When does India celebrate Chartered accountants day?
Chartered accountants day or CA day 2022 celebrates the contribution of ICAI in the fields of professional development, education, maintenance, auditing and ethical standards. First July is celebrated as CA day by Chartered accountants in India. Since the incorporation of the chartered accountant’s Act, 1949, CA day has been celebrated in India. To add diamonds […]
What do students learn during the BRSR course after completing CA?
The general idea of a professional course is that it provides complete knowledge. Then, why do students join the BRSR course after completing CA? SEBI recently made it mandatory to submit BRSR for companies performing well in the capital market. The members of ICAI learn the post-CA courses to understand the specialised knowledge. Practical knowledge […]
Supreme Court’s View on GST
Supreme Court said that the stability of the taxation system raises serious questions from the taxpayers. The court instructs the GST council to find out a workable solution. The import tax case from Gujarat high court brought the issue to the desk. There are critics of the GST in the parliament by the opposition party. […]
Is there scope for girls in the chartered accountancy profession?
The data from the ICAI president states that there is a moderate increase in female students from the year 2011 to 2021. Earlier, the percentage stood at 36.54, and now it is 45.48. After the pandemic, the low profile jobs and high profile jobs are moving up. During the pandemic, the sectors like e-commerce, and […]
Why there is high demand for CFO?
The questions posed by the job market watchers are as follows: Why do people want to be CFOs? Is CFO a good position? Andwhy your business needs a CFO? The fact is that the high demand for CFOs creates career opportunities. Deloitte, a multinational professional services network, says that the role of a CFO has […]
SEBI formed an ESG committee for ESG matters
SEBI committee members come from the Union government of India, officers from the union finance ministry, and the Reserve bank of India. In May 2021, SEBI announced that the BRSR report is mandatory for companies holding the first 1000 places in the stock market. This report makes the ESG parameters of the company’s public information. […]
Cost accountants institute seeks permission to audit MSME
Financial audits or internal audits of banks, MSME units and private limited companies need government approval. ICMAI president P. Raju Iyer said that the institute is waiting for government approval. Cost accountants seek permission to conduct a financial audit. It promotes competition and creates value for the services. This blog engages the readers with interesting […]
Auditor view about CARO 2020:
Applicability of CARO – Companies auditor’s report order comes under section 148 of the Companies Act, 2013. CARO reporting model had brought challenges to the auditors. Auditors are unable to assess the uncertain amounts. This uncertainty led the auditors to do a detailed analysis of CARO 2020 Part – I. The future capabilities of the […]
ICAI opposed the amendments in the CA bill
ICAI explained the practical challenges in accepting the Loksabha bill. The bill enhances the disciplinary mechanism followed by ICAI. December 2021 was the date of the introduction of the bill. The parliamentary committee headed by Jayant Sinha underscored the domain of ICAI. ICAI think that the domain gets affected because of the new course IIA […]
ICAI hosted “Accountants Kumbh” for the first time in India
The year 2022 holds up the memory of the ICAI celebration for the first time in 118 years. The world congress of accountants is the accountants Kumbh hosted in India. On April 30, the institute has a program skill enhancement course for commerce students (TEL). The students can also listen to the virtual speech of […]
