ICAI releases Revised 2023 Guidance Note on Tax Audit u/s 44AB of Income Tax Act
The 9th edition of the guidance note on Tax Audit under Section 44AB of the Income Tax Act, 1961 was issued by the Institute of Chartered Accountants...
Non Recognition of Interest Cost on Borrowings as Non-Performing Assets Amounts to Gross Violation of Professional Misconduct: NFRA Imposes 1 Lakh Fine on CA
The National Financial Reporting Authority (NFRA) has held that non-recognition of interest cost on borrowings as non-performing assets amounts to a gross violation of professional misconduct and...
Violation of Companies Act in Appointment as Statutory Auditor: ICAI reprimands two Chartered Accountants [Read Order]
The Institute of Chartered Accountants of India (ICAI) reprimanded two Chartered Accountants (CA) on ground of violation of provisions of Companies Act, 2013 in the appointment as Statutory Auditor. ...
Non-Adherence of Standards of Auditing: NFRA Imposes Fine of Rs 15 Lakhs in Total and Debars Two Chartered Accountants for 15 years in Total [Read Order]
The National Financial Reporting Authority (NFRA) imposed a fine of Rs 15 Lakhs in total and debarred two Chartered Accountants for 15 years in total on the ground of non-adherence to Standards of...
ICAI notifies Cancellation of CoP of 190 Chartered Accountants on Ground of Non-desire to Continue and Non-payment of Annual Fee
The Institute of Chartered Accountants of India (ICAI) notified the Cancellation of Certificate of Practice (CoP) of 190 Chartered Accountants. Out of 190, 16 cancellations were on grounds of...
