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ICMAI Newly Elected President and Vice President for the year 2020-21

About the President CMA Biswarup Basu has been elected as President of the Institute for the period 2020-2021. CMA Biswarup Basu is a Fellow Member of the Institute of Cost Accountants of India and an alumnus of South Point High School, Kolkata. He started his Professional career in 1985 as Management Trainee in a Multinational Company of repute and thereafter joined Bharat Coking Coal Limited in 1988 as Finance Officer. Subsequently he joined a wholly owned company of Government ..

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UDIN ICAI(Unique Document Identification Number) System

Update: UDIN generation in bulk for Certificates is now available on UDIN Portal. Using this facility now the members will be able to generate UDIN in bulk (uptil 300) in one go. The complete System of UDIN (Unique Document Identification Number) is designed and developed for ICAI by New Delhi Based Software Company Binarysoft Technologies. The system of Unique Document Identification Number has been launched as it was being noticed that financial documents and certificates were bein..

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ICAI invites suggestions on reducing carbon footprints 

Announcement Invitation for Expression of Interest - Suggestions on reducing carbon footprints  The Institute of Chartered Accountants of India (ICAI) is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in public interest. As one of the steps towards partnering in nation building, ICAI has constituted Sustainability Reporting Standards Board (SRSB) in February, 2020 with the mission to bring sustainabili..

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ICMAI extends time granted to undergo MCBT upto 31st December, 2022

Ref. No. G/128/06/2022 NOTIFICATION 16th June, 2022 Subject: Extension of time granted to undergo MCBT upto 31st December, 2022 Re: For COP taken on and after lst Februarv, 2019 As per the Notification F.No.CWA/21/2019 dated 1st February, 2019 and subsequent corrigendum dated 8th March, 2019, "A Cost Accountant is required to undergo a mandatory training before applying for Certificate of Practice or within six months of getting the Certificate of Practice".   The p..

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ICAI celebrates 'Azadi ka Amrit Mahotsav'- "ICONIC DAY"

Aims to further Strengthen Financial and Tax Literacy Education in the country and support Sustainable Ecosystem in India Shri Arun Singh, Hon'ble Member of Parliament and Shri Rajesh Verma, Secretary, Ministry of Corporate Affairs, Government of India inaugurating the ICAI Iconic Day AKAM celebration at New Delhi in the presence of CA. (Dr) Debashis Mitra, President, ICAI , CA. Aniket Sunil Talati, Vice-President, ICAI and Central & Regional Council Members of ICAI. The Instit..

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Draft to amend the Chartered Accountant Regulations, 1988 proposed by ICAI

THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NOTIFICATION  New Delhi, the 2nd June, 2022 No. 1,A(7)/201/2022. The following draft of certain regulations further to amend the Chartered Accountants Regulations, 1988, which the Council of the Institute of Chartered Accountants of India proposes to make, is hereby published, as required by sub-section (3) of section 30 of the Chartered Accountants As, 1949 (38 of 1949) for the information of all persons likely to be affected ther..

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Skills for CA: Negotiations for business

Negotiation skill is one of the most useful skill that everyone needs in personal and professional life. Imagine, when you as a kid used to negotiate for a candy or day off (new age kids negotiate for iphone) and today as an executive in boardroom negotiating for a business acquisition or negotiating for your salary with HR.   There is extreme of negotiations mentioned in book named "Never Split the Difference: Negotiating As If Your Life Depended On It" written by former FB..

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ICAI President urges practitioners to broaden their horizon and perspective by being more professionally updated

My Dear Professional Colleagues, Our nation has shown great resilience and willingness to overcome the ill effects of pandemic and move ahead towards the path of self-reliance. Our economy is not only able to sustain, but is also one of the few growth stories globally because of the will, determination and collective efforts of all the stakeholders. The robustness and inherent strength of Indian economy is further demonstrated by recent developments like highest ever collection of GST in Apri..

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Memorandum submitted against CGST Commissioner for wrongful detention of 60-70 CAs

Members of the Institute of CA from Gurugram, Haryana have submitted a memorandum about Commissioner CST Sector-32 Gurugram for wrongfully restraining and wrongfully confining and illegal detention of around 60-70 Chartered Accountants. The Text of the Memorandum is Given Below 1. The Chief Minister of Haryana, Chief Minister Office, Gurugram, Haryana. 2. The Deputy Commissioner, Gurugram, Haryana. 3. The Commissioner of Police, Gurugram, Haryana. Sub - Complaint agains..

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CAs are being made soft target says ICAI

Decision has been taken by ICAI Central Council after deliberations on the matter related to recent arrest of Chartered Accountants & other instances of ill- treatment of CAs by investigating authorities in Council Meeting held on 20th May 2022. The official statement released by the Institute is as follows ..

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ICAI invites Expression of Interest for Empanelment as Resource Person / Subject Matter Expert in Green Finance

Announcement Invitation for Expression of Interest for Empanelment as Resource Person/ Subject Matter Expert in Green Finance The Institute of Chartered Accountants of India (ICAI) being the world’s second largest accounting body and regulator of accountancy profession in India has always partnered in Nation Building and provided service to Indian economy in public interest. Sustainability Reporting Standards Board (SRSB) of ICAI is working relentlessly to augment the culture of accur..

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ICAI President applauds the professionals for reaching newer heights of excellence and creating a trustworthy investment climate in India

My Dear Professional Colleagues, The Institute and the Accountancy profession in India have been playing a pivotal and proactive role as an important pillar in the Nation's development and economic growth. With resolute efforts the profession has earned the trust of all the stakeholders. The Institute has led by example in being at the forefront of promoting excellence by suo moto adopting and introducing best financial reporting and auditing global practices in India to take th..

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ICAI announces effective date of applicability of SAE 3410

Sustainability Reporting Standards Board The Institute of Chartered Accountants of India May 2nd, 2022 Announcement Effective Date of applicability of Standard on Assurance Engagements (SAE) 3410 "Assurance Engagements on Greenhouse Gas Statements"   The Council, at its 410th meeting, held on March 24-25, 2022, considered the matter relating to effective date of applicability of Standard on Assurance Engagements (SAE) 3410 "Assurance Engagements on Greenhouse Ga..

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Strict Compliance - Clarification of documents related to incorporation of a Company or LLP by Practicing Professionals

Corporate Laws & Corporate Governance Committee The Institute of Chartered Accountants of India 28th April, 2022 ----------------------------------------------------------------------------------------------- ANNOUNCEMENT Sub: Important Message: Strict Compliance - regarding Verification/ Clarification of documents related to incorporation of a Company or an LLP by Practicing Professionals.   The MCA has communicated to ICAI that instances have been observed where practisin..

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ICMAI notified guidelines for compliance by members of the institute on responding to any tender

THE INSTITUTE OF COST ACCOUNTANTS OF INDIA (Statutory body under an Act of Parliament) NOTIFICATION Kolkata, the 19th April, 2017 No. CWA/1/2017.—In exercise of the powers conferred on it under clause (1) of Part II of the Second Schedule of the Cost and Works Accountants Act, 1959, the Council of the Institute of Cost Accountants of India hereby issues the following guidelines for compliance by the members of the Institute:   (i) A member of the Institute in practice shal..

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ICAI offers Foreign Language Courses for its Members and Students

Public Relations Committee The Institute of Chartered Accountants of India 11th April, 2022 ICAI-Offering Courses in Foreign Languages for its Members and Students Expanding overseas business with technological intervention is the new normal for business and accounting professionals. The Accounting Professionals play a pivotal role in advising business houses at every step. With an exceptional pace and scale of innovation in the world for performing various financial and non-financial tr..

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ICAI rolls out Revised Peer Review Mandate w.e.f 1st April 2022

Peer Review Board The Institute of Chartered Accountants of India 11th April, 2022 ANNOUNCEMENT Peer Review Mandate - Roll Out - (Revised)   The Council at its 407th Meeting held from 7th – 9th January 2022 decided to mandate the Peer Review process for coverage of more firms under Peer Review process. An Announcement dated 12.02.2022 in this regard was hosted on the website. Certain aspects required revision to bring in more clarity e.g. the time limit for compliance of ..

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CA Bill passed in Rajya Sabha

The Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2022, which was passed by the Rajya Sabha on Tuesday highlighting the procedural diligence involved in the legislation. The Bill, which amends the Chartered Accountants Act, 1949, the Cost and Works Accountants Act, 1959, and the Company Secretaries Act, 1980, provides for the setting up of a coordination committee headed by the Secretary of the Ministry of Corporate Affairs. This bill s..

Posted in news |   1 comments |   22035 Views


ICAI | Revision in Peer Review Mandate

Peer Review Board The Institute of Chartered Accountants of India 5th April, 2022 ANNOUNCEMENT Sub: Revision in Peer Review Mandate The Council at its 407th Meeting held from 7th - 9th January 2022 decided to mandate the Peer Review process for coverage of more firms under Peer Review process. Certain aspects required revision to bring in more clarity e.g. the time limit for compliance of the mandate, qualifications of reviewer of listed entity auditors, etc. The same have been addre..

Posted in news |   465 Views


ICAI Awards for Excellence in Financial Reporting 2021-22

INTRODUCTION The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for regulating the profession of Chartered Accountants in India. ICAI is the second largest accounting body in the whole world with a strong tradition of service to the public interest and to the Indian economy. Over a period of time the ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for maintaining..

Posted in news |   375 Views





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