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ICAI »
 CPE Events 27th February - 4th March 2017
 Guidance Note on Audit of Banks 2017 edition issued by the Auditing and Assurance Standards Board
 Constitution of Group to consider the entire structure to study circles, exploring ways and means to obtain independent PAN, TAN, Service Tax registration
 Group for formulating Foreign Travel Policy of the Institute
 Register for Webinar Organized By CPA Ontario in Association with Canada (Toronto) Chapter of ICAI on March 15, 2017.
 CPE Events 20th February - 25th February 2017
 Regarding Empanelment of professionals having at least fifteen years of continuous practice as a Chartered Accountant with RD MCA as Mediator or Conciliator for the year 2017-2018
 Extension of the Last date for submission of online application for empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2017-18.
 CPE Events 13th February - 18th February 2017
 ICAI elects New Torch-Bearers for the year 2017-18
 Condonation of Breach of Regulation 65 & 78 - Non submission of Form 112

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.
 
 
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