Chartered accountants' apex body ICAI has set up an expert group to address issues related to implementation of Indian Accounting Standards.

He said ICAI currently has a membership base of 1.5 lakh and has 8.75 students enrolled with it, out of which more than 25,000 students joi...

India is likely to defer the adoption of new accounting standard on revenue recognition (known as Ind AS 115) as more consultation is neede...

The Election Commission will work with the chartered accountants' apex body ICAI to make the financial statements of political parties more...

ICAI today said latest exemptions provided under the companies law would help private companies run their business smoothly.

The empowered committee of state finance ministers on GST will give its written reply to the select committee of the Rajya Sabha on June 8.

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

To speed up disciplinary action against erring members, the apex body of chartered accountants ICAI is looking to complete most of the pend...

"We understand that Gopal and Talluri are considering filing an appeal against this verdict," PriceWaterhouse said.

Under the current process, a PSU bank's management and audit committee are empowered to select the auditors, whereas a panel used to appoin...

The proposed entity can be a partnership firm under the Indian Partnership Act or an Limited Liability Partnership (LLP) under the LLP Act.

ICAI President Manoj Fadnis said some concerns with respect to related party transactions norms are yet to be addressed.

An official of auditing and consultancy giant PricewaterhouseCoopers (PwC) has also been questioned by the CBI in connection with this case.

"Chartered Accountants can play an effective role in curbing the black money in tandem with the spirit of the Budget," Fadnis added.

ICAI has sought further deliberations with various stakeholders before setting up the National Financial Reporting Authority.

The government has notified the rules for Indian Accounting Standards (Ind AS) which will be mandatory for companies from April 1, 2016.

Under the plan, ICAI flexi working portal would allow qualified CA women to have flexible working hours and they can work from any location...