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ICAI PresidentCA. Nihar N. Jambusaria in his message for the month of July 2021 wished all the Chartered Accountants heartiest congratulations onCA Day and stated that - Setting goals and consistently working towards them helps charter ones course in the right direction and inch closer to success. Through ICAIs 72 years of splendid performance, it has learnt the importance of making the most of every opportunity and rising to all odds. Read the official message below: My Dear Professional
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FAQ :
July 1st is celebrated as Chartered Accountants Day (CA Day) and marks ICAI's 73rd Foundation Day.
Over its 72 years, ICAI has learned the importance of making the most of every opportunity and rising to all odds.
The message mentions the launch of a Financial and Tax Literacy Drive called 'Vitiya Gyan' and the introduction of Sustainability Reporting Awards.
ICAI has formed a task force to analyse and submit findings on the technical glitches of the new Income Tax e-filing portal to the Ministry of Finance and has been asked to provide continuous support in resolving these issues.
The RBI has issued new norms for the appointment of Statutory Central Auditors and Statutory Auditors of commercial banks, UCBs, and NBFCs, which are expected to enhance audit quality and auditor independence. Joint audits are now mandatory for RBI-regulated entities with assets over ₹15,000 crore.
The AQMM v1.0 is a finalised model developed by ICAI after international research and stakeholder input, designed to help practicing firms improve their audit quality across various dimensions like practice management and human resource management.
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