« Professional Updates » Open DEMAT Account in 24 hrs  Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects  Invitation for contribution to Question Bank in respect of Self-paced Online Module Examinations (Set-C & Set-D)  India to be Accounting and Finance Hub : Invitation for Comments/Suggestions: Consultation Paper on Draft IFSCA (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations 2024   Auditing and Assurance Standards Board - Online Panel of Experts for addressing Bank Branch Audit related queries  Board of Internal Audit and Management Accounting of ICAI is organizing Webinar on "Identifying Red Flags and Report Writing by Internal Auditors" - March 27,  Revised Applicability of Peer Review Mandate (Phase II & III)  Important Announcement - Reschedulement of Chartered Accountant Examinations, May 2024   IMPORTANT ANNOUNCEMENT  Extension of Last Date for Online Empanelment of Members to act as Observers for May/June 2024 Examinations up to 15th March 2024  Empanelment of Members to act as Observers at the Examination Centres for the Chartered Accountants Examinations May/June 2024  Guidance Note on Audit of Banks (2024 Edition) «  ICAI-Nomination of Shri Gautam Guha, Director General... ICAI-Exposure Draft of General Purpose Financial Reporting... » ICAI-Regulation of Foreign Chartered Accountant Firms - Press Information Bureau, Government of India April, 06th 2012 Regulation of Foreign Chartered Accountant Firms The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Rajya Sabha that the Indian Chartered Accountant (CA) firms are regulated by the Institute of Chartered Accountants of India (ICAI) in terms of provisions of the Chartered Accountants Act, 1949 and the Rules and Regulations framed thereunder. Further, no CA firms, whether Indian or foreign, can operate in the area of audit/ assurance services in India without being registered with the ICAI. It is, however, possible that several Multinational Accounting Firms may be operating in the country in the fields of audit/ assurance services through Indian Audit Firms/ Members who are registered with the ICAI.  Action has been initiated against the Statutory Auditors of Satyam Computer Services Limited, namely Price Waterhouse, Bangalore and its members. The names of CA. Pulavarthi Siva Prasad, CA. Chintapatla Ravindernath and CA Srinivas Talluri have been removed from the Register of Members permanently and also a fine of Rs. 5 lac each on all of them has been imposed. The decision on awarding punishment to CA. S. Goplakrishnan, and CA. V.S. Prabhakar Gupta is likely to be taken by the Disciplinary Committee of the ICAI at its next meeting.  The Minister was replying to a written question whether it is a fact that Indian Chartered Accountant (CA) firms are being regulated by the Institute of Chartered Accountants of India but the foreign CA firms practising in India are not regulated by any regulatory body.  ***** ST/-  (Release ID :81695)