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Four more Auditing Standards approved
25 December 2008 at 14:37Revised Auditing Standards on Fair Value, Audit Sampling, Related Parties and Opening Balances The Council of the Institute in its recently concluded 283rd meeting has approved four more Standards on Auditing. These SAs relate to important aspects in
New definition of Charitable Purpose
24 December 2008 at 14:42Definition of 'Charitable purpose' under section 2(15) of the Income-tax Act, 1961Section 2(15) of the Income Tax Act, 1961 ('Act') defines "charitable purpose" to include the following:-(i) Relief of the poor(ii) Education(iii) Medical relief, and(i
ICSI unveils new logo for members
24 December 2008 at 14:11The Vice President of India unveiled the New LOGO of the Institute of Company Secretaries of India (ICSI) and the logo to be used by Company Secretaries. This new logo of the Institute of Company Secretaries of India (ICSI) stands for stability and i
Ministry of Corporate Affairs marching ahead on the path of reforms
23 December 2008 at 12:08LIMITED LIABILITY PARTNERSHIP BILL PASSED BY THE PARLIAMENT, NEW COMPANY LAW BILL INTRODUCED, COMPETITION COMMISSION BEING CONSTITUTED FULLY.... In the wake of the current global economic scenario, most of the countries are passing through turbulence
Compliance of CPE Credit Hours for the Calender Year 2008
22 December 2008 at 13:35Members holding Certificate of Practice (except those members who are residing abroad and senior members), unless exempted are required to : (a) complete at least 90 CPE cre
CAs to be restricted from taking non-audit work
18 December 2008 at 16:09The government will be preventing Chartered Accountants from offering consultancy and advisory services to the companies which hire them for auditing their accounts. This is being done to lend greater credibility to company accounts. The statutory au
ICSI National Award for Excellence in Corporate Governance - 2008
18 December 2008 at 13:42The Institute of Company Secretaries of India (ICSI) will be organizing the "ICSI National Award For Excellence in Corporate Governance" Award function for the year 2008 here tomorrow, the 20th December, 2008 at Vigyan Bhawan. Shri M. Hamid
Parliament Passes Limited Liability Partnership (LLP) Bill 2008
15 December 2008 at 12:02Parliament Passes Limited Liability Partnership (LLP) Bill 2008Parliament has passed the Limited Liability Partnership (LLP) Bill 2008. Lok Sabha today gave its ass
Internal Auditor cannot be appointed as a Tax Auditor
12 December 2008 at 15:54The Council in its 281st meeting held from 3rd October, 2008 to 5th October 2008 at New Delhi considered an issue arising from the Guidance Note on Tax audit under section 44AB of the Income-tax Act,1961 as to "Whether the internal auditor of an
Launch of new Accounting Technician Course!!
10 December 2008 at 02:09The Indian Accountancy profession has the distinction of not only being one of the largest in the world, but it is also one that has matured with the changing times. To add a new dimension to this profession, the Institute of Chartered Accountants of
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