Page 6 - Chartered Accountants

Union Home Minister Amit Shah extends greetings on Doctors Day, CA Day

Union Home Minister Amit Shah Saturday extended his greetings to doctors on the occasion of Doctors Day, saying their unwavering commitment to serving humanity has made a whole lot of difference in the world. He also extended his gratitude to the chartered accountants on the occasion of CA Day "for keeping the wheels of our economy running through all weather". "On Doctors Day my heartiest greetings to the doctors, who guard our health and wellbeing. "Their unwavering commitment to serving humanity has made a whole lot of difference in our world and will continue to do so. Salute to the noble healers and lifesavers," Shah tweeted. July 1 is observed as National Doctors Day to commemorate Bidhan Chandra Roy, a renowned doctor who served as West Bengal's chief minister too from 1948 to 1962, and whose birth and death anniversary fall on this day. In another tweet, Shah said, "On CA Day, I extend my heartfelt greetings to all the brilliant chartered accountants who have with their ..

Street Signs: Beefing up colocation facility, auditors on the run & more

NSE to expand colocation facility offerings, the allotments for these racks are to be done over the next six months by the first-in, first-out method

Changes in anti-money laundering law can impact foreign investment: CAs

Chartered accountants are seeking clarifications on the finance ministry's recent notification on extending the ambit of anti-money laundering law as it can adversely impact ease of doing business and facilitation of foreign investments. According to industry sources, chartered accountants (CAs) and company secretaries often act as formation agents for foreign companies setting up businesses in India and often provide their own address for communication in the initial phase. They also act as resident directors of the foreign company trying to establish presence in the country and also operate bank accounts on behalf of their clients. Industry sources said there is no way that an accountant can know whether the money that an investor is bringing into India is bonafide or laundered money and verify its source. In view of the pending review by the global watchdog on terror financing and money laundering scheduled later this year, the finance ministry has in recent months tightened and

CA, company secys fret over increased compliance burden under new PMLA

Transactions carried out by practising CAs, CSes, and CMAs on behalf of their clients under the scope of PMLA

Extending liability

New PMLA rules will help curb black money

CAs, CSes concerned about new tweaks in anti-money laundering law

A major concern for the professionals is that if their clients are up to some mischief behind their backs, they would also be charged under the PMLA

ICAI working on new guidelines for disciplinary mechanism for CAs

The ICAI president said the institute had given its views on the foreign trade agreements with the UK and Canada, supporting foreign audit firms to operate in India on a reciprocity basis

Internet search for CA, Income Tax consultants increasing: Report

Queries up 47% in Q1 of FY23 as people seek expert advice in filing returns, managing invesments

A true account: How law firms are taking the lead in consultancy business

Be it advising the government or tackling bankruptcy cases, they are handling roles traditionally handled by CAs

CAs, advocates mustn't be arrested sans proof of role in business fraud: HC

Ruling was delivered in a case in which a CA and an advocate were arrested for rendering service to exporters who were alleged to have fraudulently claimed a refund of IGST

Life Mission case: After 9-hour grilling session, ED makes headway

After a nine-hour grilling of Venugopal Iyer, a CA, a close aide of Sivasankar, the ED has reportedly made headway with the CA stating he had just followed the former top bureaucrat's instructions.

KPMG lays off 700 people in US, 1st among Big4 accounting firms to cut jobs

KPMG has announced that it is laying off 2 per cent of its workforce at its office in the United States with an aim to keep costs low as the economy slows

Professionals serving affluent clients must buy bigger indemnity covers

They should avoid professional indemnity policies with sub-limits or high deductible

HDFC twins may merge by April next year, says Chairman Deepak Parekh

Parekh said the voting process of shareholders on the proposed merger has received "fair amount of votes" from shareholders already

Huge impact of CAs on businesses can save the world: Julia Penny of ICAEW

In a Q&A, the head of the apex body of chartered accountants in the UK discusses the challenge of sustainability and other issues her tribe faces across the globe

Trust, sustainability & talking robots at global accounting event in Mumbai

The 4-day event began on Friday and has delegates from across the world

FM urges independence of CAs to preserve integrity of financial statements

Says statutory filings and audit reports by CAs are public documents that multiple stakeholders rely on; urges adherence to fair and transparent practices

Will look into financial disclosures of Byju's, says ICAI president

Move comes in backdrop of Congress MP Karti Chidambaram's letter airing concerns over results

Glitches in MCA portal: CAs, CS seek extension in annual filing deadline

They were protesting against glitches in the MCA portal

ICAI CA November 2022 PQC-IRM exam postponed; check revised schedule

ICAI CA November 2022 PQC-IRM exam postponed. Candidates can check the revised schedule on the official website of ICAI- icai.org