The Ministry of Corporate Affairs amended the Rules 2014 of companies and introduced Rule 9B on October 2023. The rule reads that it is compulsory compliance for private companies to issue shares in dematerialised form under the Depositories Act, 1996. The last date for mandatory submission of dematerialised equity shares is September 30 2024. The…
Junior staff teams in the big four firms say senior team members allocate unprecedented workloads. The concern raises questions about the work culture in the Big Four firms. After the intensified backlash, the corporates are now focusing on the work-life balance. The corporates hire employees for physical and mental work. The mental stress and pressure…
Ford is the third largest manufacturer of cars around the world. In a recent meeting, the company said to the media that it plans to restart the manufacturing unit in Tamil Nadu after a two-year gap. Ford is the first auto manufacturer from America. The headquarters of Ford is in Dearborn, Michigan, USA. The company…
In business, the financial assets are in the form of cash, equity instruments, trade receivables, loans, and investments in venture funds, mutual funds, and preference shares, investments in commercial papers, T bills, credit-linked notes, market-linked debentures, bank balances and prepaid expenses. The financial liabilities are trade payables, redeemable preference shares, non-convertible debentures, intercompany loans, term…
Audit fees charged by the big four firms are higher than those of independent CA firms. Big Four firms operate in the partnership model. The partners of Big Four firms own tiny units of the company. The senior manager and director do not have ownership. The other professionals work for a salary. EY has around…
Recently, NFRA and ICAI have declared that the regulatory bodies have proposals to sync the auditing standards to increase quality. Globalisation enters the technological advancement and auditing process. The auditing standards of ICAI and NFRA are different. The domestic laws and provisions are tailored to the needs of the domestic business partners. Manpreet Singh Ahuja…
In the UPSC examination, the students can select one optional subject from 48 subjects. Candidates with professional qualifications and finance experience have a strong foundation in commerce. It is easy for chartered and cost accountants to understand the advanced-level topics in the UPSC mains. The data from five years of statistics of UPSC examination reveals…
Private and public companies adhere to the rules, regulations and laws. Company secretaries are professionals with an intense knowledge of laws, securities, and corporate governance. Companies should maintain ethical standards and follow compliance. The demand for a company secretary is rising. However, the supply of the company secretaries is comparatively low. The reason for the…
ICMAI president CMA Ashwinkumar G. Dalwadi, CMA Hima Vidya Sanagavarapu and Dr K.CH.A.V.S.N. Murthy the central council member addressed the media in Hyderabad on 20th of April 2024. The president of ICMAI said that the role of cost accountant had undergone a drastic transformation. The reason for the transformation is the changing business environment. Cost…
The Supreme Court released the justice that was on debate. The judgement is about the rule from ICAI. Clause six of Chapter VI from ICAI talks about the number of tax audits assigned to a chartered accountant. The matter was on the debate as it is related to the fundamental rights of a citizen. The…
