Noida GST ITC Scam Case: ED, Centre and State likely to involve in Multi-Agency Action
The Indian Government is spearheading a rigorous, multi-agency initiative, collaborating with the Enforcement Directorate, Finance Ministry,...
ICAI notifies Rectification of Errors in Chartered Accountants (Amendment) Regulations, 2023 [Read Notification]
The Institute of Chartered Accountant of India (ICAI) vide notification no. 1-CA(7)/201A/2023 issued on 21st August 2023 has notified the rectification of errors in the Chartered Accountants...
ICAI Introduces changes to Document Authority and Standards on Quality Control, Auditing, and Assurance
The Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI) has notified the amendment to the to the “Clarification Regarding Authority Attached to...
Audit and Certification Works: Know Minimum Fee Recommended by ICAI which Starts from Rs. 2000 to Rs. 80,000
The Institute of Chartered Accountants of India (ICAI) has proposed a range of charges for audit and certification services, ranging from Rs. 2000 to Rs. 80,000 as minimum amount and which can go up...
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. ...
