Page 8 - Chartered Accountants

CA Act amendment bill: ICAI Prez seeks status quo on disciplinary committee

ICAI has nearly 3.5 lakh members and about 7.5 lakh students.

Debashis Mitra takes over as ICAI President; Aniket Sunil Talati becomes VP

Institute of Chartered Accountants of India (ICAI) on Saturday said Debashis Mitra has been elected as its President for the 2022-23 term. Aniket Sunil Talati has been elected as Vice President of the institute, which has more than 3.40 lakh members and over 7 lakh students, according to a release. They took charge on Saturday. Mitra, who is serving his third term in ICAI Council, has been in the accounting profession for more than 34 years. Apart from being a Chartered Accountant, he is also a Cost Accountant and a Company Secretary. He holds a master's degree in commerce and is also a law graduate as well as a qualified Information Systems Auditor. "With keen interest in academic research, he is a PhD on the topic 'A Critical Study of Select Indian GAAP, US GAAP & IAS / IFRS'," the release said. Talati, who has a master's degree in commerce, served as Chairman of Ahmedabad Branch of ICAI for the year 2014-15 and as Secretary, WIRC for the year 2017-18. Among other positions,

RailTel gets ICAI award for excellence in financial reporting

The award was given by the Institute of Chartered Accountants of India (ICAI), the premier accounting body which has been holding the annual competition for these awards since 1958

ICAI seeks waiver of penalty till March 31 for filing tax audit reports

The last date for furnishing report of audit under any provision of the Income Tax Act for AY 2021-22 is January 15

ICAI to oppose proposal to introduce 3 non-CA members in committee

The Institute of Chartered Accountants of India has said it will oppose the Centre's proposal to introduce three non-CA members into ICAI's disciplinary committee

Reform in three Acts with long-overdue Bill to improve audit discipline

The government introduces a long-overdue Bill to improve the audit discipline

Bill on CA, company secretaries referred to standing committee

Minister of State for Parliamentary Affairs Arjun Ram Meghwal moved the proposal for referring the Bill to the panel

LS likely to pass amendments to laws governing CAs, company secretaries

The Bill was introduced in the Lok Sabha last week.

Centre introduces Bill to strengthen disciplinary process of CA, CS Acts

The Bill proposes a time limit for resolving cases under investigation

ICAI to soon get powers to act against erring partnership firms

Chartered accountants' apex body ICAI will soon have powers to initiate disciplinary action against erring partnership firms as well

Govt introduces bill in LS to amend laws governing CAs, company secretaries

FM Sitharaman, who moved the bill, said that on account of changes in the country's economic and corporate environment, it has become necessary to amend the Acts

ED arrests CA in Hyderabad for aiding shell cos launder funds to HK

Ravi Kumar, a CA with HAR Associates, was arrested by the federal probe agency under the provisions of the Prevention of Money Laundering Act (PMLA)

Not here to regulate everything, says SC on CA exam application

A bench of Justices A M Khanwilkar and C T Ravikumar also questioned the applicant as to why he has filed a miscellaneous application in a writ petition which was disposed of earlier by the apex court

CAs need to introspect to revive credibility of the profession: Goyal

Goyal reiterated that if CAs of the country decide to work honestly and become whistleblowers, then they can change the face of the nation

New whistleblowing law: CAs scramble to figure NOCLAR as deadline nears

The burden will be on individual accountants to report violations from April 2022

ICAI against exempting small firms from mandatory statutory audit

Says NFRA has no jurisdiction over MSMEs

Candidates who opted-out of CA exam in July will not lose opportunity: ICAI

Candidates who opted-out of the CA exam conducted in July because of COVID-19 related difficulties will not lose any opportunity, the ICAI told the Supreme Court on Thursday.

Union Cabinet approves signing pact between ICAI, CAAR to build cooperation

The Union Cabinet on Wednesday approved the signing of a memorandum of understanding between chartered accountants' apex body ICAI and Chamber of Auditors of the Republic of Azerbaijan (CAAR).

Candidates can opt out of CA exams if they suffer from Covid: SC

SC observed that the scheme provided by the Institute of Chartered Accountants of India (ICAI) is not enough

Can't tweak rules, or give undue relaxation due to Covid: SC on CA exams

The exams are set to start from July 5.