CHARTERED ACCOUNT

Maharashtra: The deadline for filing audited accounts for specified trusts in Maharashtra state is extended to December 31, 2024. ?"If trusts don't file it by December 31st (or further extended date, if any) and default in filing audited accounts co...

India's Competition Commission (CCI) greenlit several deals, including Kotak Mahindra Bank's purchase of Standard Chartered Bank's Rs 4,100-crore personal loan portfolio. The CCI also approved acquisitions involving Fosroc, DMI Finance, and Rebel Fo...

The National Financial Reporting Authority (NFRA) recommended 40 auditing standards for limited liability partnerships (LLPs) to the corporate affairs ministry. These standards, finalized in November for companies, will apply to LLPs from April 2026...

Mahendra Kumar Jajoo, A Chartered Accountant and CFA charter holder, recounts his journey in financial services, from ICICI to his current role as CIO - Fixed Income at Mirae Asset Investment Managers. He emphasizes his investment philosophy of simp...

After a break, partners from Big Four affiliates are engaging in ICAI elections due to a more assertive ICAI, changing audit rules, and recent disciplinary actions. Key candidates include PwC's Abdul Majeed and Deloitte's Nandkishore Hegde. The elec...

ICAI released new Standard of Quality Management for CAs and audit firms, bypassing NFRA's mandated process. This move has sparked a controversy as NFRA argues for unified quality standards. INR, Sebi, and CAG representatives support NFRA's stance. ...

Chartered Accountants (CA) and Company Secretaries (CS) are prestigious careers in India, requiring rigorous study and certification. CAs focus on financial audits and compliance, whereas CSs ensure legal adherence and corporate governance. Both pat...

Finance Minister Nirmala Sitharaman clarified her comments on the death of a young CA employed with EY, stating she did not intend to shame the victim. Her remarks about handling work pressure through inner strength drew criticism. Sitharaman emphas...

Union Finance Minister Nirmala Sitharaman has suggested colleges and universities teach stress management to students. This follows the death of a young CA professional from EY, which sparked criticism from Congress. The government plans to investig...

India's accounting regulators are clashing over a proposal to make parent company auditors responsible for consolidated financial statements. The National Financial Reporting Authority supports the change, citing audit failures, while the Institute ...

ICAI has requested NFRA to pause proposed changes to auditing standard SA 600 for group audits, citing concerns over the impact on small and medium CA firms. ICAI seeks more time for comprehensive review and stakeholder discussions, emphasizing the ...

EY India chairman Rajiv Memani has expressed regret for not attending the funeral of a 26-year-old employee, Anna Sebastian Perayil, whose death was attributed to work stress. Memani emphasized his commitment to creating a harmonious workplace and s...

The tragic death of a 26-year-old Ernst & Young employee in Pune has ignited a debate on social media about toxic work culture. Anna Sebastian Perayil passed away four months after joining the company. Her mother blamed the workload and long hours f...

The National Financial Reporting Authority (NFRA) has dismissed concerns that revamping domestic audit standards to align with global norms will negatively impact small and mid-sized audit firms. NFRA clarified that the new rules will only affect a ...

A B.Com (Hons) degree offers a versatile foundation for careers in finance, accounting, and management. Graduates can explore roles such as accounts executive, chartered accountant, financial analyst, tax consultant, investment broker, and marketing...

Sanjeev Gemawat, currently group general counsel at Vedanta Group, will join Essar Group as the group general counsel and head of legal. With a career spanning over three decades, Gemawat has held significant positions in various companies including...

The central council of ICAI will discuss NFRA's proposed changes to auditing standard SA 600 on September 17. ICAI is concerned these changes may concentrate audit work with a few large firms, affecting small and medium auditors. The outcome could i...

The National Financial Reporting Authority and the Institute of Chartered Accountants of India are at odds over proposed changes to domestic audit standards. ICAI fears the changes could concentrate audit work among large firms, impacting smaller pr...

A chartered accountant from Mumbai was attacked in Pune after his car inadvertently splashed water on two bikers and two pedestrians from a deep pothole. The victim, Yash Manwani, lodged a complaint with the police, who are currently investigating t...