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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 to form Review Reporting Board to inspect audit reports
March, 06th 2009

The Institute of Chartered Accountants of India (ICAI), the body that regulates the profession of chartered accountancy in the country, plans to set up a board to randomly scan the audit reports of banks, financial institutions and state-owned enterprises to avoid Satyam-like episode.

ICAI president Uttam Prakash Agarwal said the new board, to be called the Review Reporting Board (RRB), will have powers to examine even unlisted firms.

Currently, the Financial Reporting Review Board (FRRB), which was set up in 2004 to monitor and regulate the functioning of CAs in the country, picks up audit reports of about 50-60 listed companies and non-government organisations (NGOs) to see whether procedures are being followed.

Agarwal said he would bring the RRB proposal during the two-day council meet beginning on March 7. He added the RRB would have seven to eight members.

Like the FRRB, the new board can take suo moto action against the auditor if the audit report is not in order.

Six CAs to help CBI in Satyam probe
In another development, the Central Bureau of Investigation (CBI) has entrusted the ICAI with the task of studying the auditing and accounting aspects of the Rs 7,000-crore Satyam fraud. A group of five-six senior CAs from Hyderabad has been constituted to examine this area of probe where the CBI doesnt have the expertise, Agarwal told Business Standard.

On being asked why S Gopalakrishnan, the tainted partner of Price Waterhouse who is in jail for his alleged involvement in the Satyam fraud, is still part of 11 committees of ICAI, Agarwal said the ICAI council was yet to consider the GTB case report (Gopalakrishnan along with other two auditors was found guilty) and unless the council declared him guilty as a president, he would continue to be part of these committees. However, he added that as a precautionary measure, Gopalakrishnan was not chairing any committee despite being a senior member.

 
 
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