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 […]
Changes to the CA Curriculum with the Public Suggestion
The new president of ICAI, DebashisMitra said that the new curriculum will reflect the suggestions from international education standards, the committee for review of education and training, and the views of corporate heads and eminent academicians. The new education policy wants a standard education system with the incorporation of technological advancement, multi-disciplinary case studies, application […]
Why are big four companies leaving Russia?
The invasion of Ukraine by Russia created changes in the network of Big Four Companies. Western Companies are leaving Russia due to the unprecedented scenario between Ukraine and Russia. The media says that Deloitte is in the transition of exit, PWC is also in the plan of exiting, and KPMG says that it is uncertain […]
What is the idea behind IIA?
Engineering and management students have high-level courses such as IIT and IIM. IIA is a high-level course for accounting students. Indian Institute of accounting, IIA recommended by parliament panel for producing high-level professionals. CA is the brand name that earns respect from the holder. The value of IIA is determined by the entrance examination, corporate […]
ICAI disciplinary committee suspended PWC former auditor
The recent news which upheld the audit quality is the suspension of the auditor of Big Four Firm. The auditor expresses the financial position of a company at a given date. The skills of Indian chartered accountants get trained in a challenging environment. Big four Companies collaborate the Indian talents with foreign expert teams. The […]
SEBI orders for the forensic audit of Bright Com group:
Bright Com is a digital marketing company with global partners. The name of the company changed four times. Previously, the same company was named Lycos internet. The operations of the digital marketing company work for the global reach. The company owns publishers, agencies and businesses worldwide to reach the global population. EY audited only forty […]
The changes with advanced IT and soft skill training from ICAI
The ITSS and Advance level ITSS training are before and after practical training. The first training is after CA intermediate and before practical training. The second level of practical training is after two years during the CA final. The period of training is two weeks. The advanced level course has a practical implication. Here the […]
