« Professional Updates » Open DEMAT Account in 24 hrs  Draft Bank Branch Auditors' Panel (MEF) for the year 2025-26  Commencement of Live Virtual Classes for the students of CA Intermediate course appearing in September 2026/ January 2027/ May 2027 Examinations  IMPORTANT ANNOUNCEMENT - Information Systems Audit - Assessment Test (ISA - AT), 7th February 2026  Important Announcement - Self-Paced Module Test  Exposure Drafts issued by the Internal Audit Standards Board  Last Opportunity for submission of MEF 2025-26  Announcement - Hosting of Multipurpose Empanelment Form (MEF)- 2025-26  IMPORTANT ANNOUNCEMENT - CA September 2025 Exams  Postponement of Chartered Accountants Final & Intermediate Examinations Scheduled to be held on 3rd and 4th September 2025 in the State of Punjab and Jammu City only.  Inviting nomination for ICAI 40 under 40:CA Business Leader Award in association with ZEE Business.  Limit on Number of Tax Audits (effective from 1.4.2026) «  ICAI's constitutes committee on public finance... Certificate Course on Arbitration - icai... » EU extends date for Indian cos to meet accounting norms December, 24th 2008 More than 250 Indian companies, listed in bourses of countries in the European Union (EU), now have three additional years to comply with international accounting norms. The deadline was to expire this month. The move comes as a relief for many Indian firms that could have been forced to re-audit their financial statements as per International Financial Reporting Standards (IFRS) or halt operations. These firms, still following Indian accounting standards to report their financial performance, could not shift to the IFRS practices. The European Commission recently ruled that the accounting standards of India should be treated at par with IFRS temporarily. The same is applicable for companies incorporated in the US, Japan, China, Canada and South Korea. However, these firms have to meet the IFRS requirements in the next three years. The EU, which made IFRS compliance a must for all its listed entities way back in 2005, had earlier asked foreign entities on its soil to ensure convergence to IFRS by this year-end. Earlier this year, the Indian government had announced its commitment to converge the Indian accounting standards with IFRS by April 2011. The move was apparently made to safeguard the interests of the Indian entities having their presence in EU. ... The measures will mean that foreign companies (emphasis India) listed on EU markets will continue to file their financial statements prepared in accordance with those GAAPs (Generally Accepted Accounting Principles)..., a EU release said. It said that the present move will eliminate existing costly and burdensome reconciliation requirements between EU and its key trading partners. However, the EU will review the IFRS convergence programme happening in India, China, Canada and South Korea by latest 2011. The European Commission will also regularly monitor the ongoing status of equivalence in these countries. The Indian government and its accounting regulator the Institute of Chartered Accountants of India (ICAI) has taken a number of steps towards the convergence initiative which includes regulatory changes as well as transitional preparedness. Says Rahul Roy, Director, Ernst and Young India While the EUs move is a testimony to the application and rigor of accounting standards in India, it also acknowledges the genetic similarity between Indian accounting standards and IFRS. Mr Roy, a former president of ICAI, said that the move also recognises Indias commitment to converge with IFRS.