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ICAI REGULATIONS
India may soon notify new audit standards after prolonged regulatory tussleIndia's corporate affairs ministry is set to announce new audit rules. These changes will bring Indian standards in line with global practi...
ICAI defers adoption of new quality management standards by accountancy firmsThe Institute of Chartered Accountants of India has postponed its new quality management standards. These standards were set to be implemen...
NFRA, ICAI mull mechanism to boost regulatory coordinationTo promote harmony and effective collaboration, India’s premier audit watchdogs, NFRA and ICAI, are setting up a systematic approach for be...
Big 4's dominance: Local companies call for level playing fieldIndian auditing firms are pushing for fair competition with multinational counterparts, expressing concerns over the Big Four's increasing ...
Sebi has rights to regulate auditors for activities under its regulations: Corporate Affairs SecretaryThe proposed changes to the Sebi (Fiduciaries in the Securities Market) Regulations are likely to be discussed at the regulator's board mee...
M. Devaraja Reddy is new ICAI presidentThe Institute of Chartered Accountants of India (ICAI) has elected M. Devaraja Reddy as its new President. Reddy, who has been a chartered ...
Have started inquiry against Reebok's key officers: ICAIICAI said it has begun an inquiry against 'key management persons' of global sportswear major Reebok with regard to a fraud unearthed last ...
- ICAI tense over move to set up new watchdog
The contours of this shift lie in a clause of the new Companies Bill, which is presently awaiting clearance from one of the two houses of P...
- ICAI asks govt to stop giving projects to tainted audit firms
Accounting regulator ICAI has asked the government to stop giving assignments to tainted audit firms, a move that would discourage wrong do...
- Satyam scam: ICAI wants CBI, Sebi to share info on PW auditor
Accounting regulator ICAI has requested investigation agencies CBI and SFIO and market regulator Sebi to share evidences against PriceWater...
- ICAI may have to cough up Rs 16 cr in I-T penalty
Accounting watchdog Institute of Chartered Accountants of India is currently facing the prospect of meeting an income tax penalty of Rs 16 ...
- ICAI to complete Satyam probe in six months
The ICAI president Uttam Prakash Agarwal said that the final verdict by the institute’s disciplinary committee will be ready in six months.
- ICAI finds 2 PwC chartered accountants guilty of professional misconduct
The Institute of Chartered Accountants of India (ICAI) has found two chartered accountants of audit firm Price Waterhouse guilty of "profes...
- 'ICAI can cancel licence'
Institute of Chartered Accountants of India has the power to strip an audit firm of its licence if there is sufficient proof of extensive w...
- ICAI sets up special committee to look into Satyam audit
Chartered accountants body ICAI on Tuesday constituted a six-member special committee to look into the auditing of crisis-hit Satyam Comput...
- No real action against auditors
Despite serious questions over the gross lapses in auditing in Satyam, auditing regulator Institute of Chartered Accountants of India (ICAI...
- ICAI to help CBI, finmin sniff out black money
Accounting regulator ICAI has started working with investigating agencies under the home ministry and the finance ministry to help them tra...