Corporate Affairs Secretary Injeti Srinivas said now there is critical mass for having a national institute for valuers on the lines of the ICAI
The NFRA has alleged it is not getting from the ICAI the details of auditing firms and professionals it has asked for
Chartered accountants' apex body ICAI Friday withdrew an announcement regarding applicability of rotation of auditors at companies, following a directive from the corporate affairs ministry. In a rare instance, the ministry told the Institute of Chartered Accountants of India (ICAI) to "immediately withdraw" the announcement and also provide reasons for making such an announcement, according to a letter. On January 29, the ICAI issued a clarification on applicability of rotation of auditors under the Companies Act, 2013. Under the Act, implemented by the ministry, certain class of companies are required to rotate their auditors and there is also a cooling off period to be followed by the auditors. In a communication on Friday, the ICAI said announcement regarding clarification on applicability of rotation of auditors issued on January 29 has been withdrawn. "The Corporate Laws & Corporate Governance Committee had issued the announcement regarding clarification on the applicability
ICAI today released CA Intermediate (IPC) (Old) Examination and Intermediate (New) Examination results. Here's how you can check CA Results 2018
ICAI today released CA Foundation 2018, CA Final 2018 results on the official websites - icai.org, careresults.icai.org and icaiexam.icai.org. Here's how you can check CA Results 2018
Once the NFRA starts investigating cases against listed entities and big unlisted corporates, the ICAI will lose the power to look into these companies and their auditors
The government is setting up the NFRA to take up cases against auditors
The Supreme Court said Amrapali Group of companies has played a "big fraud" by diverting money collected from home buyers to other firms and the "big racket" behind this has to be unearthed
In a letter to the Ministry of Corporate Affairs, the ICAI had stated that even the appointment of the chairman of the NFRA came to its knowledge from media reports
Along with the CA result, the all-India merit list (up to the 50th rank in the case of final and foundation examination) will be made available
The CA aspirants can also check the ICAI CA intermediate result 2018 at Caresults.icai.org, Icai.nic.in and check the CA result via SMS. Check details here
Along with the CA result, the all India merit list, up to the 50th rank in the case of final and foundation examination only, will be made available
There are several small banks that don't have proper means to appraise loan proposals, in such cases, a central agency to look at the these proposals will play a better role
Rule 11UA provides for determining the fair market value of various specified assets under Section 56 of the Income-tax Act, 1961
The allocation of work should be in agreement with the management of the bank, said ICAI
Internationally, also independent regulators have been assigned these functions in over 50 countries
YES, Axis, ICICI recently reported NPA figures for FY16 that were in variance of RBI's estimations
RBI has asked banks to make the process of appointing statutory branch auditors fair
Action against auditors, last of the 276 recommendations of a JPC probing Ketan Parekh scam, still pending
Under the existing pattern (of admission test), students are depending too much on private coaching centres.