Professional Resource News

ICAI amends Multipurpose Empanelment Form (MEF) - 2021-22 to make it comprehensive and more user friendly

21 August 2021 at 07:17

ICAI is upgrading the Multipurpose Empanelment Form for FY 2021-22 to be filled by CA Firms and Members applying for Bank Audits and other assignments. The said form will now be comprehensive and more user friendly and will be made live in October 2021.

Posted in Professional Resource | 2172 Views

ICAI notifies Revised Form 18 to facilitate formation of Multi-disciplinary Partnership Firm of CAs in Practice

13 August 2021 at 17:23

ICAI, with regard to the Chartered Accountants (Amendment) Regulations, 2021 dated 8th July 2021, has notified a Revised Form 18 to facilitate the formation of Multi-disciplinary Partnership Firm of CAs in Practice.

Posted in Professional Resource | 1992 Views

ICAI releases Exposure Draft on Initial Application of IFRS 17 and IFRS 9

04 August 2021 at 06:40

ICAI has released the Exposure Draft on the Initial Application of IFRS 17 and IFRS 9 - Comparative Information Proposed amendment to IFRS 17. Comments on the ED may be submitted electronically or via email or post by 3rd September 2021.

Posted in Professional Resource | 1608 Views

PM launches digital payment solution e-RUPI

03 August 2021 at 06:29

Prime Minister Shri Narendra Modi launched the digital payment solution e-RUPI, a person and purpose specific digital payment solution, on 2nd August 2021 via video conference. e-RUPI is a cashless and contactless instrument for digital payment.

Posted in Professional Resource | 6429 Views

ICAI President's Message - August 2021

02 August 2021 at 05:42

CA. Nihar N. Jambusaria - President, ICAI's August 2021 message for members and students.

Posted in Professional Resource | 1 comments | 9117 Views

ICAI | Clarification on spending of CSR funds for COVID-19 Vaccination by MCA

01 August 2021 at 07:29

MCA has clarified that spending of CSR funds for COVID-19 vaccination for persons other than the employees and their families is considered to be an eligible CSR activity under items no (i) and (xii) of Schedule VII of the Companies Act, 2013.

Posted in Professional Resource | 6027 Views

ICAI releases Exposure Draft of Disclosures of Accounting Policies

30 July 2021 at 18:44

ICAI has released the Exposure Draft of Disclosures of Accounting Policies - Amendments to Ind AS 1, Presentation of Financial Statements. Comments on the same may be submitted either electronically or via email or post by 31.08.2021.

Posted in Professional Resource | 1971 Views

ICAI releases the 12th edition of the Code of Ethics for its Members

27 July 2021 at 06:31

ICAI has released the 12th Edition of the Code of Ethics for its members. The revised edition of the code has come into effect from 1st July 2021. Download links of the three volumes of the Code has been given in this news piece.

Posted in Professional Resource | 2499 Views

ICAI further extends validity of Peer Review Certificate in the wake of COVID-19 spurt across the country

22 July 2021 at 20:50

ICAI has further granted relief to practice units by extending the expiry date of peer review certificate having original expiry date falling anytime from 1st July 2021 to 31st July 2021 till 31st August 2021.

Posted in Professional Resource | 1506 Views

ICAI issues ED of revised IFRS Practice Statement - Management Commentary

17 July 2021 at 07:29

ICAI has released the Exposure Draft of revised IFRS Practice Statement - Management Commentary. The purpose of this ED is to obtain feedback on the IASB’s proposals. Comments on the same may be sent to ICAI by 1st October 2021.

Posted in Professional Resource | 2184 Views