ICAI Launches Advisory on Accounting and Assurance (FY- 2019-20)

ICAI advisory on Accounting and Assurance

Institute of Chartered Accountants of India ( ICAI) has recently come up with an advisory on issues related to Accounting and Assurance for Financial Year 2019-20. 

Not only India but the entire world is suffering from COVID-19 crises and the ruling of every nation is in the run to treat presently ill patients and curb the further spread of this deadly disease. Coronavirus has recently been identified as a global pandemic by the World Health Organisation (WHO). the government of … Read More

11 Great Reasons To Be A Professional Lawyer

Professional Lawyer

There are few careers that attract the trinity that governs human lives i.e power, money and fame. A career as a lawyer is one of the few that promises this trinity. However, the road to this zenith can only be paved with uncompromising commitment and persistence.

A Professional Lawyer commands unprecedented respect and is revered by one and all in his immediate surroundings.

Lawyers have there own personal benefits with the career mostly required by every person in every country. … Read More

Financial Reporting Guidelines by ICAI Amid Coronavirus

ICAI financial reporting guide

As of March 2020, The whole world is dealing with the Coronavirus outbreak, WHO or World Health Organisation declared Coronavirus as a “global pandemic”. The Coronavirus is affecting almost everything including the social, political, and economic foundation of the world.

As per experts and the aftermath of this situation will vary from nation to nation, field to field industry to industry and enterprise to enterprise. It is also extremely difficult to state how badly an industry is affected, and what … Read More

ICAI Requested to Contribute in COVID-19 Relief Fund

ICAI COVID-19 Relief Fund

The Institute of Chartered Accountants of India (ICAI) requested the citizens that they should contribute to the emergency fund named ‘Institute of Chartered Accountants of India (ICAI) COVID 19 Relief Fund’ to help the government to control the further spread of the virus. 

The institute requested in a statement that, “The COVID-19 pandemic marks an unprecedented time in modern history that will require the best of humanity to overcome. At this moment, the affected people in India will need help … Read More

ICAI: No Attendance Loss of CA Articleship Students in Lockdown

Attendance Loss of CA Students

Similar to other crucial authorities, the Institute of Chartered Accountants of India (ICAI) is constantly monitoring the situation that arose amid the COVID-19 outbreak in India. The market is completely shut due to the widespread Novel Coronavirus and also the offices where training was allotted to the students pursuing articleship. Institute has proposed to facilitate articleship training online till the market and offices re-open. The government has declared a nationwide lockdown till 14 April 2020. 

Those who have already registered … Read More

FAQs – Assessment Tests during CA Practical Training

FAQ Practical Training’ CA

Chartered accountants are required go through the assessment in their practical training session to pass out criteria of becoming official CA as per the code of conduct. These assessment are done to check the proficiency of CA as per his studies conducted. These frequently asked questions are generally based upon these assessment and are solved for the readers.

FAQs Related to Assessment Tests conducted by ICAI for the student during Practical Training

FAQs answered by General Guidance Q.1 – What… Read More