Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: list of goods taxed at 4% :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: VAT RATES :: VAT Audit :: articles on VAT and GST in India :: form 3cd :: ACCOUNTING STANDARD :: empanelment
 
 
ICAI »
 Notification CPT - June, 2017
 Notification Final - May, 2017
 Result of the Chartered Accountants Final Examination held in May 2017 and Common Proficiency Test (CPT) held in June 2017 declared.
 Invitation for expression of interest from software development companies for providing software relevant to the Practitioners & CA Firms of ICAI by 31 August, 2017.
 Alternate website for CA Final and CPT May/June 2017 Results
 CPE Events 17th July - 22th July 2017
 Result of the Chartered Accountants Final Examination held in May 2017 and Common Proficiency Test (CPT) held in June 2017 are likely to be declared on Tuesday, the 18th July 2017.
 Result of the Information Systems Audit [ISA] Assessment Test held on 24th June 2017 is likely to be declared on 18th July, 2017.
  Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 10
 Announcement for revision in fee of Expert Advisory Committee (applicable with effect from July 1, 2017)
 IFRS Taxonomy Update - IFRS 17 Insurance Contracts

ICAI - Planning to introduce unique code numbers (UCD) to check the increasing forged
October, 07th 2010

Copies of the balance sheet, tax audit reports and similar documents attested by chartered accountants as part of several million mandatory filings done by companies across the country each year may soon have a unique code number as authentication.

The Institute of Chartered Accountants of India (ICAI), the apex auditing standard setting body, is planning to introduce such unique code numbers (UCD) to check the increasing instances of forged attestations, said Amarjit Chopra, president. The UCD will be developed as part of Project Parivartan, an 18-month programme initiated by ICAI to change its operational processes to meet global benchmarks. Software major Infosys is assisting it in developing this Unified Digital Technology Platform, which includes creation of UCD.

"We want the banks to insist upon such unique code numbers, as there are several instances where people file different balance sheets or utilisation certificates for different purposes without the knowledge or approval of our members," Chopra said.

According to him, there are instances where the financial statement produced before the tax department is different from the one sent to banks or the registrar of companies. "The forgery happens because the chartered accountant's membership number is in the public domain. A UCD can make this difficult," Chopra adds.

The authenticity of attested documents is important enough in curbing corruption for the anti-corruption watchdog, Central Vigilance Commission, to have come out with a code of ethics for chartered accountants.

While the project has been conceptualised, the modalities for operating this are yet to be worked out through Project Parivartan, Chopra said.

Project Parivartan was conceived with an idea of taking ICAI to a qualitatively new way of working, which would bring together both aspiring and existing chartered accountants. It was to take a comprehensive view of existing processes and benchmarks these with global best practices. Infosys, which will partner with ICAI to develop the programme, is also running the programme management office for the institute.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions