Chartered Accountancy
ICAI mulls providing coaching classes
By admin at 9 March, 2010, 5:05 pm
The Institute of Chartered Accountants of India (ICAI), in a bid to save time and money of students pursuing the Chartered Accountancy programme as they complete their course is planning to provide them with coaching classes taught by the faculty members through virtual and physical medium.
Amarjit Chopra, president of ICAI said that, “This initiative, for [...]
PW plea on Satyam probe rejected
By admin at 9 March, 2010, 10:18 am
Price Waterhouse (PW), an Indian arm of the global consultancy firm PricewaterhouseCoopers, whose partners got embroiled in the Satyam accounting fraud, failed to get a reprieve from the stock market regulator, the Securities and Exchanges Board of India (Sebi).
The market regulator rejected a PW appeal for early winding up of the enquiry instituted against it [...]
CA rush on, never mind Satyam
By admin at 9 March, 2010, 10:17 am
Last year’s revelation of an accounting scandal in Satyam Computer Services has not dented the charm of accounting as a career, it seems.
Between February 2009 and 2010, the number of candidates registering with the Institute of Chartered Accountants of India (ICAI) to qualify as a chartered accountant has grown by more than 25 per cent.
“The [...]
ICAI’s Campus Placement Programme
By admin at 9 March, 2010, 10:11 am
The Institute of Chartered Accountants of India (ICAI), working under the aegis of the Ministry of Corporate Affairs, organizes campus placement programme for the benefit of newly qualified Chartered Accountants twice every year. The first phase of the programme is going on these days at 5 cities namely Bangalore, Chennai, Kolkata, Mumbai and New Delhi. [...]
Read More >>ICAI to facilitate IFRS implementation
By admin at 4 March, 2010, 4:51 pm
International accounting norms by April 1, 2011, to transit smoothly to the new converged standards while also giving an opportunity to understand its ramifications, both positive and negative, said Amarjit Chopra, president, The Institute of Chartered Accountants of India (ICAI).
Addressing the media here on Tuesday, he said ICAI would act as catalyst and facilitate the [...]
ICAI may disclose tainted auditors
By admin at 3 March, 2010, 11:56 am
In a bid to salvage auditing profession’s credibility following the Satyam fraud, the Institute of Chartered Accountants of India (ICAI) said on Tuesday that it was considering making public the names of auditors found guilty in scams. ICAI is the regulatory body of chartered accountants in India.
“As of now, we make available the names of [...]
Errant cos’ auditors will also face the music now
By admin at 24 February, 2010, 12:54 pm
The corporate affairs ministry has decided to take to task auditors too besides the top management in companies that violate Section 211 of the Companies Act. Section 211 relates to the form and content of balance sheet and profit and loss statements of companies. Sources in the ministry said auditors in about 30-35 companies had [...]
Read More >>GST guidelines to be ready by May: Icai
By admin at 24 February, 2010, 12:02 pm
The Institute of Chartered Accountants of India (Icai) has said it will prepare guidance notes for chartered accountants involved in the implementation of the goods and services tax (GST) by May.
The regulator for chartered accountants will also present a complete set of new accounting standards compliant with International Financial Reporting Standards (IFRS) by June.
“The institute [...]
ICAI wants whistleblower system in audit firms
By admin at 23 February, 2010, 3:58 pm
A YEAR after the Satyam scandal, the accounting regulatory body, the Institute of Chartered Accountants of India (ICAI), has recommended setting up of a whistleblower system within all audit firms.
The decision follows revelation in the investigation of Satyam scam instances when auditors were denied access to proper financial records by their client firm. A whistleblower [...]
ICAI finds 3 auditors guilty in GTB scam
By admin at 17 February, 2010, 4:02 pm
The Institute of Chartered Accountants of India (ICAI) has found three chartered accountants guilty in the Global Trust Bank (GTB) probe.
Members P Ramakrishna and Manish Aggarwal have been found guilty of professional misconduct and have been barred for five and three years respectively, ICAI President Uttam Prakash Agarwal told CNBC-TV18.
“We held [...]