Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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
 
 
 
 
Popular Search: VAT RATES :: list of goods taxed at 4% :: articles on VAT and GST in India :: VAT Audit :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: due date for vat payment :: form 3cd
 
 
ICAI »
 Exposure Draft of Ind AS 117, Insurance Contracts
 Discontinuation of Post Qualification Course (PQC) on Tax Management
 CPE Events 12 Februaary - 17 Februaary 2018
 Empanelment of Members to act as Observers at The Examination Centres for The Chartered Accountants Examinations May / June 2018.
 Compendium of ITFG Clarification Bulletins
 68th Annual Function - 3.00 PM onwards on 6th February, 2018 - Members are cordially invited to attend. Please visit - https://www.icai.org/invitation.html to print Invitation Card.
 Post Qualification Course in International Taxation - Assessment Test (INTT-AT)-May, 2018 Application Form
 Highlights of Tax Proposals - Union Budget 2018-19
  Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 14
 Special Examination for Members of Foreign Accounting Bodies with whom the ICAI had entered into Mutual Recognition Agreement (MRA) / Memorandum of Understanding (MoU)
 Important Announcement - Regarding Extension of Last Date of Payment of Membership Fees to 15th March, 2018

ICAI objects to RBI group's suggestion for autonomy to its arm
April, 04th 2009

Apex accounting body ICAI has raised objections to the recommendations of the Rakesh Mohan Committee on more autonomy to the Accounting Standards Board, an arm of the regulator, saying that the panel hasn't suggested anything that is already not in place.

"The composition of the Accounting Standards Board (ASB) is fairly broad-based and ensures participation of all interest groups in the standard-setting process," Institute of Chartered Accountants of India President Uttam Aggarwal told reporters here.

The Board frames accounting norms and financial reporting procedures. The Rakesh Mohan Committee on Financial Sector Assessment has suggested that functional autonomy be given to the ASB.

The institute, however, objected to the recommendations saying the ASB already has the autonomy, that has been talked about.

To put it in context, the ICAI said a final draft of any proposed accounting standard can be submitted only to the council of the accounting body after the ASB approves. Also, if there are any modifications proposed by the council, they can made only in consultation with the ASB.

"As such the procedure in place not only provides for a pivotal role to the ASB but also ensures functional autonomy of ASB in substance," it said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

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