Category Archives: Background Material

ICAI initiatives for reforms in the CA Course and Examination System.

By | December 25, 2018

Latest initiatives being undertaken by ICAI towards reforms in the CA Course and Examination System. – (21-12-2018) The Institute of Chartered Accountants of India (ICAI) has always stood by the students and strived to address their concerns from time to time. Considering the dynamic global scenario, ICAI has taken proactive and exemplary initiatives to facilitate… Read More »

CAG Empanelment of Chartered Accountant Firms/LLPs for 2019-2020

By | December 21, 2018

Empanelment of Chartered Accountant Firms/LLPs for the year 2019-2020 OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA 9, DEEN DAYAL UPADHYAYA MARG, NEW DELHI – 110124 Empanelment of Chartered Accountant Firms/LLPs for the year 2019-2020 Online Applications are invited from Chartered Accountant firms/LLPs who desire to be empanelled with the office of the Comptroller… Read More »

Exposure Draft of Amendments in Ind AS XBRL Taxonomy

By | December 16, 2018

Announcement Exposure Draft of Amendments in Ind AS XBRL Taxonomy (Comments to be provided by 30th December, 2018) Ministry of Corporate Affairs (MCA) has mandated the filing of financial statements in XBRL format for the specified class of companies. XBRL taxonomy covers the requirements of Accounting Standards, Companies Act and MCA specific requirements. XBRL taxonomy,… Read More »

ICAI Revised Implementation Guide to SA 230, “Audit Documentation”

By | December 4, 2018

Revised Implementation Guide to SA 230, “Audit Documentation” issued by the Auditing and Assurance Standards Board – (04-12-2018) Foreword Preface Chapter 1: Summary of the Standard …………………………….. Chapter 2: Introduction ……………………………………………….. Chapter 3: FAQs on SA 230 …………………………………………. Chapter 4: Checklist…………………………………………………… Appendix: Illustrative Working Paper Format………………… Download Click here”

ICAI Guide on auditors Resignation/ Withdrawal from an Audit Engagement

By | December 1, 2018

Implementation Guide on Resignation/ Withdrawal from an Engagement to Perform Audit of Financial Statements Foreword In 2018, there have been number of mid-term resignations by auditors particularly auditors of listed companies. The matter being a concern for various stakeholders it has been decided to examine the reasons and circumstances leading to resignation of auditors and… Read More »

CA need not to be a Graduate to become Registered Valuer : ICAI

By | November 28, 2018

Chartered Accountants need not to be a Graduate to become Registered Valuer ICAI Press Release 26.11.2018 Valuation is a highly specialised field which can be performed by the professionals having a blend of finance, accounting and finance. Chartered Accountants are best suited for valuation as at various levels of Chartered Accountancy course, the syllabus includes… Read More »

Standards on Internal Audit (SIAs) as issued by ICAI

By | November 27, 2018

Standards on Internal Audit (SIAs) as issued by the Institute of Chartered Accountants of India – (27-11-2018) Preface to the Framework and Standards on Internal Audit  Framework Governing Internal Audits  Basic Principles of Internal Audit  Standard on Internal Audit (SIA) 210, Managing the Internal Audit Function  Standard on Internal Audit (SIA) 220, Conducting Overall Internal… Read More »