Tag: ICAI
The MCA had notified the Ind AS via the Companies (Indian Accounting Standards) Rules, 2015. Subsequently, the MCA has notified the Companies (Indian Accounting Standards) (Amendment) Rules, 2016/2017 to carry …
ICAI has published a “Technical Guide on Income Computation and Disclosure Standards (ICDS) – First Edition July, 2017”, in view of the fact that 10 Nos. ICDS notified by CBDT on …
CBDT notifies the revised ICDS (I to X) applicable from FY 2016-17 (AY 2017-18) excluding the cases of Individuals and HUF not subject to Tax audit. Also issues draft …
The ICAI has announced that Members holding COP and CA Firms/ Companies (where he/she is a partner/ director) can provide services as “Insolvency Professional” (as part of “Management Consultancy …
ICAI’s Guidance Note on Audit of Consolidated Financial Statements (Revised 2016 Edition) relating to procedures for preparation and presentation of consolidated financial statements under AS/ Ind AS, has been …
ICAI has reviewed the members’ concerns and has announced that the effective date of certain Standards on Auditing, i.e. Revised SA 700, SA 701, Revised SA 705 and Revised …
ICAI has announced withdrawal of ‘AS 30 on Financial Instruments: Recognition and Measurement’, ‘AS 31 on Financial Instruments: Presentation’ and ‘AS 32 on Financial Instruments: Disclosures’, as under: ICAI …
The ASB of ICAI has issued Clarifications/ FAQs on Dividend Distribution Tax (DDT) to clarify the requirements relating to presentation of Dividend and DDT as per Ind AS, as …
The Auditing and Assurance Standards Board of the ICAI has issued the Revised Guidance Note on Audit Reports and Certificates for Special Purposes, which supercedes the 1984 edition of this …
The Ministry of Corporate Affairs (MCA) has notified Companies (Accounting Standards) Amendment Rules, 2016 (G.S.R. 364(E) dated 30.03.2016) and amended the following Accounting Standards and omitted AS 6, Depreciation …