ICAI Current Affairs, GK & News

NFRA creates Database of companies and auditors

The National Financial Reporting Authority is creating a database of companies and auditors. What is the plan? As a first step of establishing the database, NFRA is to identify and verify the primary data sources. This is essential because certain data such as Company Identification Number is different from different sources. NFRA is to collect ..

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Union Cabinet approves MoU between India and Malaysia

On October 21, 2020, the Union Cabinet chaired by Prime Minister Narendra Modi approved the Memorandum of Understanding signed between The Institute of Chartered Accountants of India and the Malaysian Institute of certified public Accountants. The agreement enables the  qualified Chartered Accountants of the countries to join other institutes based on their qualification. Highlights Based ..

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Government appoints IIFT, ICAI, NICMAR to improve World Bank's 'Doing Business' ranking

The Union Commerce and Industry ministry has appointed four institutes to interact with stakeholders and suggest measures to push India’s ranking in World Bank’s Ease of Doing Business Index. They are National Institute of Construction Management and Research (NICMAR), Indian Institute of Foreign Trade (IIFT), Institute of Company Secretaries of India (ICSI) and Institute of ..

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What is an Audit?

Audit stands for scrutiny, examination or inspection of various account books to ensure a standardized method is followed by all the departments of the firm to record transactions and to determine the accuracy of financial statements provided by the organisation. The process is either taken up by the internal employees or departmental heads or even ..

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The Institute of Chartered Accountants of India (ICAI) signs MoU with Nepal on mutual co-operation

The Institute of Chartered Accountants of India (ICAI) has recently signed the Memorandum of Understanding (MoU) with the Institute of Chartered Accountants of Nepal (ICAN) to establish mutual co-operation for the advancement of accounting knowledge, professional and intellectual development, advancing the interests of their respective members and positively contributing to the development of the accounting ..

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