ICAI Setting New Benchmarks for Indian CA Profession
Explore ICAI’s ongoing initiatives in accounting, auditing, taxation, capacity building, technology, governance and global outreach shaping Indian CA profession.
Category: Profession
ICAI: Shaping India’s Accounting Excellence Since 1949
Discover the Institute of Chartered Accountants of India (ICAI), its history, structure, role in developing world-class accounting professionals, journey from 1949.
SC Strikes Down 25-Year CA Experience ITAT Requirement
Supreme Court declares the 25-year experience requirement for Chartered Accountants’ appointment to ITAT as unconstitutional, arbitrary, and discriminatory.
ICAI’s Reforms for Indian CA Firms, Allows Advertising
ICAI announces transformative reforms including advertising permissions, global networking guidelines, aligned with PM Modi’s vision.
Liability of a CA in Indian Tax Investigations: Legal Risks/Protections & Recent Rulings
Understand liability of a CA in Income Tax and GST investigations in India. Learn when a CA becomes responsible, what laws apply, protections under ICAI rules, recent SC rulings, …
Why Chartered Accountants Cannot Be Treated as Accused in GST Investigations
Discover why Chartered Accountants cannot be treated as accused in GST investigations. Explore Supreme Court protections, ICAI ethical safeguards, confidentiality obligations, and CAAS Surat’s strong intervention against coercive practices …
ICAI’s Guidance Note on CARO 2020 of MCA (Revised/ Updated 2022 Edition)
A simple and clear summary of the CARO 2020 Guidance Note. Learn its key features, applicability rules, auditor responsibilities, Schedule III links, and clause-wise guidance. Ideal for audit and …
Second & Third Phase Peer Review Mandate Further Deferred by ICAI
ICAI has announced on 16/03/2024 that the second and third phase of the Peer Review Mandate has been further deferred/postponed to 01/07/2024 and 01/01/2025 respectively.
ICAI CPE Requirements Non-compliance Consequences from 2024
Key points of the ICAI's proposed new framework for consequential provisions regarding annual CPE compliance requirements beginning calendar year 2024.
Monitoring Auditing Standards Compliance: ICAI’s New Review Tool
ICAI has introduced a comprehensive Review & Monitoring Tool with checklists and dashboards to aid audit firms in adhering to Standards on Auditing Compliance.