ICAI Archives - Tax Heal https://www.taxheal.com/category/books/gst-books/background-material/icai-background-material Complete Guide for Income Tax and GST in India Fri, 11 Sep 2026 12:44:31 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.2 LEARN AI COURSE ONLINE FROM CERTIFIED CA ! https://www.taxheal.com/learn-ai-course-online-from-certified-ca.html Fri, 11 Sep 2026 11:33:10 +0000 https://www.taxheal.com/?p=140553 LEARN AI COURSE ONLINE FROM CERTIFIED CA ! LEARN AI COURSE ONLINE FROM CERTIFIED CA ! contact us on for Courses on AI :  9872233989 Thrilled to share that I have successfully completed Level 2 of the Certificate Course on Artificial Intelligence for CA (AICA) conducted by the Artificial Intelligence Committee of ICAI (at the… Read More »

]]> LEARN AI COURSE ONLINE FROM CERTIFIED CA !

LEARN AI COURSE ONLINE FROM CERTIFIED CA !

contact us on for Courses on AI :  9872233989

Thrilled to share that I have successfully completed Level 2 of the Certificate Course on Artificial Intelligence for CA (AICA) conducted by the Artificial Intelligence Committee of ICAI (at the ICAI Chandigarh Branch)!
This intensive 30-hour program has been an incredible journey, deepening my understanding of how AI is reshaping the landscape of accountancy, taxation, and advisory services. As the profession evolves, embracing technology isn’t just an option—it’s essential for driving accuracy, efficiency, and forward-thinking advisory for clients.
Excited to leverage these advanced insights to further integrate smart tech and automation into practice!
#ICAI #ArtificialIntelligence #CharteredAccountant #AIinFinance #ContinuousLearning #FutureOfAccounting #AICAI #DigitalTransformation
]]> AQMM v2.0 : ICAI releases implementation guide to enhance the audit quality https://www.taxheal.com/aqmm-v2-0-icai-releases-implementation-guide-to-enhance-the-audit-quality.html Mon, 24 Feb 2025 15:05:05 +0000 https://www.taxheal.com/?p=99682 AQMM v2.0 : ICAI releases implementation guide to enhance the audit quality Utility for self-evaluation under AQMM v 2.0 Implementation Guide for Audit Quality Maturity Model version 2.0 (AQMM v 2.0) Announcement – Audit Quality Maturity Model version 2.0 (AQMM v 2.0)

]]> AQMM v2.0 : ICAI releases implementation guide to enhance the audit quality ]]> ICAI announces revised classification criteria of Non-Company Entities for the applicability of Accounting Standards https://www.taxheal.com/icai-announces-revised-classification-criteria-of-non-company-entities-for-the-applicability-of-accounting-standards.html Wed, 13 Nov 2024 14:16:49 +0000 https://www.taxheal.com/?p=96707 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 »

]]> 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 IV) into two categories: Micro, Small, and Medium-Sized Entities (MSMEs) and Large Entities. With this streamlined classification, the update brings clear compliance guidelines—requiring Large Entities to fully adhere to all Accounting Standards, while providing MSMEs with certain exemptions and relaxations. This updated framework, effective for accounting periods beginning on or after April 1, 2024, offers greater clarity and ease of compliance for non-company entities.

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]]> UDIN Mandatory from 1st July, 2019 for all Audit/Assurance/Attest function https://www.taxheal.com/udin-mandatory-from-1st-july-2019-for-all-audit-assurance-attest-function.html https://www.taxheal.com/udin-mandatory-from-1st-july-2019-for-all-audit-assurance-attest-function.html#respond Mon, 01 Jul 2019 14:39:58 +0000 https://www.taxheal.com/?p=81463 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 »

]]> 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 menace and malpractices, ICAI has conceptualised and implemented an innovative concept called Unique Document Identification Number (UDIN). ICAI at its 379th Council Meeting held on 17th – 18th December, 2018 made generation of UDIN mandatory for every signature of Full time Practising Chartered Accountants in phased manner for the following services:

  • All Certificates with effect from 1st February, 2019
  • GST and Income Tax Audit with effect from 1st April, 2019
  • All Audit and Assurance Functions with effect from 1st July, 2019

Therefore, UDIN is being made mandatory for all Audit and Assurance Functions like Documents and Reports certified / issued by full time Practising Chartered Accountants from 1st July, 2019

Members are being advised to plan the Audits and Assurance functions accordingly as UDIN has to be generated on the date of signature dates of Certificates / Report / Audit Reports although a 15 days window is there for exceptional circumstances.

Further, non-compliance of UDIN directive may attract Disciplinary Proceedings as per Clause 1 of Part II of Second Schedule of The Chartered Accountants Act, 1949.

For any information/ clarification, members may visit www.udin.icai.org or email at udin@icai.in and follow Twitter @UDINICAI1

CA. Ranjeet Kumar Agarwal
Convenor
UDIN Monitoring Group		 CA. Jay Chhaira
Deputy Convenor
UDIN Monitoring Group
]]> https://www.taxheal.com/udin-mandatory-from-1st-july-2019-for-all-audit-assurance-attest-function.html/feed 0 ICAI submits Pre-Budget Memoranda-2019 https://www.taxheal.com/icai-submits-pre-budget-memoranda-2019.html https://www.taxheal.com/icai-submits-pre-budget-memoranda-2019.html#respond Thu, 13 Jun 2019 11:24:33 +0000 https://www.taxheal.com/?p=81135 ICAI submits Pre-Budget Memoranda-2019 Download ICAI submits Pre-Budget Memoranda-2019 Click here

]]> ICAI submits Pre-Budget Memoranda-2019

Download ICAI submits Pre-Budget Memoranda-2019 Click here

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