Category: Indian Accounting

Revalidation of CPT, IPCC & CA Final Registration

In order to streamline the period of Validity of Registration for CPT, PCC/ IPCC and CA Final , the Council of ICAI at its 303rd Meeting held on February 10, 2011 decided as under: CPT Students: Initial Registration for CPT ...

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Changes in Schedule VI – Old vs New (Revised)

Ministry of Corporate Affairs (MCA) had revised Schedule VI of Companies Act, 1956 and notified the same on 1st March 2011.  The refreshed Schedule VI shall apply to all companies from 1st April 2011 onwards. The revised Schedule VI introduces...

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XBRL – The Future Of Financial/Business Reporting

What is XBRL? XBRL is eXtensible Business Reporting Language for electronic communication and reporting of financial data around the world. It provides a XML based platform being followed by corporates globally that helps in formulation and analysis of financial reporting...

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CA’s forming LLP’s now allowed to become Statutory Auditors

In a welcome move for all Chartered Accountants across the country, Ministry of Corporate Affairs has now allowed CA’s forming Limited Liability Partnerships (LLP’s) to conduct Audits and conduct attestation work. MCA in a General Circular dated 4th April 2011...

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All About ICAI

The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of Chartered Accountancy Profession in India. It was formed on 1st July 1949...

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