ICAI issues Addendum to the Guidance Note on Bank Audit, 2020

ICAI issues Addendum to the Guidance Note on Bank Audit, 2020

Auditing and Assurance Standards Board of ICAI has issued an Addendum to the Guidance Note on Bank Audit, 2020 Edition to provide guidance to...
Advisory for Statutory Bank Branch Auditors

Advisory for Statutory Bank Branch Auditors

An Advisory for Statutory Bank Branch Auditors is issued by the Institute of Chartered Accountants of India (ICAI) for all the bank auditors for the FY...
Revised UDIN Guidelines for Bank Branch Audit

Revised FAQs on UDIN for Bank Audit

ICAI in its earlier FAQs on UDIN had clarified that UDIN not mandatory for Statutory Bank Audit. However, for all Certificates to be signed while conducting Bank...
Revised UDIN Guidelines for Bank Branch Audit

Revised UDIN Guidelines for Bank Branch Audit

UDIN is not mandatory for Statutory Bank Audit. However, for all Certificates to be signed while conducting Bank Audit, generation of UDIN is mandatory....
ICAI constituted Online Panel of Experts for queries resolution on bank branch audits

ICAI constituted Online Panel of Experts for queries resolution on bank branch audits

Appointment of Statutory Central/Branch Auditors of Public Sector Banks (PSBs) is made in terms of various provisions of the Banking Companies (Acquisition and Transfer...
ICAI and ICAI RVO issues Concept Paper on All About Fair Value

ICAI and ICAI RVO issues Concept Paper on All About Fair Value

ICAI and ICAI RVO issues Concept Paper on All About Fair Value. Financial reporting in India has undergone a significant transformation owing to the...
Covid-19 Related Rent Concessions: ICAI Proposed Amendment to IFRS 16

COVID-19 Related Rent Concessions: ICAI Proposed Amendment to IFRS 16

The implementation of high quality Indian Accounting Standards (Ind ASs) by Indian Companies is a monumental step in the accounting history of India. The Institute of...
Revised (2020) Minimum Recommended Fees for Assignments done by the CA

Revised (2020) Minimum Recommended Fees for Assignments done by the CA [Download Pdf]

ICAI has issued revised (2020) minimum recommended scale of fees for the professional assignments done by the Chartered Accountants for Class ‘A’, Class ‘B’...
fafd-course-icai

ICAI Announces Virtual Classes Of Certificate Course On Forensic Accounting & Fraud Detection

Seeing the current situation of lockdown due to COVID-19 Pandemic, the Digital Accounting & Assurance Board (DAAB) of the Institute of Chartered...
Companies Fresh Start Scheme, 2020 (CFSS-2020)

Companies Fresh Start Scheme, 2020 (CFSS-2020)-Brief Analysis

COMPANIES FRESH START SCHEME, 2020 (CFSS-2020): A GREAT OPPORTUNITY FOR NON-COMPLIANT COMPANIES Need for Introduction of Companies Fresh Start Scheme, 2020 (CFSS-2020) Companies Act,2013 requires all...
Economic Recovery Due to COVID-19 Outbreak

Prospects for Economic Recovery Due to COVID-19 Outbreak

Covid-19 has already generated a sharp fall in global GDP and a rapid rise in unemployment, but what kind of recovery can we expect...
All Income Tax Return Due Date Extended for FY 2019-20

All Income Tax Return Due Date Extended for FY 2019-20/AY 2020-21

Extension Announced on 1st May, 2021Various Income Tax Due Date Extended Again as a relaxation in Covid-19 pandemicIncome Tax Return Due...
Customs hearings to be conduct in virtual mode

Customs hearings to be conduct in virtual mode- Guidelines Issued

The Central Board of Indirect Taxes & Customs ,  on account of recent outbreak of COVID-19 (Coronavirus) vide Instruction No. F. No. 390/Misc/3/2019-JC,dated 27th April, 2020 has...
Analysis of Case Laws- Cash Sales before Demonetization period

Analysis of Case Laws- Cash Sales before Demonetization period

This article covers analysis of case laws- Cash Sales before Demonetization period. Issue under Income Tax Covered here is- Questions Whether books of account can...