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Exposure Draft of SIA 350, Review and Supervision of Audit Assignments
Exposure Draft of Standard on Internal Audit (SIA) 350, Review and Supervision of Audit Assignments (Comments to be received by September 14, 2019)EXPOSURE DRAFTSTANDARD ON INTERNAL AUDIT (SIA) 350REV...
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Exposure Draft of SIA 390, Monitoring and Reporting of Prior Audit Issues
Exposure Draft of Standard on Internal Audit (SIA) 390, Monitoring and Reporting of Prior Audit Issues (Comments to be received by September 14, 2019)EXPOSURE DRAFTSTANDARD ON INTERNAL AUDIT (SIA) 390...
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Exposure Draft of Standard on Internal Audit (SIA) 120, Internal Controls
(Comments to be received by September 14, 2019)Exposure Draft of Standard on Internal Audit (SIA) 120, Internal Controls*The Internal Audit Standards Board of the Institute of Chartered Accountants of...
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Passing CA final exam not enough to use Prefix CA
Passing CA final exam not enough to use PrefixCA Pre- conditions for using the designation Chartered AccountantSection 7 of the Chartered Accountants Act 1949 empowers only a person who has been enrol...
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Draft Accounting Standards for Local Bodies (ASLBs) 13, ‘Leases’
Exposure Draft of the Accounting Standards for Local Bodies (ASLBs) 13, ‘Leases’ for public commentsICAI/TD/CPF&ASLB/2019-20 , Dated: August 8, 2019Dear Sir/Madam, Sub: Exposure Draft of the Accountin...
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ICSI Requests inclusion of CS in Definition of “Accountant”
THE INSTITUTE OFCompany Secretaries of IndiaIN PURSUIT OF PROFESSIONAL EXCELLENCEStatutory body under an Act of Parliament(Under the Jurisdiction of Ministry of Corporate Affairs)CS Ranjeet PandeyPRES...
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Sufficient Company Secretaries available to serve Corporate India: ICSI
THE INSTITUTE OF Company Secretaries of IndiaIN PURSUIT OF PROFESSIONAL EXCELLENCE Statutory body under an Act of ParliamentMCA/PD:20198th July, 2019Shri Injeti Srinivas, IASSecretaryMinistry of Corpo...
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Compendium of Accounting Standards (As on July 1, 2019)
A set of financial statements are a key tool of communication about the financial position, performance and changes in financial position of an entity that is useful to a wide range of stakeholders in...
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IFRS 9 Financial Instruments: Transition Impact on Banks Across Globe
In the first decade of new millennium the world witnessed unprecedented global financial crisis with severe adverse impact on many economies. Unlike previous crisis, large internationally active Banks...
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Compliance of CPE Hours requirements for block period 2017-2019
As you are already aware that the current block period for CPE Hours requirements is applicable from 01.01.2017 to 31.12.2019 and the CPE hours requirements to be complied with by various categories o...
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Deferred Tax related to Assets & Liabilities arising from a Single Transaction
The Institute of Chartered Accountants of IndiaIntroductionIn this Exposure Draft, the International Accounting Standards Board (Board) proposes to amend IAS 12 Income Taxes. The proposed amendments w...
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Include Cost Accountants under Definition of Accountant U/S 288(2)
SUBMISSION ON INCLUSION OF “COST ACCOUNTANTS” UNDER THE DEFINITION OF ‘ACCOUNTANT’ U/S 288(2) OF INCOME TAX ACT, 1961The Institute of Cost Accountants of India(Statutory body under an Act of Parliamen...
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Exposure drafts of ASLB 21, ASLB 26 and ASLB 32
Exposure drafts of ASLB 21, ‘Impairment of Non-Cash Generating Assets’, ASLB 26, ‘Impairment of Cash Generating Assets’ and ASLB 32, ‘Service Concession Arrangements: Grantor’ – (12-07-2019) The Insti...
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How to create First Time Login ID on SSP Portal of ICAI with FAQs
User Manual for ‘First Time Login ID creation in SSP Portal for Existing Member for ICAI’ This User Manual is intended for already registered members who want to create a login ID on the new Self Serv...
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ICAI objects to reporting of sacked chairman of J&K Bank as CA by TOI & Amar Ujala
ICAI vide its letter dated 08th July 2019 objected to News Item titled ‘Parvez par aniyamittaon ka bhari bharkam bojh’ published in Amar Ujala, Jammu on June 10, 2019 and News Item titled ‘Sacking of...
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Amendments to IFRS 17, Insurance Contracts
IntroductionIn this Exposure Draft, the International Accounting Standards Board (Board) proposes targeted amendments to IFRS 17 Insurance Contracts, issued in May 2017 to respond to concerns and chal...
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UDIN mandatory from 1st July, 2019 for all Audit/Assurance/Attest function
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 Accountant...
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Reference to Conceptual Framework Proposed amendments to IFRS 3
Reference to the Conceptual Framework Proposed amendments to IFRS 3 – (28-06-2019)The Institute of Chartered Accountants of IndiaIntroductionIn this Exposure Draft, the International Accounting Standa...
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Ind AS Technical Facilitation Group Clarification Bulletin 20
Ind AS Technical Facilitation Group (ITFG) of Ind AS Implementation Group has been constituted for providing clarifications on timely basis on various issues related to the applicability and /or imple...
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Status of New Self Service Portal (SSP) of ICAI- Late Fees condoned
Respected Member,We have launched the new Self Service Portal (SSP) for automating all forms for Students, Members and Firms, on the 28th May 2019. We are pleased to inform you that a lot of functions...