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 […]
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 […]
What is the DISA course from ICAI?
DISA course is formerly named as ISA 3.0 course. In the digital era, the computer skills are helping the professionals to gain more opportunities. The blog highlights the syllabus and preparation tips for the DISA course. DISA is a technical course that offers knowledge about information system audit 3.0. The course enhances the opportunities to […]
Research in Corporate Governance
ICSI in association with NALSAR University of Law organised the first conference in the arena of corporate governance. The name of the conference is Corp Con 2024. At the National conference, the ICSI president CS Manish Gupta explained the importance of research in corporate governance. He said the National Conference brings the advocates, legal experts, […]
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 […]
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 […]
