Professional Resource News

ICAI releases Exposure Draft on Initial Application of IFRS 17 and IFRS 9

04 August 2021 at 06:40

ICAI has released the Exposure Draft on the Initial Application of IFRS 17 and IFRS 9 - Comparative Information Proposed amendment to IFRS 17. Comments on the ED may be submitted electronically or via email or post by 3rd September 2021.

Posted in Professional Resource | 1608 Views

PM launches digital payment solution e-RUPI

03 August 2021 at 06:29

Prime Minister Shri Narendra Modi launched the digital payment solution e-RUPI, a person and purpose specific digital payment solution, on 2nd August 2021 via video conference. e-RUPI is a cashless and contactless instrument for digital payment.

Posted in Professional Resource | 6429 Views

ICAI President's Message - August 2021

02 August 2021 at 05:42

CA. Nihar N. Jambusaria - President, ICAI's August 2021 message for members and students.

Posted in Professional Resource | 1 comments | 9105 Views

ICAI | Clarification on spending of CSR funds for COVID-19 Vaccination by MCA

01 August 2021 at 07:29

MCA has clarified that spending of CSR funds for COVID-19 vaccination for persons other than the employees and their families is considered to be an eligible CSR activity under items no (i) and (xii) of Schedule VII of the Companies Act, 2013.

Posted in Professional Resource | 6027 Views

ICAI releases Exposure Draft of Disclosures of Accounting Policies

30 July 2021 at 18:44

ICAI has released the Exposure Draft of Disclosures of Accounting Policies - Amendments to Ind AS 1, Presentation of Financial Statements. Comments on the same may be submitted either electronically or via email or post by 31.08.2021.

Posted in Professional Resource | 1971 Views

ICAI releases the 12th edition of the Code of Ethics for its Members

27 July 2021 at 06:31

ICAI has released the 12th Edition of the Code of Ethics for its members. The revised edition of the code has come into effect from 1st July 2021. Download links of the three volumes of the Code has been given in this news piece.

Posted in Professional Resource | 2499 Views

ICAI further extends validity of Peer Review Certificate in the wake of COVID-19 spurt across the country

22 July 2021 at 20:50

ICAI has further granted relief to practice units by extending the expiry date of peer review certificate having original expiry date falling anytime from 1st July 2021 to 31st July 2021 till 31st August 2021.

Posted in Professional Resource | 1506 Views

ICAI issues ED of revised IFRS Practice Statement - Management Commentary

17 July 2021 at 07:29

ICAI has released the Exposure Draft of revised IFRS Practice Statement - Management Commentary. The purpose of this ED is to obtain feedback on the IASB’s proposals. Comments on the same may be sent to ICAI by 1st October 2021.

Posted in Professional Resource | 2181 Views

Cabinet approves MoU between Institute of Cost Accountants of India and the ACCA

09 July 2021 at 05:50

This MoU will lead to a focus attention towards the exchange of knowledge and exchange of research and publications, which will strengthen good governance practice in both jurisdictions.

Posted in Professional Resource | 2 comments | 3792 Views

ICAI amends Form 18 - Particulars of Offices and Firms

09 July 2021 at 05:43

Under the amended Form 18, ICAI has allowed Multi Disciplinary Partnership Firms together with the partnership of CAs with CMAs, CSs, advocates, Engineers, Architects and MBAs.

Posted in Professional Resource | 9396 Views