« Professional Updates » Open DEMAT Account in 24 hrs  Results of the Chartered Accountants Foundation Examination held in September 2026 is likely to be declared by the evening of 6th November 2026.  Announcement - Last Opportunity for Submission of MEF 2026-27  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 «  ICAI - Announcement... L&T posts 38% jump in Q4 net, declares bonus share issue... » ICAI council Approves Accounting Standard (AS) 32, May, 26th 2008 The Council of the Institute has approved Accounting Standard (AS) 32, Financial Instruments: Disclosures. The objective of this Accounting Standard is to require entities to provide disclosures in their financial statements to enable users to evaluate the following: the significance of financial instruments for the entitys financial position and performance; and the nature and extent of risks arising from financial instruments to which the entity is exposed during the period and at the end of the reporting period, and how the entity manages those risks. In view of the above, the Accounting Standard will bring about greater transparency in the disclosures related to financial instruments such as derivatives and the exposures to the risks related to such financial instruments and how the entity manages its risks. It may be noted that the Institute has already issued the related Accounting Standards, namely, Accounting Standard (AS) 30, Financial Instruments: Recognition and Measurement and Accounting Standard (AS) 31, Financial Instruments: Presentation. Issuance of this standard completes Accounting Standards on the subject of Financial Instruments. Like AS 30 and AS 31, the Council proposes to make AS 32 recommendatory from 1st April 2009 and mandatory from 1st April 2011.