Guidelines for members to complete their CPE activities The Institute of Chartered Accountants of India has issued a notification u/s 15(2)(fa) of the Chartered Accountants Act, 1949 (as amended by the Chartered Accountants (Amendment) Act, 2022) regarding the “Statement on Continuing Professional Education, 2023.” The statement, introduced at the 426th Council meeting of ICAI, outlines …
ICAI Disciplinary Action on Chartered Accountant for False Declaration on INC-22 ICAI has imposed significant disciplinary measures on CA for professional misconduct. The CA has been debarred for 90 days and fined Rs. 20,000 due to false declarations made on the e-form INC-22 using rental agreements and utility bills. This case, concerning the financial year …
Byju s auditor Deloitte RESIGNS!-Byju’s seems to be in deep deep trouble! This comes at a time when 3 KEY-BOARD MEMBERS have also dropped their resignations due to differences with Byju Raveendran on key operational issues. The Company’s financial statements for the fiscal year ended March 31, 2022, are far behind schedule. Additionally, we have …
ICAI mandates Peer Review Phase II to be implemented from 01/04/2023 ICAI Practice Units may start & complete Peer Review of their firms on or before December 31, 2022, if the certificate they have been issued does not indicate the date that perhaps the certificate is valid. Peer Review Mandate – Phase II Roll Out …
NEW ADDITIONAL REQUIREMENTS INCLUDING IN THE CARO 2020 REPORTING AFTER ON CONSULTING ON WITH THE NFRA Statutory Auditor’s Report (CARO 2020) shall include a statement a New Reporting Requirements The existing COVID-19 pandemic affects not only public health but also the financial system as a whole. Public safety measures in place, although necessary are a …
ICAI Advisory released the 2019-20 Branch Audit of PSBs Bank In COVID -19 Gist from the ICAI Advisory released the 2019-2020 Branch Audit of PSBs Bank & Present Position of Branch Statutory Auditor Audit Conduct during this COVID -19 Pandemic Scenario The essence from the ICAI Advisory published the PSBs Bank & Circular Branch Audit …
APPOINTMENT OF STATUTORY AUDITORS AND THEIR SERVICES UNDER THE COMPANIES ACT, 2013 Section 139, 141,142, and 144 of the Companies Act, 2013 and the Companies (Audit and Auditors ) Rules, 2014 deal with the appointment of Auditors, the criteria to become Auditors, and payment of their remuneration, etc. The new Act has not simplified the …