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 Group for Monitoring the Implementation of Documents Management System in the Disciplinary Directorate
 Group for Review of Procedure for General Elections to the Council and Regional Councils
 Extension of the last date for submission of examination application forms in respect of Special Examination for members of foreign accounting bodies held under MRA/MOU entered into by ICAI with the foreign accounting bodies.
  Implementation Guide to SA 701, "Communicating Key Audit Matters in the Independent Auditor’s Report" issued by the Auditing and Assurance Standards Board
 Extension of the Last date for submission of Online Application for Empanelment of Chartered Accountants Firms/LLPs with O/o C&AG for the year 2018-19.
 Exposure Draft of Ind AS 117, Insurance Contracts
 Discontinuation of Post Qualification Course (PQC) on Tax Management
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 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.

ICAI finds irregularities in operations of MNC audit firms
May, 08th 2012

The government today said accounting regulator ICAI has found irregularities in the operations of certain multinational audit firms in the country.

The high-power committee appointed by the Institute of Chartered Accountants of India for examining the operation of Multinational Network Accounting Firms (MAFs) has found the irregularities, Minister of State for Corporate Affairs R P N Sigh said in a written reply to the Rajya Sabha.

The Committee has observed that "certain Indian CA firms and private limited companies associated with them pose as if they are actually MAFs in India whereas to the ICAI report themselves purely as Indian CA firms having no relationship with foreign entities."

The Committee, in its report, has said that around 27 per cent of audit firms have furnished incomplete information and masked or not provided important information sought by the ICAI.

 
 
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