« Professional Updates » Open DEMAT Account in 24 hrs  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)  The AI Committee of The Institute of Chartered Accountants of India (ICAI) invites unconditional Expressions of Interest (Technical Proposals) from experienced AI companies that have developed AI tools for finance, accounting, tax compliance, legal document drafting, and AI similar services  Important Announcement - Stringent Action against candidates for adopting Unfair Means during CA Examination  Important Announcement - Launch of Self-Paced Module Test (SPMT) Portal «  Announcement for postponement of National Conference on... 40th Regional Conference of SIRC of ICAI... » ICAI sets eyes on global standards November, 28th 2008 The recent planning and initiative of the Institute of Chartered Accountants of India (ICAI) are now directed to make India as a destination for accounting as well as auditing services. Apart from converging with the international financial reporting standards (IFRS) by April 1, 2011, it is now planning to convergence with the international auditing standards. ICAI president Ved Jain told Fe that if a person wants to take audit service from India then he needs to be sure that India makes use of auditing standards that are used world over. Keeping this in mind, ICAI is now focusing towards convergence with global auditing standards which will ensure that accounting and auditing services in India will be of international level and it will create professional opportunities and avenues not only in accounting services but also in auditing services. The implication of this will be that it will increase the outsourcing opportunities since the Indian CAs will be capable of providing the global level accounting as well as auditing services. Moreover, the foreign players will also be comfortable in doing business in India as they would be aware that the Indian accounting and auditing standards are in sync with the international ones. According to ICAI sources, keeping this in mind, the chartered accountant (CA) course content, education and training is being focused more to ensure that the Indian CA is able to meet the global expectations and high international standards. Ved Jain said that keeping in view the global financial crisis where the Indian regulators and systems have performed well as compared to the developed nations in US and Europe, on the same lines, it is imperative that India emerges as a leader in providing both accounting as well as auditing services. He added that the ICAI is now planning to make the chartered accountancy profession truly global and for that purpose it is in talks with various accounting bodies world over. Jain further said, With the adoption of the global standards, the Indian CAs will be much in demand to provide not only the accounting services but also the auditing services world over. With the advancement of technology and communication, accounting and auditing standards have become borderless and I see no reason why India should not be a destination for whole of the worlds accounting and auditing services on the same level as India is a destination for IT services.