Wednesday, December 25, 2024 | 12:58 AM ISTEN Hindi

Chartered Accountants

ICAI prez: Disciplinary committee probing Byju's auditing 'lapses'

Byju's financial disclosures had come under ICAI's scanner because of a 22-month delay in the submission of its financial reports

Updated On : 23 Dec 2024 | 11:24 PM IST

ICAI expects to finalise int'l networking guidelines for CA firms this FY

ICAI expects to finalise the international networking guidelines for Indian chartered accountant firms this fiscal, its President Ranjeet Kumar Agarwal said on Monday, as efforts continue to have big domestic CA firms that can compete globally. Currently, there are no guidelines for international networking of Indian CA firms. The Institute of Chartered Accountants of India (ICAI), which has more than four lakh members, is also working on ways as part of larger efforts to make the country a global accounting and auditing hub. Agarwal said at a briefing in the national capital that the institute is working on the international networking guidelines as the target is to make Indian CA firms bigger and global. With respect to aggregation of CA firms, the institute has charted out some strategies and steps have already been taken in this regard. For instance, if two CA firms are merging, they were earlier not allowed to demerge after five years of the merger. The time period has been .

Updated On : 23 Dec 2024 | 6:25 PM IST

Best friend of a small business is small practice: ACCA Helen Brand

Brand said that small firms need to upgrade tech and India can have its own big four firm through consolidation of smaller firms

Updated On : 16 Dec 2024 | 10:02 AM IST

ED team conducting raids in cyber fraud case attacked in Delhi, 1 detained

An Enforcement Directorate team undertaking searches in a cyber fraud linked money laundering case was allegedly attacked here on Thursday, officials said. The agency has registered a police FIR about the incident that took place at a farmhouse that was raided by ED officials in the Bijwasan area of the national capital that falls under the Kapashera police station in southwest Delhi. An Enforcement Officer (EO) suffered minor injuries during the attack. He is continuing with the searches after he was given first aid, officials said. The probe pertains to a case against the PYYPL app. The alleged accused in the case, including Ashok Sharma and his brother, allegedly attacked the ED team. The situation is under control and searches are going on, the sources said. The search operations, according to sources, has been launched after the ED got inputs from the I4C and the Financial Intelligence Unit (FIU) about cyber crimes like phishing, QR code cheating, part time job fraud leading