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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« ICAI »
 Launch of 1st Batch of Educational Course by ICAI Registered Valuers Organsiation (ICAI RVO) at ICAI Bhawan, Sector- 62, Noida from 2nd June, 2018 to 24th June, 2018.
 Application Form for the Information Systems Audit (ISA) Assessment Test - June, 2018.
 Information System Audit - Assessment Test (ISA - AT), June 2018
 FAQs on SA 570 (Revised), ‘Going Concern’ (Applicable for audits of financial year 2017-18)
  Exposure Draft of Standard on Internal Audit (SIA), Planning the Internal Audit Assignment (Comments to be received by June 15, 2018)
 Four Weeks Residential Programme to be held from 4th June, 2018 to 1st July, 2018 at Centre of Excellence, Jaipur for Men Participants only.
 Inputs/ Suggestions Invited on Draft Revised Syllabus for the Post Qualification Course on Information Systems Audit formulated by Digital Accounting and Assurance Board of ICAI latest by 31st May, 2018.
 Exposure Draft of Accounting Standard (AS) 109, Financial Instruments (Comments to be received by June 30, 2018)
 Register for Exclusive First Batch of Spanish Language (60 Hours) for ICAI Members and Students at Delhi and Mumbai - 4th June 2018 - Last Date of Enrolment is 21st May 2018
 FAQ on accounting treatment of increase in liability due to enhancement of the gratuity ceiling.
 SAFA accepts recommendation of the ICAI for forming SAFA Women Empowerment Committee and replicating the digital initiatives of ICAI.

ICAI sets eyes on global standards
November, 28th 2008
The recent planning and initiative of the Institute of Chartered Accountants of India (ICAI) are now directed to make India as a destination for accounting as well as auditing services. Apart from converging with the international financial reporting standards (IFRS) by April 1, 2011, it is now planning to convergence with the international auditing standards. ICAI president Ved Jain told Fe that if a person wants to take audit service from India then he needs to be sure that India makes use of auditing standards that are used world over. Keeping this in mind, ICAI is now focusing towards convergence with global auditing standards which will ensure that accounting and auditing services in India will be of international level and it will create professional opportunities and avenues not only in accounting services but also in auditing services. The implication of this will be that it will increase the outsourcing opportunities since the Indian CAs will be capable of providing the global level accounting as well as auditing services. Moreover, the foreign players will also be comfortable in doing business in India as they would be aware that the Indian accounting and auditing standards are in sync with the international ones. According to ICAI sources, keeping this in mind, the chartered accountant (CA) course content, education and training is being focused more to ensure that the Indian CA is able to meet the global expectations and high international standards. Ved Jain said that keeping in view the global financial crisis where the Indian regulators and systems have performed well as compared to the developed nations in US and Europe, on the same lines, it is imperative that India emerges as a leader in providing both accounting as well as auditing services. He added that the ICAI is now planning to make the chartered accountancy profession truly global and for that purpose it is in talks with various accounting bodies world over. Jain further said, With the adoption of the global standards, the Indian CAs will be much in demand to provide not only the accounting services but also the auditing services world over. With the advancement of technology and communication, accounting and auditing standards have become borderless and I see no reason why India should not be a destination for whole of the worlds accounting and auditing services on the same level as India is a destination for IT services.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

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