Postponement of Examination of Group-II, Paper-7, Information Technology & Strategic Management of IPC examination scheduled on 15th May – 2013

It is hereby informed that due to unavoidable circumstances the examination of Group – II, Paper - 7 – Information Technology and Strategic Management of Intermediate (Integrated Professional Competence) Examination scheduled on 15th May-2013 stands postponed. The said examination for the candidates will now be held on 24th May - 2013 (Friday) from 2.00 PM to 5.00 PM. The venue and timing of the said examination will remain unchanged. Admit Card already issued would remain valid for the examination on 24th May 2013.

(G. Somasekhar) Additional Secretary (Examinations)

ICAI - Information System Audit Examination to be held on 22.06.2013 for the Members of the Institute

No.13-CA(EXAM)/ISA/J/2013: - In pursuance of Paragraph 7 of Post Qualification Course and Examination in Information Systems Audit (ISA) Course Assessment Test under Regulation 204 of the Chartered Accountants Regulations, 1988 the Council of the Institute of Chartered Accountants of India is pleased to notify that the Information Systems Audit (ISA) Course Assessment Test will be held on 22nd June, 2013 (Saturday) from 10.30 AM to 2.30 PM at the following cities provided that sufficient number of candidates offer themselves to appear from each city....

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ICAI - Restriction on pursuing additional course during Articled Training/ Breach of CA Regulation 65 - Serious view taken by the Institute

As you are aware, the Council of the Institute, under Regulation 65 of the Chartered Accountants Regulations, 1988 has permitted Articled Assistants to pursue/attend, with prior permission to be obtained from concerned Decentralised offices, only one course simultaneously with CA course subject to the condition that the classes being attended for such permitted courses do not overlap with the Principal`s office hours.

ICAI - Valuation Course Exam to be held on 26th May, 2013

Certificate Course on Valuation, Examination to be held on 26th May, 2013

Dear Participants;

Written Exams to be held on 26th May, 2013 (Sunday) from 10 AM to 1 PM . Please bring your membership card / Final year mark sheet as ID proof to appear in the examination. In case of any change in your contact details, please mail us at valuation@icai.org.

Yours truly,

Corporate Laws & Corporate Governance Committee

ICAI Study Tour to Sydney and Melbourne September 18-23, 2013.

The Australia and India have enjoyed a special bonding in terms of their move to a regional economic operation and in terms of services sector in general and accountancy sector in particular. Both countries share common cultural and linguistic ties as both are part of the Commonwealth of Nations. The Institute of Chartered Accountants of India (ICAI) has recently signed Memorandum of Understanding (MOU) with CPA Australia and the Institute of Chartered Accountants of Australia (ICAA). These MoUs will provide an ample opportunity and recognition to Indian Chartered Accountants in Australia. In order to promote member to member and firm to firm contact so as to under stand the economic and regulatory environment and better understanding of the economic opportunities and to tap the vast market existing for Chartered Accountants in Australia; the International Affairs Committee of ICAI will be undertaking the tour to selected cities of Australia during 18-23 September, 2013 for members, on self financing basis. The Study Tour is a mix of business meetings and networking.  The study tour would seek to hold discussions with counterpart organizations, stakeholders, members etc. and will have the following basic objectives:- Build sustainable capacity by providing participants an opportunity to see and interact with various officials in respective countries Facilitate understanding and steps towards networking of the accounting firms in India and respective countries Seek association for the research and developmental activities of the Institute in different fields Discuss the issues of qualification and ways to facilitate cooperation at firm level Develop an understanding to help trade and industry in the respective countries and facilitate inter-country trade and investment

Since, the delegation size would be limited to 50, registration for the study tour would be on first-come-first-serve basis and ICAI reserves the right to finalize the composition of the delegation. The package would include the following: Economy Class Airfare with applicable taxes Ex- New Delhi Visa cost All accommodation on twin sharing basis in 4 star hotels or similar to cut down on costs All meals (Indian): Breakfast, Lunch and Dinner. All transfers by private A/C coach Sight seeing activities in Sydney and Melbourne Cost of all entrance tickets / fees for the above mentioned sightseeing tours. Services of local tour guide and/or tour escort All current applicable Hotel & Government Taxes

Complete details reading the itinerary and the amount to be paid will be uploaded on the website www.icai.org shortly. The interested members (spouses are allowed) may write to us at ia@icai.in for any further information For further details, please contact: Secretariat of the International Affairs Committee, The Institute of Chartered Accountants of India, ICAI Bhawan, PB No. 7100, Indraprastha Marg, New Delhi - 110 002, India. Ph +91 11 30110443,448, 39893989 (Extn. 443,448), fax +91 11 30110591.

ICAI - President's Message

Ethics is all about our becoming and feeling responsible about everything that is around us. We are responsible only when we appreciate everything that is ethical and denounce all that is not ethical around us. I would like our membership to ensure that they always go for the stricter interpretation, foregoing the liberal one wherever and whenever they realise a presence of two interpretations on a matter of professional interest, despite both being legal. Such a courageous display of moral conduct will inspire not only generations of our professionals, but also those from other walks of life. 

ICAI - PNGRB Reference on Compliance with AS 17 by CGD Entities

ATTENTION MEMBERS

PNGRB reference on compliance with AS 17 by CGD entities

The Petroleum and Natural Gas Regulatory Board (PNGRB), entrusted with the duties, interalia, of regulating the transportation rate for city or local natural gas distribution networks or common or contract carrier pipelines, has recently informed the Institute that in the course of their consultation process, they have come to know that CGD entities i.e. entities engaged in the activities of laying building, operating or expanding city or local natural gas distribution networks are not adhering to the requirements of segment reporting on the ground that they operate in only one segment of business and therefore Accounting Standard 17 (Segment Reporting) that contains provisions for segment reporting does not apply to them.

Intermediate (IPC) Exam May-2013 Change in Venue of Some Centres at Bangalore, Jaipur and Sikar

Announcement

18th April 2013.

Change in venue of the May 2013 CA examination in some centres at Bangalore, Jaipur and Sikar

Due to unavoidable circumstances, the venue of the May 2013 CA examination in respect of some of the examination centres at Bangalore, Jaipur and Sikar has been changed as follows:

Intermediate (IPC) Examination:

Invitation to Contribute Articles for The Chartered Accountant Journal of the ICAI

The EB has decided to specially focus on certain key topics besides other routine features in the forthcoming issues of The Chartered Accountant journal. As such, the expert authors in the respective fields are invited to send articles on the following focus issues for consideration of the Editorial Board. The list of themes:

June 2013 Tax Audit +Sustainability & Social Audit + Public Finance August 2013 Indian Accounting Standards converged with IFRSs September 2013 XBRL October 2013 Internal Audit + Forensic Accounting November 2013 LLP & Accountancy Profession December 2013 Professional Opportunities (new horizon) January 2014 Information Technology February 2014 Bank Audit + Government Accounting

The articles of not more than 3000 words (original and not having been published of hosted anywhere else) with executive summary and authors photographs should be sent at eboard@icai.org at the earliest. The authors are also required to give a declaration of originality along with the articles. The guidelines for authors have been hosted on ICAI website in Editorial Board Section on the link: http://icai.org/new_post.html?post_id=2556

ICAI - Revised Invitation of Expression of Interest (EOI) for Developing E-learning Modules on Ind AS.

April 18, 2013

Revised Invitation of Expression of Interest (EOI)

for Developing E-learning Modules on Ind AS

1. Preamble and Introduction

About Ind AS (IFRS) Implementation Committee

Ind AS (IFRS) Implementation Committee (hereinafter referred to as ‘Committee’) is a non-standing Committee constituted by the Institute of Chartered Accountants of India (hereinafter referred to as ‘ICAI’) to get the members and other stakeholders ready for proper implementation of IFRS-converged Indian Accounting Standards. This Committee takes adequate steps to provide guidance and to enhance the knowledge of the members and other stakeholders.

The Committee is planning to formulate E-leaning modules on Indian Accounting Standards (Ind AS).

ICAI Four Weeks Residential Programme on Professional Skills Development from 20-May-2013 to 16-Jun-2013

Board of Studies is pleased to announce the 20th and 21st Batch of ICAI Four Weeks Residential Programme on Professional Skills Development from 20th May, 2013 to 16th June, 2013 at Centre of Excellence, Hyderabad.

This programme offers an unique opportunity and would focus on development of communication skills, leadership skills, personal traits for effective functioning in business organization and profession. Keeping in view the basic emphasis of the programme on Development of Communication and Writing skills and also to imbibe confidence in the participants the content of the programme have been thoroughly revised. More emphasis is given on soft skills, developing personality trait and communication skills of the participants by allocating more time towards these topics.

ICSI - Examination Enrollment Status - June 2013

ATTENTION STUDENTS !

A MUST-READ FOR STUDENTS WHO HAVE SOUGHT ENROLLMENT TO JUNE, 2013 SESSION OF EXAMINATIONS

Please carefully go through the preliminary examination enrollment details for june, 2013 session of cs examinations as displayed. 

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Withdrawal of Invitation of Expression of Interest (EOI) for Developing E-learning Modules on Ind AS published on ICAI website (www.icai.org) on April 10, 2013

April 16, 2013

All are hereby informed that due to some unavoidable circumstances the invitation of Expression of Interest (EOI) for “Developing e-learning Modules on Ind AS inviting interest from the public for developing e-learning Modules on Ind AS”, which was published on ICAI website www.icai.org on April 10, 2013, is hereby withdrawn with immediate effect.

No Change in the Schedule of The Chartered Accountants Examinations - May 2013

NO CHANGE IN THE SCHEDULE OF THE CHARTERED ACCOUNTANTS EXAMINATIONS - MAY 2013.

Students appearing for Intermediate (Integrated Professional Competence) Examination may note that, owing to the Bye Elections to Ward 43 – Nangloi East and Ward 256 Yamuna Vihar of North Delhi & East Delhi Municipal Corporations of Delhi on 5th May 2013, there is no change in the schedule of the Chartered Accountants examination, to be held on 5th May, 2013 from 2.00 PM to 5.00 PM (IST).

(G. Somasekhar) Additional Secretary (Exams)

Important Announcement - Chartered Accountants Examinations – May, 2013 - for the candidates of Bangalore (Zone 2) (Karnataka); Jaipur and Sikar (Rajasthan)

IMPORTANT ANNOUNCEMENT Chartered Accountants Examinations - May, 2013 for the candidates of Bangalore (Zone 2) (Karnataka), Jaipur (Rajasthan), and Sikar (Rajasthan)

Due to unavoidable circumstances, candidates earlier allocated to the examination centre in (1) Govt. R.C. College of Commerce & Management, Bangalore (Zone-2), (2) University Commerce College, Jaipur, (3) University Rajasthan College, Jaipur, and (4) S.K. Govt. College, Sikar have been re-allocated in some other centres in the same Zone/City. The related communication to the candidates concerned is being sent separately.

Modalities for setting up of Certified Facilitation Centre under ACES Project of CBEC

The Institute of Company Secretaries of India signed an MOU with CBEC for setting up of CFC by Practising Company Secretaries under the ACES project of CBEC.  The methodology for setting up of CFC is described briefly hereunder:

i)                   A member qualified and eligible to set up and operate a CFC in accordance with the provisions contained in the MOU will have to make an online application to ICSI for registration as CFC. The application fees will be Rs.1,000/- ( non-refundable).

Last Date of Registration for Post Qualification Course in International Trade Laws & WTO for November 2013 Part I Examinations is 30th April 2013

Attention of the members is drawn to the Post Qualification Course in 'International Trade Laws and World Trade Organisation' of ICAI intended to equip the members with the specialised skills necessary for developing the dedicated practice in the area of services related to International Trade Laws & WTO. Registration for the Course is open throughout the year. Candidates shall be eligible to appear for Part I Examination of the Course only after six months of registration and specified minimum attendance at PCPs. Therefore, for appearing in the November 2013 Examinations for Part I of the Course, the last date for taking registration in the Course is April 30, 2013.

Revised Announcement for Empanelment as a Technical Reviewer with the Quality Review Board

The Government of India has, in exercise of the powers conferred by Sec. 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board to perform the following functions:-
(a)    to make recommendations to the Council with regard to the quality of services provided by the members of Institute;
(b)   to review the quality of services provided by the members of the Institute including audit services; and
(c)    to guide the members of the Institute to improve the quality of services and adherence to the various statutory and other regulatory requirements.

Certified Facilitation Centre (CFC) under ACES Scheme and Extension of MOU with CBEC & ICmAI

Certified Facilitation Centre (CFC) under Automation of Central Excise and Service Tax (ACES) Scheme and Extension of MOU with CBEC Thereof

The Institute entered into an MOU with Central Board of Excise & Customs (CBEC) on 13.04.2010 to enable Cost Accountants in whole-time practice to set up Certified Facilitation Centres (CFCs) under Automation of Central Excise and Service Tax (ACES) scheme and offered their services such as digitization of paper documents and on-line filing/ uploading of documents such as application for registration, filing of returns, refunds, accounting, disputes resolution, audit, provisional assessment, exports, claims, intimations and permission to assessees.

ICAI invites EOI for Developing E-learning Modules on Ind-AS

ICAI Invites of Expression of Interest (EOI) for Developing E-learning Modules on Ind AS

To know more Click Here.