ICAI submitted the pre-budget memorandum to the Indian government. The suggestions from ICAI for direct and international taxation are in the memorandum. The improvisation is visible in the tax collection, litigations, rationalising the tax laws, tax evasion, and administrative procedures for direct tax by incorporating the suggestions mentioned by ICAI. The pre-budget memorandum educates about…
ICAI is conducting a detailed research about virtual currency. Earlier, ICAI has also expressed consent to using blockchain technology in auditing. In India, there is a 30 per cent of tax for cryptocurrency trading. The Indian government is encouraging the crypto market as there are participants from other countries around. Crypto audit and other firms…
Arunachal Pradesh, Manipur, Assam Meghalaya, Nagaland, Mizoram, and Tripura are the northeast states in India that face the issue of migration from other countries. The issues that come after the migration are unemployment, communal conflict and political unrest. NRC stands for National Register of citizens. NRC, Assam was a company created in the year 1951….
By learning the chartered accountancy course the student understands financial statements and tax calculations. Finance is changing as per the evolving trends. Knowledge is not power. The application of knowledge is power. In the modern world, inflation is high. We get data for all the transactions. The point is to use the data in a…
The accounting system is recording day to day transactions and prepares statements. Auditing is checking the final statements and preparing an audit report to convey the company’s financial position to the stakeholders. Auditors do the sample test with a random statement. Depending upon the facts and evidence, they prepare the reports. Auditors understand the different…
In the year 2016, ICMAI introduced a syllabus. The old syllabus of CMA belongs to the old law and business processes. CMA’s new syllabus will come into practice in 2023. CMA’s old syllabus is about to come to an end. The students enrolled in the old syllabus complete the CMA course between June and December…
ICMAI seek permission from the government of India to do cost audit for MSME companies. As per global standards, there is a necessity for conducting a financial audit for MSMEs. ICMAI conducts research programmes. It has 5 lakh students and 90,000 members. According to the previous year’s law, MSMEs with 5 crores of turnover will…
Students wanting to study CA, CMA and ACS prefer online classes. The reason is physical strain, expenses, and time management. The features of RR Academy online classes are regular classes, backup classes, recorded classes for revision and online tests. The blog starts with challenges in professional education and highlights the features of standard CMA online…
ICAI: open audit industry under FTAs reciprocally implies the business opportunity for international and Indian auditors. The president of ICAI, Debashis Mithra, said the above statement at a gathering. The institute is checking the pros and cons of the recommendation. The Big four firms that operate in foreign countries are enjoying high revenue. EY India…
As the New Year is booming with new subjects. Let us shed light on a new subject that intrigue the readers. Auditing is a traditional subject, and it requires timely changes. Data analytics is a new technology and its benefits are to multiple industries. ICAI is introducing data analytics to the students through subjects, webinars…
