14th December 2014 for appearing at the above mentioned centre at Mathura (U.P), are required to appear once again, in the Fresh CPT examination at Kanha … Read more

Format of Audit Engagement Letter for Audit of Financial Statements under the Companies Act 2013, When Reporting u/s 143(3)(i) is NOT Applicable

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Example of an Audit Engagement Letter Audit of Financial Statements under the Companies Act 2013 and the Rules Thereunder (When Reporting u/s 143(3)(i) of the Companies Act, 2013 is Not Applicable) (to be added to Appendix 1 to SA 2101) To, The Board of Directors of ……………… (name of the Entity) (Address) Dear Sirs, I … Read more