To celebrate 71st CA Day 2020 and 50th Foundation Day of Institute of Chartered Accountants on India (ICAI), let us recognize the whole scenario of setting up ICAI in India in the year 1949 on the 1st July. In India, ICAI is the one and only licensed body which is founded for the regulation of financial audit and accountancy profession. In the world, it is the second largest professional accounting & finance body with total headcounts of around 2.5 lakhs … Read More
Execution of Indian Accounting Standards (Ind AS) by companies in India is the memorial step taken in the history of Accounting. As stated by the Institute of Chartered Accountants of India (ICAI), Ind AS mechanism has considerably improved the quality of financial reporting from Indian companies which has led to progress and strong competitiveness and compatibility.
The trio of quality financial reporting along with a sound corporate governing mechanism and robust audit mechanism is the only mantra to success and … Read More
Chartered Accountancy is a profession that deals with finances of a business and neither a business nor the chartered accountant can afford to have any error in calculation and final results. The one prominent utility that is used in the calculation of finances not only in India but the entire world is MS-Excel.
Here are some Excel functions that a CA must know thoroughly to excel in his financial calculations:
#1. SUMIF Functions –
SUMIF is used when we need … Read More
The Ethical Standards Board of the Institute of Chartered Accountants of India (ICAI) provides some FAQs on the Ethics of the Professionals during the Audit of any Banking Institution.
This article will detail these FAQs on the Professional Ethics of Chartered Accountants conducting Bank Audits for any Financial Year.
FAQs on the Professional Ethics of Chartered Accountants conducting Bank Audits
Q.1 – Can a Chartered Accountant Firm accept and conduct the Audit of a Bank where one of the partners… Read More
“First impression is the last impression”. A website is very important for all kinds of business as it creates a first impression in the minds of your clients about your business. The design and content of used are the heart and soul of the website. Attractive design and informative content helps in bringing more users to the website but only the design and content do not make the website effective and efficient.
A lot of other factors affect the effectiveness … Read More
ICSI that stands for Institute of Company Secretaries of India has recently taken a big step to introduce a major change in the curriculum of ICSI CS programme. It actually discontinued the CS Foundation Programme. ICSI just not only discontinued the program, but the programme has been also replaced with a test, named as “CS Executive Entrance Test (CSEET)”.
Now, The qualifying test “CSEET” will be mandatory for registration to Executive Programme for all categories of students. However, there are … Read More