Page 3 - Icai

ICAI to conduct foundation, intermediate examinations three times a year

The Institute of Chartered Accountants of India (ICAI) will conduct examinations for foundation and intermediate courses three times in a year. Till now, the institute has been conducting these examinations twice a year. "The intermediate and foundation course examinations will be conducted thrice in a year in the month of January, May/June and September," ICAI said in a release on Friday. The decision was taken at ICAI's council meeting on March 7. ICAI has more than 4 lakh members and 8.5 lakh students.

MCA starts comprehensive review of auditing standards regulations

MCA secretary Manoj Govil urged the corporate sector, including the CEOs and CFOs to improve upon the level of public trust within the business ecosystem as preparers of financial statements

Paytm issue may be reviewed, scrutiny on Byju's progressing well: ICAI

Amid the unfolding Paytm Payments Bank Ltd crisis, Institute of Chartered Accountants of India President Ranjeet Kumar Agarwal on Sunday said its financial reporting review board (FRRB) may deliberate on issues of the fintech firm in the near future. The FRRB of the statutory body is currently conducting a review of the accounts of tech-based education unicorn Byju's over alleged governance concerns, and the exercise is progressing well, the ICAI president said. "So far, we have not considered it (Paytm issue), but the board meeting of the FRRB will take place in the near future and it will consider appropriate action if required. So far, we have not decided anything as far as this matter is concerned," ICAI President Ranjeet Kumar Agarwal told PTI in an interview. Newly elected committees, including FRRB, of the ICAI are expected to hold meetings from March onwards, he said. Notably, the banking sector regulator Reserve Bank of India has already imposed restrictions on Paytm Payme

Artificial intelligence to save more time for chartered accountants: ICAI

Artificial intelligence will provide a helping hand and free up a lot of time for chartered accountants to focus on analytical work, ICAI President Ranjeet Kumar Agarwal said on Wednesday and highlighted that there is a huge demand for chartered accountants. The Institute of Chartered Accountants of India (ICAI) expects there will be a need for around 30 lakh chartered accountants in the next 20 to 25 years and last year, around 22,000 students cleared the chartered accountants examination. At a briefing in the national capital, Agarwal, who took charge as the president on February 12, said a committee will be coming out with a roadmap in the next two months on the use of Artificial Intelligence (AI) at the Institute of Chartered Accountants of India (ICAI). He emphasised that Artificial Intelligence (AI) is a tool and is saving a lot of time. "This will give you (chartered accountants) more time for application of mind, analytics... I believe AI is going to be a helping hand for t

ICAI to suggest ways to improve country's tax to GDP ratio, says Agarwal

Chartered accountants' apex body ICAI will provide suggestions to the government on increasing the tax to GDP ratio as well as on green finance. At a briefing in the national capital on Wednesday, ICAI President Ranjeet Kumar Agarwal said the tax to GDP ratio should improve for the country to become a developed economy by 2047. The Institute of Chartered Accountants of India (ICAI) has more than 4 lakh members and 8.5 lakh students. Spelling out the vision for the institute, Agarwal, who took over as the President on February 12, also said a committee will identify irrelevant laws and make suggestions in this regard to the government. Among other initiatives, the institute will come out with a roadmap on how Artificial Intelligence (AI) can be used for its various stakeholders.

Irdai reconstitutes expert committee for Ind AS/IFRS implementation

The committee will also address the requirements of guidance notes, APS, and Education Material from respective professional institutes

ICAI CA Foundation exam 2023: Over 40k students qualify foundation exam

ICAI released the results of CA Foundation exam December 2023 on Wednesday. 41,132 candidates managed to clear the exam. Here's how you can check the result

ICAI elects Ranjeet Kumar Agarwal as Prez, Charanjot Singh Nanda as VP

The chartered accountants' apex body ICAI on Monday said Ranjeet Kumar Agarwal and Charanjot Singh Nanda have been elected as President and Vice President of the institute, respectively. Both have been elected by the institute's central council for the 2024-25 term, according to a release. The Institute of Chartered Accountants of India (ICAI) has around 4 lakh members and more than 8.5 lakh students. Agarwal is the 72nd President of ICAI and served as Vice President in 2023-24. Among other responsibilities, Nanda has served as the chairman of various ICAI committees, including those on internal audit standards board, and on financial markets & investors protection.

ICAI CA Result November 2023: CA Inter, Final result announced today

ICAI has released the CA Inter and Final results today. Candidates can check their results on the official website, i.e., icai.org or icai.nic.in

ICAI signs MoU with J-K govt to promote skill development: Officials

The MoU was signed in the presence of Jammu and Kashmir Lieutenant Governor Manoj Sinha

AI to help chartered accountants deliver high quality audits: ICAI prez

Artificial Intelligence will help chartered accountants deliver high quality audits as well as increase the number of transactions being looked at, ICAI President Aniket Sunil Talati has said and highlighted that efforts are on to provide the best skill sets to its members. The Institute of Chartered Accountants of India (ICAI) has more than 3.80 lakh members and over 8 lakh students. Artificial Intelligence (AI) and Machine Learning (ML) are being used in various sectors. In a recent interaction with PTI, Talati said he sees AI as a big change that is coming into the audit profession. "If there is a good AI system, then there is so much one can look at in terms of transactions. AI will report back to you in terms of any deviations, red flags... and will play a huge role in assisting chartered accountants to deliver high quality audit. "We are working with our members to train and upskill them to have the best skill sets to understand AI," he said. Over the years, the accounting

AI to help chartered accountants deliver high quality audits: ICAI Prez

Artificial Intelligence will help chartered accountants deliver high quality audits as well as increase the number of transactions being looked at, ICAI President Aniket Sunil Talati has said and highlighted that efforts are on to provide the best skill sets to its members. The Institute of Chartered Accountants of India (ICAI) has more than 3.80 lakh members and over 8 lakh students. Artificial Intelligence (AI) and Machine Learning (ML) are being used in various sectors. In a recent interaction with PTI, Talati said he sees AI as a big change that is coming into the audit profession. "If there is a good AI system, then there is so much one can look at in terms of transactions. AI will report back to you in terms of any deviations, red flags... and will play a huge role in assisting chartered accountants to deliver high quality audit. "We are working with our members to train and upskill them to have the best skill sets to understand AI," he said. Over the years, the accounting

AI can aid CAs, can't replace human mind: ICAI's Aniket Sunil Talati

AI is going to impact everything that we do, not just auditing and accounting

ICAI to release CA Foundation exam result June 2023, here's how to check

ICAI is set to release CA Foundation June 2023 exam results today, August 7 at 9 pm. Students can check their results on the official website, i,e., https://www.icai.org/

NFRA slaps 10-year ban, imposes Rs 5 lakh fine on auditor for lapses

The National Financial Reporting Authority on Thursday slapped a penalty of Rs 5 lakh and a 10-year ban on an auditor for alleged professional misconduct in the audit of Bartronics India Ltd for 2013-15. Bartronics India Ltd (BIL) is listed on BSE and NSE. In its order, NFRA said that it had imposed a fine of Rs 5 lakh on T Raghavendra, proprietor of T Raghavendra & Associates and he was the engagement partner (EP) for the statutory audit of BIL for FY2013-15. Besides, Raghavendra was also barred for a period of 10 years from undertaking any audit in respect of financial statements or internal audit of the functions and activities of any company or body corporate, it added. The following penalty and prohibition will take effect after 30 days from the date of issuance of this order. The order came after the regulator received information from the ministry of corporate affairs (MCA) regarding irregularities observed by financial reporting review board (FRRB) of ICAI in the financial

ICAI refers edtech firm Byju's matter to its disciplinary committee

The FRRB under ICAI has the power to review general-purpose financial statements of enterprises and auditor's report

Sebi's recent rules increase costs, compliance burden on companies

Companies are struggling to prepare themselves for the new regulations, some of which will take effect in a few months

ICAI CA Foundation Result 2023: June exam results soon on icai.org

The institute informs its students in advance about the result date and time using various social media platforms, as well as its website

ICAI CA result 2023: Everything you need to know about May session result

The Institute of Chartered Accountants of India (ICAI) provides access to the Final and Intermediate Merit List for the year 2023 on its official website at www.icai.nic.in

ICAI, Harvard Business School to develop executive educational programme

The development comes ahead of Prime Minister Narendra Modi's official visit to the US scheduled from June 21 and 24