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ICAI reviews financial statements of Vijay Mallya group firms

ICAI reviews financial statements of Vijay Mallya group firms

Chartered accountants' apex body ICAI is reviewing financial statements of certain Vijay Mallya group firms to assess the role of auditors and has warned of strict disciplinary action in case of violations.


Companies Act exemptions to help private cos run smoothly: ICAI

Chartered accountants' apex body ICAI Tuesday said latest exemptions provided under the companies law would help private companies run their business smoothly.

Companies Law changes to improve ease of doing biz: ICAI

The fresh amendments to the Companies Law will go a long way in improving ease of doing business, chartered accountants' apex body ICAI has said.

Ease of doing biz: ICAI seek more changes to companies law

To make doing business easier, chartered accountants' grouping ICAI has sought more changes in norms governing companies, including those pertaining to related party transactions.

Leakgate: ICAI to take action against arrested CA

Chartered accountants' apex body ICAI on Sunday said it will initiate necessary disciplinary action against member Khemchand Gandhi, who has been arrested by the CBI for allegedly leaking "secret" government documents, after receiving details from the investigative agency.

ICAI to host two-day Asian Summit on healthcare cost management

The Institute of Cost Accountants of India ( ICAI) will be organizing an Asian Summit on Health Care Cost Management on the theme "Touching Lives through Cost Management in Health Care" on March 12 and 13 in New Delhi.

Aam aadmi should also be able to fly business class: Kejriwal

Aam Aadmi Party chief Arvind Kejriwal on Saturday stoutly defended himself against the opposition's criticism of him travelling abroad in business class, saying that it was his dream for India that an 'aam aadmi' should also be able to travel the same way.

Real estate biz accounts for major chunk of black money: ICAI

When it comes to flow of black money, real estate business accounts for a major chunk of of such illicit funds, accounting regulator ICAI has told the government while seeking urgent steps to check this menace.

ICAI starts proceedings in Rs 870-crore Reebok scam

Chartered accountants' apex body ICAI has started proceedings against a former Reebok India official for his alleged involvement in the Rs 870 crore scam at the sportswear maker that came to light in 2012.

Accounting norms applicability may hit power firms' profits

At present, many power companies capitalise direct and indirect costs attributable to the fixed assets and borrowing costs, even in case of extended delay in capitalisation of projects, for reasons beyond the control of these companies.

ICAI Chartered Accountant Final Examination results declared

The Institute of Chartered Accountants of India (ICAI) on Friday declared Chartered Accountants final exam result 2014.

ICAI declares CPT 2014 results

The Institute of Chartered Accountants of India released the results for Common Proficiency Test.

Ready with updated Indian accounting standards: ICAI

The new norms are converged with International Financial Reporting Standards (IFRS), which is being followed in more than 100 countries.

Arun Jaitley wanted to be a CA in his younger days

Finance Minister Arun Jaitley wanted to become a chartered accountant in his younger days, but ended up choosing the legal profession as "CA exam was too difficult to pass".

United Bank faces auditing, corporate governance probes

Besides, the Institute of Chartered Accountants of India (ICAI) is believed to be looking at the role of the bank's auditors, sources said, although there was no official word on these fresh probes.

Sebi revamps expert panel on disclosures, accounting standards

Sebi has reorganised its committee on disclosures and accounting standards that advises the market regulator on matters related to disclosure requirements and accounting practices for various market participants.

Congress rejects EC suggestions for transparency in party funding

Congress said accounting procedures prescribed by ICAI for companies are not applicable to political parties as it rejected 10 suggestions by Election Commission for transparency in party funding.

ICAI initiates enquiry into issues involving NSEL auditors

Accounting regulator ICAI Friday said it has referred to the disciplinary committee the matter involving auditors of National Spot Exchange Ltd on a complaint following the Rs 5,600 crore payment crisis at NSEL.

ICAI begins scrutiny of FTIL, NSEL issues

With the auditors withdrawing their audit report on crisis-hit NSEL's promoter Financial Technologies, the accounting watchdog ICAI has begun looking into the matter and has sought all available details from the concerned stakeholders.