Revised Standard on Auditing (SA) 299, “Joint Audit of Financial Statements” Introduction Scope of this SA 1. The practice of appointing more than one auditor to conduct the audit of large entities has been in vogue for a longtime, sometimes voluntarily by the shareholders or sometimes due to the requirements of laws or regulations. Such auditors,… Read More »
Retrospective Restoration of CA Membership With a view to mitigate the hardships being faced by members whose names stand removed as on date due to non-payment of membership fee, the Council in its 374th meeting held in March 2018 has decided to give an opportunity by way of Scheme for restoration of their names retrospectively.… Read More »
PDC of ICAI Presents Finacle e-Learning-An Effective Auditing Tool Since the audit of the Banks for the year 2017-18 is about to start, the ICAI has aimed at setting up a benchmark in Bank Audits by using the technical expertise of Finacle partners, Infosys, as they have committed to provide us a comprehensive and… Read More »
No.M-626/08/MAF&PWC/2018 27th March, 2018 Madam/Dear Sir, ALL MEMBERS OF THE COUNCIL Sub.: Constitution of a Group to examine the issues arising out of the Judgement dated 23.02.2018 of the Hon’ble Supreme Court in the matter of operation of Multinational Accounting Firms in India The Hon’ble Supreme Court of India vide its combined Judgement dated 23rd… Read More »
Cases of adoption/attempt to adopt unfair means are reported in respect of the examinations held every time. In respect of the Examinations held in November 2017, over 90 cases of infringement/ violation of Instructions to Examinees, which tantamounts to adoption of unfair means, were reported. The nature of infringement/ violation in these cases, inter alia,… Read More »
Institute of Chartered Accountants of India Advisory for the Members regarding Allocation of Work among the Joint Auditors in case of Bank Audits 1 As you are aware that ICAI has issued Standard on Auditing (SA) 299, “Responsibility of Joint Auditors”. Regarding allocation of work among the joint auditors, SA 299 provides as follows: “Division of… Read More »
Guidance Note on Audit of Banks (2018 Edition) Institute of Chartered Accountants of India has issued Guidance Note on Audit of Banks (2018 Edition) by ICAI Released : Download
Announcement 9th January 2018 Exemption(s) from appearing in a paper(s) or Group of CA Exams, under the New Scheme of Education and Training w.e.f. May 2018 examinations. New Scheme of Education of the CA course, has been implemented with effect from 1st July 2017. The Examinations at various levels under the New Scheme of Education and… Read More »
The Institute of Chartered Accountants of India [Set up by an Act of Parliament] Post Box No. 7112, ‘ICAI BHAWAN’, Indraprastha Marg New Delhi– 110002 IMPORTANT ANNOUNCEMENT 9th January, 2018 No. 13-CA (EXAM)/M/2018: In pursuance of Regulation 22 of the Chartered Accountants Regulations, 1988, the Council of the Institute of Chartered Accountants of India is pleased… Read More »
It is a matter of great concern that Membership of a large number of members could not be renewed for the year 2017-18due to non-payment or short-payment of Membership Fee and/ or COP Fees across the country and in the Western Region. Hectic professional engagements, travel schedules, applicability of GST on membership fees and increase… Read More »