The UK thinks about new audit rules
In the UK, lawmakers and practitioners of auditing want to restructure the audit rules. The framework used for internal control functions is with a motto to reduce risk and improve income. The competition with private companies increases because of the transparency in the operations. The reporting format, auditing process, and governance will increase the competition […]
Public comments requisition for new training scheme of CA
The proposed scheme of education and training requires changes. The chartered accountant’s act, 1949. Part III of section 4, dated 2nd June 2022, is published on the ICAI website. The institute is seeking public comments regarding the changes. Academicians and members can submit feedback with personal details through the form. The form registers the name, […]
Post Qualification Experience Mandatory for CA
ICAI had made changes to receive the certificate of practice. After completing CA, a student needs to work under an FCA. If the experience is before the application for the certificate, it is not considered. What is a post-qualification experience? Is this the question that cracks the member’s mind? Post qualification is after the completion […]
CMA Syllabus 2023
The syllabus introduced in the year 2016 has changed. The syllabus and question paper pattern propels the changes. The syllabus was modelled as per the International Federation of accountants, international educational guidelines and IAESB. Business laws and ethics, financial accounting, direct and indirect taxation, and cost-accounting are the subjects in CMA group one. CMA intermediate […]
When does India celebrate Chartered accountants day?
Chartered accountants day or CA day 2022 celebrates the contribution of ICAI in the fields of professional development, education, maintenance, auditing and ethical standards. First July is celebrated as CA day by Chartered accountants in India. Since the incorporation of the chartered accountant’s Act, 1949, CA day has been celebrated in India. To add diamonds […]
What do students learn during the BRSR course after completing CA?
The general idea of a professional course is that it provides complete knowledge. Then, why do students join the BRSR course after completing CA? SEBI recently made it mandatory to submit BRSR for companies performing well in the capital market. The members of ICAI learn the post-CA courses to understand the specialised knowledge. Practical knowledge […]
Supreme Court’s View on GST
Supreme Court said that the stability of the taxation system raises serious questions from the taxpayers. The court instructs the GST council to find out a workable solution. The import tax case from Gujarat high court brought the issue to the desk. There are critics of the GST in the parliament by the opposition party. […]
Is there scope for girls in the chartered accountancy profession?
The data from the ICAI president states that there is a moderate increase in female students from the year 2011 to 2021. Earlier, the percentage stood at 36.54, and now it is 45.48. After the pandemic, the low profile jobs and high profile jobs are moving up. During the pandemic, the sectors like e-commerce, and […]
Why there is high demand for CFO?
The questions posed by the job market watchers are as follows: Why do people want to be CFOs? Is CFO a good position? Andwhy your business needs a CFO? The fact is that the high demand for CFOs creates career opportunities. Deloitte, a multinational professional services network, says that the role of a CFO has […]
SEBI formed an ESG committee for ESG matters
SEBI committee members come from the Union government of India, officers from the union finance ministry, and the Reserve bank of India. In May 2021, SEBI announced that the BRSR report is mandatory for companies holding the first 1000 places in the stock market. This report makes the ESG parameters of the company’s public information. […]
