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Covid-19 Disruptions - ICAI Advisory on Accounting and Assurance related issues for F.Y - 2019-20 COVID-19, an infectious disease caused by a novel Coronavirus is exponentially spreading illness throughout the globe and has been recognized as a global pandemic by the WHO. The various governments..

Posted in Professional Resource |   1338 Views

Sub: Extension of validity of Peer Review Certificate in the wake of COVID-19 spurt across the country In the wake of COVID-19 spurt and nation-wide lockdown, the effective date of validity of Peer Review Certificate has been extended as hereunder: A. In case of Practice Units already hol..

Posted in Professional Resource |   571 Views

The COVID-19 pandemic marks an unprecedented time in modern history that will require the best of humanity to overcome. Little would have we realised the unfolding of epidemic like this, which situation is yet unfolding, and have brought the economic momentum to a much lower trajectory. Situation li..

Posted in Professional Resource |   533 Views

Important Announcement 27th March 2020 Subject: Restoration of Membership/COP of ICAI Dear Member, This refers to communication sent by the Institute regarding removal of Membership for the year 2019-20 due to non-payment of Membership Fee. You are hereby, requested to kindly file on..

Posted in Professional Resource |   855 Views

The ICAI in its announcement for members dated 23/03/2020 announced that the Institute has made a representation for extension of statutory due dates to avoid any inconvenience caused to its members due to COVID-19 outbreak. Here is what the announcement read, "In view of the prevailing circums..

Posted in Professional Resource |   328 Views

CIRCULAR All Heads of Departments/Secretaries to the Committees/Employees/Regional Heads Sub: Preventive measures to be taken to contain the spread of Novel Coronavirus (COVID-19) In continuation of the circular dated 20th March 2020 addressed to all heads of departments/secretaries to the co..

Posted in Professional Resource  3 comments |   1025 Views

As we all are aware of the outbreak of COVID-19 in our country, the Central Board of Indirect Taxes & Customs(CBIC) has taken some preventive measures to reduce the risk of exposure to COVID-19. Here are the initiatives that CBIC has taken: 1. Introduced 24*7 Customs clearances at all Customs..

Posted in Professional Resource |   4495 Views

The Institute of Chartered Accountants of India (ICAI) has always supported various initiatives &  schemes launched by the Government for the benefit of stakeholders & public at large. In its endeavour to reach to maximum number of Chartered Accountants & clear their doubts, ICAI th..

Posted in Professional Resource |   771 Views

Introduction 1. The Central Government, in exercise of the powers conferred, under subsection (11) of section 143 of the Companies Act, 2013 (hereinafter referred to as “the Act”), issued the Companies (Auditor’s Report) Order, 2020, (CARO, 2020/ “the Order”) vide Or..

Posted in Professional Resource |   1949 Views

ICAI issues advisory on Coronavirus

 13 March 2020 at 10:33

An Advisory by the ICAI Central Council regarding avoiding large gathering as a precautionary measure to prevent any spread of COVID-19 was issued on the 12th of March. Here is what the advisory read. ICAI/028/RBA/2020/RCB-Misc (COVID-19)  12th March 2020  This has reference to the ..

Posted in Professional Resource  1 comments |   7638 Views

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