Transformation of audit services with AI
Recently, NFRA and ICAI have declared that the regulatory bodies have proposals to sync the auditing standards to increase quality. Globalisation enters the technological advancement and auditing process. The auditing standards of ICAI and NFRA are different. The domestic laws and provisions are tailored to the needs of the domestic business partners. Manpreet Singh Ahuja […]
Can a CA become a full-time investor?
The investment is the area of interest for the auditors, analysts and accountants. Finance professionals are inclined towards investment, regulatory changes, compliances, tax laws and legal laws. Chartered accountants handle the quarterly, half-yearly and annual results. The financial results and auditors’ reports are the parameters to know the growth and risk factors in the company. […]
What do students learn in the UPSC commerce and accountancy syllabus?
In the UPSC examination, the students can select one optional subject from 48 subjects. Candidates with professional qualifications and finance experience have a strong foundation in commerce. It is easy for chartered and cost accountants to understand the advanced-level topics in the UPSC mains. The data from five years of statistics of UPSC examination reveals […]
New scheme of ICSI
Private and public companies adhere to the rules, regulations and laws. Company secretaries are professionals with an intense knowledge of laws, securities, and corporate governance. Companies should maintain ethical standards and follow compliance. The demand for a company secretary is rising. However, the supply of the company secretaries is comparatively low. The reason for the […]
Internship with SEBI
The Securities and Exchange Board of India regulates the securities market in India. In 1988, the Government of India established the SEBI. In 1992, the non-statutory body was declared as the statutory body. The professionals working in SEBI promote investment, and investor’s interest, and regulate and develop the securities market. The eligibility to work in […]
Experience in the private sector helps for government jobs in India
Regulatory bodies are the authorities which by statute, regulations, rules and code of practice are entitled to investigate, regulate and influence the finance and legal system in the country. Regulatory body strengthens the standards in different sectors. The following operations explain the role of a regulatory body in the country: promoting fair trade, protecting customers, […]
MCA Report on Cost Audit
The purpose of auditing in companies is to produce the auditor report for regulatory bodies. All listed companies submit the auditor’s report. The regulatory bodies and investors believe in the financial performance and the audit report from the auditors. In a broad view, apart from statutory audits, the companies conduct internal audits, tax audits, cost […]
New Model for CA firms
In India, the CAs working in the domestic audit firms cannot work as partners in the Big Four firms. Employment and independent practice are the two routes with the same destination for a CA professional. ICAI and MCA are changing the guidelines to the LLP Act to make domestic CA firms global and competent. LLP […]
The success of siblings in the CA examination
CA examination is one of the toughest examinations that requires motivation and hard work. In 2021, Nandhini Agarwal set a Guinness world record. Nandhini made a record by clearing the CA examination with AIR1 at a young age. She is the youngest female chartered accountant in the world. The secret behind her success is her […]
The new president and office bearer of ICMAI
ICMAI elected the 67th president on 22nd, July 2024. The election was held in New Delhi. CMA Bibhuti Bhusan Nayak has over thirty years of experience in cost and management accountancy. He is the proud cost accountant from Odisha with a crown of third cost accountants from the state. TCA Srinivasan Prasad is the new […]
