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The Central Board of Direct Taxes (CBDT) formed an Accounting Standards Committee which had earlier issued draft of 14 Tax Accounting Standards in 2012. On the basis of suggestions and comments received from stakeholders, CBDT revised and issued a 12 draft ICDS for public opinion.
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 ...
Download QR code; Print/export ... CII, FICCI, etc. ICAI is an independent body formed under an act of parliament. ... Ind AS 109 [10] Financial Instruments
National Advisory Committee on Accounting Standards (NACAS) is a body set up under section 210A of the Companies Act, 1956 by the Government of India.It advises the Central Government on the formulation and laying down of accounting policy and accounting standards for adoption by companies . [1]
In India, a Chartered Accountant is a qualified accountant of the Institute of Chartered Accountants of India.Chartered Accountants have knowledge of various subjects like accounting, auditing, corporate laws, costing and various aspects of direct and indirect taxation.
CHICAGO (CBS) -- Chicago's own Malik Yusef was nominated for a Grammy Award this year for his own spoken word poetry album.. Yusef didn't win this time. It also was not Yusef's first time at the ...
The ICAI notification issued on August 3, 1989 says that "if any member of ICAI, i.e. any Chartered Accountant, who obtained the qualification of Chartered Financial Analyst [awarded by ICFAI] on or after January 1, 1990, or has obtained the said qualification earlier did not surrender the same before the said date, [he/she] would be held ...
Entity-level controls, along with all other internal controls should be evaluated by independent auditors according to SAS 109 (AU 314) issued by the AICPA. SAS 109 stipulates that "auditors should obtain an understanding of the five components of internal control sufficient to assess the risk of material misstatement of the financial ...