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Tag Archives: ICAI

ICAI President’s Message – May 2020

ICAI President's Message - May 2020

  My dear Professional Colleagues, In the words of ICAI Past President, CA. P.A. Nair – “no efforts should be spared in justifying the confidence reposed in us by the society. This calls for independent, objective, honest and impartial attitude on the part of each one of us.” ICAI has sailed through …

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ICAI announces mock test series for July 2020 examinations

ICAI announces mock test series for July 2020 examinations

Board of Studies of ICAI is commencing the Mock Test Papers (Series-1) from May 11 till 27, for July 2020 CA Foundation, IIPC & Intermediate ; Final Old & New examination. Complete schedule of these mock tests can be accessed/viewed at: https://www.icai.org/post.html?post_id=16495 In view of the prevailing COVID-19 pandemic and the ongoing …

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ICAI issues advisory for Statutory Bank Branch Auditors

ICAI issues advisory for Statutory Bank Branch Auditors

Advisory for Statutory Bank Branch Auditors   Specific Considerations while conducting Distance Audit / Remote Audit / Online Audit of Bank Branch under current Covid-19 situation  Dear Professional Colleagues,  We hope this communique will find you safe and healthy. We are sure that by now most of us must have …

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CA exam 2020 postponed again: Know important ICAI announcement

CA exam 2020 postponed again: Know important ICAI announcement

The Institute of Chartered Accountants of India (ICAI) has further postponed CA exams including for CA Foundation Course (under new scheme), CA Intermediate (IPC) Course exams (under old and new scheme) and CA Final course examinations (under old and new scheme).  “In continuation to the Important Announcement dated 27th March, …

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ICAI relaxes requirement of communication with retiring Auditor (Read Announcement)

ICAI relaxes requirement of communication with retiring Auditor (Read Announcement)

The Institute of Chartered Accountants of India (ICAI) relaxes requirement of communication with retiring Auditor due to prevailing conditions of lockdown.   ICAI,on Friday has announced that members may communicate with the retiring auditors with the Retiring Auditor vide E-mail. At present,ICAI Code of Ethics, 2009 requires that an incoming auditor …

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CA can not mention quantum of fees: ICAI issues advisory

CA can not mention quantum of fees: ICAI issues advisory

The Institute of Chartered Accountants of India (ICAI) has issued an advisory that Members of ICAI can not mention quantum of Fees (including free of charge), whatsoever, by members in any Advertisement of services or posting of particulars. Certain concerns have been raised by members as to whether it is …

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COVID-19: ICAI Launched Virtual Courses to provide Learning at Doorstep

ICAI Launched Virtual Courses to provide Learning at Doorstep

In these unprecedented times of COVID-19 outbreak, the novel coronavirus has swept over 190 plus countries putting a serious threat to the entire mankind. A potent solution appears to be social distancing to contain the spread of the virus and we are moving towards a world wherein most of the …

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ICAI invites comments on Exposure Draft on Covid-19-Related Rent Concessions- IFRS 16, Leases (Read Draft)

ICAI invites comments on Exposure Draft on Covid-19-Related Rent Concessions- IFRS 16, Leases

The Institute of Chartered Accountants of India (ICAI) has invited comments on Exposure Draft on Covid-19-Related Rent Concessions (Proposed amendment to IFRS 16, Leases). As a result of the deadly Covid-19 pandemic, many lessors around the world have provided, or are expected to provide, rent concessions to lessees, as a …

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