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 Draft Panel for Appointment/ Re-appointment of Statutory Auditors of State Co-operative Banks (Stccbs) and Central Co-operative Banks (Ccbs) for the Year 2025-26.
 Commencement of Live Virtual Classes for the students of CA. Final course appearing in May 2026, September 2026 and January 2027 Examinations.
 Information Systems Audit - Assessment Test (ISA - AT), July 2025
 Advanced ICITSS -Adv. Information Technology Test Computer Based Mode (CBT) Schedule May, Jun, Jul, Sep, Oct, and Nov 2025
 Auditing and Assurance Standards Board Online Panel of Experts for addressing Bank Branch Audit related queries
 Results of the Chartered Accountants Intermediate and Foundation Examinations held in January 2025 declared.
 Invitation for contribution to Question Bank in respect of Self-paced Online Module Examinations (Set-A, B, C & D)
 Will deadline for income tax filing change in the new Income Tax Bill?
 Result of the Chartered Accountant Final Examinations held in November 2024 is likely to be declared on Thursday, the 26th December 2024 (Late evening) - (20-12-2024)
 Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS) Adv. Information Technology Test - Computer Based Mode (CBT) Dec 2024 Jan-Feb-Mar 2025
 Re-Scheduling of Chartered Accountants Examination scheduled to be held on 13th November 2024 (Wednesday) at the Examination Centre(s) at Hazaribagh (Jharkhand), Jamshedpur (Jharkhand), Ranchi (Jharkhand), Raipur (Chhattisgarh) and Jhunjhunu (Rajasthan)

Invitation of Comments on Exposure Draft of ASLB 13, ‘Leases’ latest by September 8, 2019
August, 13th 2019
Committee on Public Finance and Accounting Standards for Local Bodies
Announcement


The Institute of Chartered Accountants of India (ICAI), as a partner in nation building, has been taking various steps to improve the Government Accounting and Public Financial Management in India. During the Council Year 2019-20, Committee on Public Finance and Accounting Standards for Local Bodies (CPF&ASLB) has been constituted in ICAI to carry forward the initiatives of two erstwhile Committees (i.e., Committee on Accounting Standards for Local Bodies (CASLB) and Committee on Public Finance and Government Accounting (CPF&GA)). Amongst others, the primary activities of the erstwhile CASLB was to prescribe accrual based accounting framework, i.e., Accounting Standards for Local Bodies(ASLBs) which is being carried forward under the newly constituted Committee.

It is worth appreciating that the Local Bodies in India are shifting to accrual basis of accounting and are drawing accounting guidance from National Municipal Accounts Manual (NMAM) in this regard that was issued during 2004. 

ASLBs are being issued by the ICAI as an extension of NMAM incorporating the accounting developments over these 15 years and also to address the areas that are not covered in NMAM. ASLBs are based upon the International Public Sector Accounting Standards (IPSASs - International best Accounting Standards for all level of Governments), and also takes into account the India’s unique governance & demographic features. Fifteen ASLBs were issued by the erstwhile CASLB. Moving forward in this direction, the CPF&ASLB has finalised the Exposure Draft of ASLB 13, ‘Leases’ 

(Download Exposure Drafts: https://www.icai.org/comments/caslb/

Local Bodies enters into number of lease transactions, i.e., various assets are leased-in and leased out by the Local Bodies. The aforesaid ASLB sets out the principles for the recognition, measurement, presentation and disclosure of leases. The ASLB being issued by the ICAI would provide detailed accounting guidance for the same would be very useful for Local Bodies. The comments on the above Exposure Draft are invited which can be submitted using one of the following methods, so as to be received not later than September 8, 2019:

1. Electronically: Click on https://www.icai.org/comments/caslb/ to submit comments online
2. Email: Comments can be sent to: caslb@icai.incpf.aslb@icai.in
3. Postal: Head, Technical Directorate
The Institute of Chartered Accountants of India,
ICAI Bhawan, Post Box No. 7100,
Indraprastha Marg, New Delhi 110002
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