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ICDS were issued with the aim of bringing uniformity in accounting policies governing computation of income in accordance with tax related provisions, and also reducing the irregularities amongst them. The ICDS were developed using Generally Accepted Accounting Principles (GAAPs) with assistance from the Institute of Chartered Accountants of India.
The Institute of Chartered Accountants of India (ICAI) has constituted a committee to deliberate on FAIS, which are expected to be framed by the end of this year 2020. The Institute of Chartered Accountants of India will be the first body in the accounting world to develop a full set of FAIS standards for forensic professionals and stakeholders ...
ASB is a committee under Institute of Chartered Accountants of India (ICAI) which consists of representatives from government department, academics, other professional bodies viz. ICAI, representatives from ASSOCHAM, CII, FICCI, etc. ICAI is an independent body formed under an act of parliament.
The CPT or Common Proficiency Test was the first level of Chartered Accountancy examinations in India which has been changed to CA Foundation according to ICAI's revised scheme. [ 1 ] Eligibility
CA Foundation contains 5 series of papers. The CA Foundation exam replaced the CA-CPT exam and now is conducted by the Institute of Chartered Accountants of India (ICAI) thrice a year. After the CA Foundation exam, students need to complete the Intermediate and Final levels as well to become a chartered accountant
Chartered accountants were the first accountants to form a professional accounting body, initially established in Scotland in 1854.The Edinburgh Society of Accountants (1854), the Glasgow Institute of Accountants and Actuaries (1854) and the Aberdeen Society of Accountants (1867) were each granted a royal charter almost from their inception. [1]
The standards lays down the primary qualitative measures for conducting investigations. The full set of FAIS standards drafted for the forensic professionals by The Institute of Chartered Accountants of India (ICAI) with the help of group of professionals and experts is the first in the accounting world. [1]
Kamlesh was born in December 1960 in Mumbai in a family of highly educated people. His father, Mr.Shivji K. Vikamsey was a Chartered Accountant and a past member of the central council of ICAI. His younger brother, Mr.Nilesh Shivji Vikamsey is also a Chartered Accountant and was the past president of the ICAI.