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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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 […]
Fee waiver for north-eastern states from ICAI
ICAI announces fee waiver in registration course fee for CA. The notification dated 19-9-19 states that ICAI extends fee waiver in registration course fees to other states. For union territories such as Ladakh, Jammu and Kashmir and north-eastern states waived off 75% fee concession – ICAI. The institute is also planning to open a new […]
ICAI Clarification about GEM Portal
The goods and services of government departments are purchased and sold with the GeM portal. The ethical standards board of ICAI published on the 4th of March, 2022, regarding the clarification required for the chartered accountants. As chartered accountants work with the internal audit department of the government, and do an independent audit as statutory […]
