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 CPE Events 22 January - 27 January 2018
 Revised Standard on Auditing (SA) 720, “The Auditor’s Responsibilities Relating to Other Information”
 ICAI has clarified that there is no error in the results of CA Final examination held in November 2017 declared on Jan. 17,
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 Result of the Information Systems Audit [ISA] Assessment Test held on 23rd December 2017 is likely to be declared on 17th January, 2018.

Fair value accounting stressed
December, 20th 2008
AN INDIAN finance professional has highlighted the importance of fair value accounting at times of financial crisis. Ramesh Mahalingam was speaking at a seminar organised by the Doha chapter of the Institute of Chartered Accountants of India (ICAI). Mahalingam is the chief finance and investment officer of Finance House, a UAE-registered financial institution headquartered in Abu Dhabi. The deregulation in the US banking industry blew away the restrictions on banks, both on interest rates and nature of their business, he said. He said the initiatives by standard-setting bodies such as the International Accounting Standards Board and Financial Accounting Standards Board in introducing fair value concepts in accounting and presentation of financial statements were steps in the right direction. Fair value accounting, he said, was an attempt to overcome shortcomings of historical cost, giving its users a clearer picture of the companys economic state. ICAI Doha chapter chairman Kurian Kuriakose introduced the speaker and later proposed a vote of thanks.
 
 
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