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Only a member of ICAI can be appointed as statutory auditor of a company under the Companies Act, 2013. The management of the institute is vested with its council with the president acting as its chief executive authority. A person can become a member of ICAI and become a financial (i.e. statutory) auditor of Indian Companies.
The Chairman of the Central Board of Direct Tax (India) constituted under the Central Board of Revenue Act, 1963 (India) or his nominee; 6. Two members to represent the chambers of commerce and industry to be nominated by The Central Government of India; and 7. One representative of the Security and Exchange Board of India to be nominated by it.
The aspirant is eligible to become a member of ICAI on successful completion of all the necessary courses, required exams and mandatory training specified above. The aspirant becomes an eligible person to be called a chartered accountant only after he registers with ICAI and obtains membership.
The CA Foundation Course is the entrance level for the chartered accountancy course offered by the Institute of Chartered Accountants of India (ICAI). [1] Earlier, it was known as the Common Proficiency Test. CA Foundation contains 5 series of papers.
The Chartered Accountants Act, 1949 is a statute enacted by the Constituent Assembly of India, which was acting as the provisional Parliament of India in 1949, to regulate the profession of Chartered Accountants in India.
It is located in Mumbai and serves a membership of more than 85000 Chartered Accountants and circa 225000 CA students, in a network of 32 branches [2] [3] in the three states of Maharashtra, Gujarat, Goa and two Union Territories of Daman and Diu and Dadra and Nagar Haveli.
SSP maintains a library of presentations from past events from 2009 to the present. [20] SSP makes an online directory of members and services available to its members. The SSP website contains information for students and professionals considering a career in scholarly publishing as well as information about publishing and library programs.
Based on the report of forensic auditor appointed by banks the latter declares an account as fraud or wilful defaulter [5] and such procedure was missing earlier. [2] The guidelines are being drafted after consulting RBI, Ministry of corporate affairs, the comptroller and auditor general of India, and the Securities and Exchange Board of India ...