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..
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..
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..
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..
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..
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..
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..
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..
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..
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 ..