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Insolvency Professionals to act as Interim Resolution Professionals and Liquidators (Recommendation) (Second) Guidelines, 2018
30th November, 2018Provisions in the Insolvency and Bankruptcy Code, 2016Section 16(3)(a) of the Insolvency and Bankruptcy Code, 2016 (Code) requires the Adjudicating Authority (AA) to make a referenc...
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ICAI President’s Message – December 2018
CA Naveen N. D. GuptaElections usher in virtues of democracy in the system; democracy being reflective of freedom of expression, choice and related redeeming virtues in a civil society, results in the...
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Standard on Internal Audit (SIA) 18, Related Parties
The following is the text of the Standard on Internal Audit (SIA) 18, Related Parties, issued by the Institute of Chartered Accountants of India. The Standard should be read in the conjunction with th...
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SIA 17 Consideration of Laws and Regulations in an Internal Audit
Standard On Internal Audit (SIA) 17 Consideration Of Laws And Regulations In An Internal AuditThe following is the text of the Standard on Internal Audit (SIA) 17, Consideration of Laws and Regulation...
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Standard on Internal Audit (SIA) 16 using the Work of an Expert
The following is the text of the Standard on Internal Audit (SIA) 16, Using the Work of an Expert, issued by the Council of the Institute of Chartered Accountants of India. These Standards should be r...
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SIA 14, Internal Audit in an Information Technology Environment
Standard on Internal Audit (SIA) 14, Internal Audit in an Information Technology EnvironmentThe following is the text of the Standard on Internal Audit (SIA) 14, Internal Audit in an Information Techn...
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Standard on Internal Audit (SIA) 13 Enterprise Risk Management
The following is the text of the Standard on Internal Audit (SIA) 13, Enterprise Risk Management, issued by the Council of the Institute of Chartered Accountants of India. These Standards should be re...
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Standard on Internal Audit (SIA) 12 Internal Control Evaluation
The following is the text of the Standard on Internal Audit (SIA) 12, Internal Control Evaluation, issued by the Council of the Institute of Chartered Accountants of India. These Standards should be r...
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SIA 11 Consideration of Fraud in an Internal Audit
Standard on Internal Audit (SIA) 11 Consideration of Fraud in an Internal AuditThe following is the text of the Standard on Internal Audit (SIA) 11, Consideration of Fraud in an Internal Audit, issued...
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Standard on Internal Audit (SIA) 9, Communication with Management
The following is the text of the Standard on Internal Audit (SIA) 9, Communication with Management, issued by the Council of the Institute of Chartered Accountants of India.. These Standards should be...
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GST collection for November 2018 crosses 97000 Crore Rupees
GST Revenue collection for the month of November 2018 crosses Ninety-Seven Thousand Crore RupeesThe total gross GST revenue collected in the month of November, 2018 is Rs. 97,637 crore of which CGST i...
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Procedure for referring complaints to MahaRERA Conciliation and Dispute Resolution Forum by MahaRERA or Adjudicating Officer of MahaRERA.
When a complaint is being heard by MahaRERA or an Adjudicating Officer of MahaRERA and the said authority is satisfied that there is a possibility of settlement by way of conciliation, then with the c...
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CBDT directives on scope of inquiry in cases selected for Limited Scrutiny
i. The Assessing Officer shall duly record the reasons for expanding the scope of 'Limited Scrutiny' to the extent mentioned in para 2 and 3, above; ii. The same shall be placed before the Pr. CIT/CIT...
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CBDT Order appointing 55 IRS Officers As JCIT
F. No. A-32012/2/2015-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi.New Delhi, the 28th November, 2018.OFFICE ORDER NO. 197 OF 2...
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Dr. Ajay Bhushan Pandey takes over as Revenue Secretary
Ministry of FinancePosted On: 30 NOV 2018Dr. Ajay Bhushan Pandey (IAS: MH 1984) took over as the Union Revenue Secretary upon superannuation of Dr Hasmukh Adhia here today. Outgoing Finance Secretary...
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Implementation Guide on Resignation/ Withdrawal from an Engagement to Perform Audit of Financial Statements
Large number of mid-term resignations by auditors this year has become matter of concern for various stakeholders. To examine the reasons and circumstances leading to resignation of auditors, a Group...
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Govt appoints NFRA Chairperson
Central Government appointed Shri Rangachari Sridharan as the Chairperson, the National Financial Reporting Authority (NFRA), with effect from the 1st October, 2018 (afternoon) for a period of three y...
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Do’s and Don’ts while dealing with Investment Advisers
Securities And Exchange Board of IndiaDo’s and Don’ts while dealing with Investment Advisers Do’s1. Always deal with SEBI registered Investment Advisers.2. Check for SEBI registration number. Please r...
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Standard On Internal Audit (SIA) 4 Reporting
The following is the text of the Standard on Internal Audit (SIA) 4, Reporting, issued by the Council of the Institute of Chartered Accountants of India. These Standards should be read in conjunction...
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Standard on Internal Audit (SIA) 330 Internal Audit Documentation
This Standard on Internal Audit (SIA) 320, “Internal Audit Evidence,” issued by the Council of the Institute of Chartered Accountants of India should be read in conjunction with the “Preface to the St...