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 Result Notification Final - Nov 2016
 Result of the Information Systems Audit [ISA] Assessment Test held on 24th December 2016 declared.
 Result Notification - CPT December 2016
  Result of the Chartered Accountants Final Examination held in November 2016 and Common Proficiency Test (CPT) held in December 2016 declared.
 Annual Improvements to IFRS® Standards 2015–2017 Cycle
  Result of the Chartered Accountants Final Examination held in November 2016 and Common Proficiency Test (CPT) held in December 2016 are likely to be declared on Tuesday, the 17th January 2017.
 Result of the Information Systems Audit [ISA] Assessment Test held on 24th December 2016 is likely to be declared on 17th January, 2017.
 Exposure Draft of Ind AS Taxonomy for Comments.
 The Rules regarding Condonation of delay in submission of Forms related to various regulations of the Chartered Accountants Regulations, 1988.
 The Rules regarding Condonation of delay in submission of Forms related to various regulations of the Chartered Accountants Regulations, 1988.
 CPE Events 9th December - 14th December 2016

ICAI working on changes to Indian Accounting Standards
October, 09th 2014

The apex body of chartered accountants ICAI is in the process of making changes to the Indian accounting standards as part of efforts to converge with international norms.

The government wants companies to adopt the new Indian Accounting Standards (Ind AS) - converged with IFRS - voluntarily start from the 2015-16 fiscal and it would be mandatory from 2016-17.

The council of the Institute of Chartered Accountants of India has so far finalised seven "new/revised Ind ASs (to replace the exiting Ind AS) alongwith certain amendments to other Ind ASs".

The proposed changes correspond to the new/revised IFRS issued by the International Accounting Standards Board ( IASB).

Among the finalised Ind ASs include those related to consolidated financial statements, fair value measurement and employee benefits.

"These new/revised Ind ASs are being submitted to the recently constituted National Advisory Committee on Accounting Standards ( NACAS) for its consideration," ICAI President K Raghu said in a statement today.

Meanwhile, ICAI's Accounting Standards Board has issued exposure drafts of three new Ind ASs pertaining to agriculture, financial instruments and revenue from contracts with customers.

 
 
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