« Professional Updates » Open DEMAT Account in 24 hrs  EMPANELMENT OF MEMBERS TO ACT AS OBSERVERS AT THE EXAMINATION CENTRES FOR THE CHARTERED ACCOUNTANTS’ EXAMINATIONS, JANUARY 2027.  Opening of Nominations for the 20th ICAI Awards.  Invitation for contribution to Question Bank in respect of Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) - Advanced IT test  Advisory regarding timely completion of statutory compliances in view of the proposed Bank Strike from 28th to 30th September 2026.  Schedule of Intermediate & Foundation Examinations, January 2027.  Commencement of Live Virtual Classes for the students of CA Foundation course appearing in January 2027 Examination  Resignation by CA. Madhukar Narayan Hiregange, FCA from the membership of the Central Council of ICAI  Observations of the candidates on the question papers of CA Intermediate and Foundation Examinations - September 2026.  Announcement for Extension of Last Date for Submitting MEF 2026-27 from 29th August to 9th September, 2026  Important Announcement - Self-Paced Module Test  Extension of Last Date to 31st August 2026 for Submission of Feedback on the Chartered Accountancy Scheme of Education and Training. «  ICAI to issue a show cause notice to Satyam auditors, PwC... Postponement of the Certificate Course on Derivatives at New... » ICAI approves three new Standards on Internal Audits January, 07th 2009 The Institute of Chartered Accountants of India (ICAI) has approved three new Standards on Internal Audit (SIA). This decision was taken at a recently concluded meeting of the ICAI. The three new SIAs, approved as an important aspect in the internal audit process, are - Communication with Management, Internal Audit Evidence and Consideration of Fraud in an Internal Audit. The Standard on Communication with Management shapes some of the fundamental issues involved such as matters to be communicated to the management by the internal auditors, forms of communications, timing of communications and adequacy of the communication process. The Standard on Internal Audit Evidence deals with the fundamental postulates of internal audit such as objective of the internal audit evidence, sufficiency and appropriateness of internal audit evidence, procedures for obtaining evidence. The Standard on Consideration of Fraud in an Internal Audit deals with the aspects like what is fraud, common fraud situations, the concept of internal control system, element of internal control system, responsibilities of the internal auditors, to whom the internal auditors will communicate about the presence of fraud, documentation of fraud risk factors when identified. Mr. T. Karthikeyan, Director with the Institute of Chartered Accountants of India (ICAI) has also been appointed as the new Secretary of ICAI. He assumed responsibilities from December 19, 2008.