ICSI National Awards
ICSI conducted the 23rd National Awards for excellence in corporate governance on 5, January, 2024. The stage for the function was at the national capital, Delhi. The Lok Sabha speaker Om Birla addressed the gathering with an inspiring message. He said that company secretaries play a crucial role in shaping corporate governance. The nature of […]
Auditor appointments in Banks and NBFC
Commercial banks operate as scheduled and non-scheduled banks. The Banking Regulation Act, of 1949 regulates commercial banks. Scheduled banks are defined in the 2nd schedule of the RBI Act. The banks not listed in the 2nd schedule of the RBI Act are the non-scheduled banks. Urban co-operative banks offer services to semi-urban and urban areas. […]
ICMAI global summit
Beyond profit maximisation, cost accountants’ role in corporates is towards sustaining ecology says ICMAI. The summit talks about the contribution of data science, ML and AI to accomplish ESG strategies. Cost accountants provide the statistics and data to the management team. The management team takes input from the cost accountants before decision-making. The global summit […]
Clarifications on Advanced IT training to CA students
In December 2023, ICAI released an announcement to the CA students. CA students are entering into the new syllabus this year. The ICAI announcement provides valid points about the advanced-level ICITSS course from ICAI. The old course had different subjects in the IT course. The students from the conversion scheme would have completed the GMCS […]
Competition between CA and CMA: a real-time case study
Chartered accountants handle statutory audits and GST audits. In companies, cost accountants take care of the cost and internal audit. Statutory audit is according to the compliances set by the government. As both professionals work in top management, there is tough competition between the two positions. The blog talks about a recent case that came […]
E-commerce and Indian tax system
International business and tax evaluation is a challenge to the Indian government. The Indian government welcomes foreign direct investment and constantly monitors the international establishment. In October 2023, the Indian tax department had examined around 40 solar modules. These modules are made in China and distributed in India. The reason behind this operation is the […]
2023 Top CEO
CEO is the position that monitors the overall growth of the company. In large corporations, the CEOs handle the high-level strategic decisions. Satya Nadella is the CEO of Microsoft. He is the CEO with an Indian native and a high market cap. His wealth is around $1920 BN. Google CEO is in the second position […]
Partner lay-off at EY, USA
EY has recorded the global combined revenue for June 2023 as US$49.4b. EY is investing in the latest technologies, innovation, and partnerships. The partner layoff is the hot news that shows the change in the business model of EY. The blog takes a tour of the walk of the big four firms. The global accounting […]
ICSI comments about social media
ICSI students had concerns with the June 2023 results. The students have taken the issue to social media. ICSI warned the students and denied the thoughts of the students. The students commented on the results as a matter of disciplinary action. The ICSI has advised the students to maintain determination and follow discipline to be […]
Technical guide for form GSTR-9C
GSTR 9 is the reconciliation statement that checks the automated and audited annual turnover. The taxpayer submits the GSTR–9C form. The submission is for a self-certification of tax liability. If there is additional liability, the taxpayer uses FORM DRC-03 to pay it. The latest updates with the GSTR-9c form are in this blog. A […]
