Category Archives: ICAI

Ranks in Common Proficiency Test discontinued

By | January 12, 2016

Discontinuation of ranks in Common Proficiency Test (CPT) 8th January 2016 It is hereby informed that in terms of decision taken by the Examination Committee, declaration of ranks in respect of Common Proficiency Test(CPT), has been discontinued with effect from CPT held in December, 2015 onwards. Candidates are requested to take note of the above.… Read More »

Elected Members of Regional Councils of ICAI -22 nd

By | January 11, 2016

[TO BE PUBLISHED IN PART III SECTION 4 OF THE GAZETTE OF INDIA, EXTRAORDINARY DATED 8TH JANUARY, 2016] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NEW DELHI – 110 002 New Delhi, 8th January, 2016 NOTIFICATION (Chartered Accountants) No.54-EL(1)/15/2015: In pursuance of provisions of sub-regulation (10) of regulation 134 of the Chartered Accountants Regulations, 1988… Read More »

Elected members of ICAI – 23rd Council

By | January 11, 2016

[TO BE PUBLISHED IN PART III SECTION 4 OF THE GAZETTE OF INDIA, EXTRAORDINARY DATED 8TH JANUARY, 2016] THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NEW DELHI – 110 002 New Delhi, 8th January, 2016 NOTIFICATION (Chartered Accountants) No.54-EL(1)/14/2015: In pursuance of Rule 36 of the Chartered Accountants (Election to the Council) Rules, 2006, the… Read More »

Draft Bank Branch Auditors’ Panel for the year 2015-16

By | January 11, 2016

Dear Sir, Please find placed below Draft Bank Branch Auditors’ Panel for the year 2015-16. To view the category, please click on the relevant interval: MEF00001-05000 MEF05001-10000 MEF10001-15000 MEF15001-20000 MEF20001-25000 MEF25001-30000 MEF30001-35000 MEF35001-40000 MEF40001-45000 MEF45001-50000 MEF50001-55000 MEF55001-60000 MEF60001-65000 MEF650001 onwards The draft panel will be available upto 18th January, 2016, if you have any query/complaint,you… Read More »

How many articles CA can train : ICAI Announcement

By | December 28, 2015

Institute of Chartered Accountants of India ANNOUNCEMENT Date: 21.12.2015 43. Engagement of Articled Assistants Subject to the provisions of these Regulations and subject to such terms and conditions, as the Council may deem fit to impose in this behalf, the members designated as an associate or a fellow, who has been in practice continuously, whether… Read More »

CA held guilty of misconduct when he submitted forged income tax return to bank for taking loan

By | December 25, 2015

Facts of the Case The complainant-bank sanctioned a loan of Rs. 1,84,000 on the request of the respondent relying on the bona fides and authenticity of the income-tax returns submitted by the respondent to the complainant-bank which were forged and fabricated. The respondent intentionally submitted the forged and fabricated income-tax returns to induce the complainant-bank… Read More »

Postponement of Information System Audit (Assessment Test) scheduled for 26th December 2015 to 23rd January 2016

By | November 14, 2015

12th November, 2015 IMPORTANT ANNOUNCEMENT Postponement of Information System Audit (Assessment Test) scheduled for 26th December 2015 to 23rd January 2016 It is hereby informed that due to unavoidable circumstances the Information System Audit (Assessment Test) scheduled for 26th December 2015 stands postponed to 23rd January 2016 The said examination will now be held on… Read More »

Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013

By | October 30, 2015

Auditing and Assurance Standards Board Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013 The Auditing and Assurance Standards Board of the Institute of Chartered Accountants of India has today issued the Guidance Note on Reporting on Fraud under Section 143(12) of the Companies Act, 2013. For the benefit of… Read More »

5 Guidance Notes Withdrawn by ICAI

By | October 27, 2015

The Institute of Chartered Accountants of India has decided to withdraw 5 Guidance Notes on different accounting aspects. The list of the Guidance notes which have been withdraws are as follows:-   1. Guidance Note on Accounting for Depreciation in Companies   2. Guidance Note on Treatment of Reserve Created on Revaluation of Fixed Assets… Read More »