The FRRB of ICAI
The financial reporting review board of ICAI review the financial reports of the listed enterprises. The views of FRRB play a key role in improving the practices related to financial reporting. The edtech Byju was in the news for the financial reporting and tax payment. The president says the apex body gives inputs and guidelines […]
RR Academy model of CA Foundation:
RR Academy physical classes have some unique features like morning classes, classes with a gap of four hours, regular classes, counselling to students about negative results and less than 50 class strength. The blog talks about the advantages of taking a four-month CA foundation program at RR Academy. Many students wish to take online classes […]
CAs from the UK and Canada
ICAI’s new president Ranjeet Agarwal said in a recent statement that the demand of CAs may go up to 30 lac by 2047. Earlier President of India, Droupadi Murmu also said that by 2047 the number of women chartered accountants would be half of the total number of chartered accountants. She said this statement during […]
Self-paced examination
After completing the Intermediate-level CA students undergo article ship training. The dream of many CA students after the CA intermediate level is to get trained by a Big Four firm. The students prefer to work for two years in the statutory audit department. The statutory audit experience helps in understanding the crucial part of auditing. […]
ICAI handbook
ICAI released a handbook for auditors to address the mistakes in financial reporting. The ICAI handbook has around 190 number of common mistakes and things to remember. The management team prepare the financial statements and reports. The internal auditor contributes to the preparation of financial reports. The external auditor expresses an opinion after analysing the […]
What is financial statement analysis in financial management?
Auditors and equity analysts use financial statements to understand the performance and liability of the company. The assumptions and predictions of professionals help in planning the future. The balance sheet, cash flow statement, and income and expenses statement educate the understanding of the financial position. The three types of financial analysis are horizontal, vertical and […]
CA FINAL paper six
The new scheme of ICAI emphasises technology and skill-based evaluation. The subject, objective and self-paced module questions test the real-time skills of the students. The self-paced module, MCQ assessment, IT papers, eBooks with audio features, BoS mobile app and virtual learning pay way to technology-based learning. The standards in the new curriculum are as per […]
The elected members of ICSI
The ICSI elected the new president and vice president. The company secretaries CS. B. Narasimhan and CS Dhananjay Shukla work as president and vice president. A blog is here to provide the details of a new team of ICSI management. ICSI has released a questionnaire stating the changes in the new syllabus and seeking the […]
Transfer price services in India
The taxpayer doing business with foreign countries should get a transfer price certificate. The chartered accountants sign form 3CEB under section 92E. The form has 25 clauses. The three parts of the clause are general information, international transactions, value and method employed, specified domestic transactions, method employed and value involved. The specified domestic transactions with […]
Why Chartered accountants adopt the latest technology?
The traditional accounting system is changing in the modern days. Machine learning and artificial intelligence are grabbing the attention of professionals in the accounting field. Machine learning, artificial intelligence, and data science are interrelated technologies. Machine learning acts as a link to create a connection between data science and artificial intelligence. Machine learning and artificial […]
