ICAI opposed the amendments in the CA bill
ICAI explained the practical challenges in accepting the Loksabha bill. The bill enhances the disciplinary mechanism followed by ICAI. December 2021 was the date of the introduction of the bill. The parliamentary committee headed by Jayant Sinha underscored the domain of ICAI. ICAI think that the domain gets affected because of the new course IIA […]
ICAI hosted “Accountants Kumbh” for the first time in India
The year 2022 holds up the memory of the ICAI celebration for the first time in 118 years. The world congress of accountants is the accountants Kumbh hosted in India. On April 30, the institute has a program skill enhancement course for commerce students (TEL). The students can also listen to the virtual speech of […]
Why is it crucial to do the ACS final course with RR Academy?
The CS institute has deleted three subjects from the CS syllabus for June 2022. The new syllabus 2017 has forensic audit, valuations, business modelling and direct tax and practice. The finance act 2022 to 2023 is applicable for advanced tax laws module one paper. Students writing in June 2022 need to know about the notifications, […]
What is a stock audit in banks?
The inventory level of the bank is calculated through the stock audit. The current asset is the sum of the inventory and debtors. Current assets have the nature of long term calculation and change only within one year. The stock movement is essential as it leads to less cash flow and less profit. The stock […]
Regulations – Changes in the Liquidation Framework
In the regime of insolvency, the frameworks change as per the challenges. It provides verified financial information for a quick process. Section 59 deals with voluntary liquidation. The corporate person’s liquidation process is not defaulting, and they remain silent on the midway closure. The companies act, of 2013 does not pay the way for voluntary […]
ACCA New Course from RR Academy
RR Academy is delighted to inform the students about the new course. RR Academy is planning to offer the global certification course ACCA. In near future, the students may enthral the job market with ACCA certification. The eligibility criteria are the same as like CA for ACCA. After completing plus two, students can join the […]
ICAI signed MOU with school education, Kashmir
ICAI had recently signed MOU with the Directorate of school education, Kashmir. The agreement is for encouraging commerce education with students of government schools. The students of Kashmir valley work with the central university of Jammu and Kashmir, Jammu and Kashmir service selection board, Indian institute of integrative medicine, Jammu, SKUAST, Shri Mata Vaishno Devi […]
CARO 2020 reporting changes from ICAI
After the discussion with NFRA, ICAI’s guidance note on CARO 2020 of MCA, has amendments to the reporting requirements. The CARO 2020 – Enhanced reporting explains exclusively about the statutory audits. The audit order is suitable for companies that fall under CARO 2016. If the borrowings are less than one crore, paid-up capital is less […]
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Parliament passes the CA/CMA and ACS bill
CA, CMA & CS (Amendment) Bill, 2021 regulates the existing act with amendments. The Chartered accountancy act, 1949, the cost and works accountants act, 1959, and the Company secretary’s act 1980 express professional ethics. Parliament passed the bill with changes to these acts. Misconduct in the profession is the area of focus. The three professional […]
