Category Archives: Background Material

ICAI announces revised classification criteria of Non-Company Entities for the applicability of Accounting Standards

By | November 13, 2024
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ICAI announces revised classification criteria of Non-Company Entities for the applicability of Accounting Standards The Institute of Chartered Accountants of India (ICAI) recently released a major update, revising the classification criteria for Non-Company Entities (NCEs) under the Accounting Standards framework. This revision simplifies the existing structure by consolidating the previous four levels (Level I to… Read More »

UDIN Mandatory from 1st July, 2019 for all Audit/Assurance/Attest function

By | July 1, 2019
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Unique Document Identification Number (UDIN) being made mandatory from 1st July, 2019 for all Audit/Assurance/Attest function – (01-07-2019) It has been noticed by the Institute of Chartered Accountants of India that Financial Documents / Reports / Certificates are being signed by Non-CAs misrepresenting themselves as CA Members thereby misleading the Regulators, Authorities and Stakeholders. To curb this… Read More »

E-book on “ Quick Insights on Professional Opportunities For Chartered Accountants ”

By | May 27, 2019
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E-book on “Quick Insights on Professional Opportunities For Chartered Accountants” By ICAI We are pleased to inform that with an aim to provide heightened focus of Chartered Accountants who are in Practice on various emerging Professional Opportunities such as RERA, Ind AS, Companies Act, 2013, Artificial Intelligence, Blockchain, Cyber Security and Data Analytics (ABCD of… Read More »

ICAI releases E Version of Compendium of Ind AS effective 1.4.2019

By | May 15, 2019
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ICAI releases E Version of Compendium of Ind AS effective 1.4.2019 We are pleased to share that the Accounting Standards Board (the Board/ ASB) of Institute of Chartered Accountants of Indian (ICAI) has released e-version of Compendium of Indian Accounting Standards (Ind AS). As you are aware the Ind AS recommended by the ICAI, are… Read More »

Free Background Material on Import and Exports (Jan 2019) : Download

By | February 14, 2019
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e-Background Material on Customs and FTP (January 2019) Each country has its own laws and regulations for the import and export of goods into and out of a Country, which its Customs Authority enforces. The import or export of s ome goods may be restricted or forbidden. A customs duty is a tariff or tax… Read More »

LIC Term Insurance for Chartered Accountants

By | February 13, 2019
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LIC Term Insurance for Chartered Accountants ICAI-LIC Group Term Insurance SchemeArranged by:Committee for Capacity Building of Members in Practice (CCBMP) The Committee for Capacity Building of Members in ICAI is facilitating ICAI-LIC Group Insurance Scheme for Chartered Accountant Members and their spouse. The salient features of the scheme: Competitive rate of premium for Insurance. Payment… Read More »

Guidance Note Bank Audit 2019 Section B – Foreign Exchange Transactions and Integrated Treasury

By | January 19, 2019
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Guidance Note on Audit of Banks 2019 edition: Section B – Foreign Exchange Transactions and Integrated Treasury issued by the Auditing and Assurance Standards Board – (18-01-2019) Download Guidance Note on Audit of Banks 2019 edition Section B – Click here Related Post Guidance Note on Audit of Banks 2019

Extension of CPE hours requirement for Calendar Year 2018

By | January 16, 2019
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Extension of last date “for complying with the CPE hours requirement for the Calendar Year 2018” – from 31st December, 2018 to 31st January, 2019 – (11-01-2019) FOR INFORMATION OF THE MEMBERS Subject: Extension of last date “for complying with the CPE hours requirements for the Calendar Year 2018” – till 31st January, 2019 This… Read More »