Click here to download the form. This form has been prepared by CA. Mukesh Saran
M.Com.,FCA, ISA-ICAI
M.Com.,FCA, ISA-ICAI
The most comprehensive news portal for Chartered Accountants and Other Professionals around the world.
Saturday, July 30, 2011
Result of CA PCE and IPCE Exams likely to be declared tentatively on Monday, the 8th August, 2011
Results of the Chartered Accountants Professional Competence and Integrated Professional Competence Examinations held in May, 2011 are likely to be declared tentatively on Monday, the 8th August, 2011 around 2 P.M
The results of the Chartered Accountants Professional Competence and Integrated Professional Competence Examinations held in May, 2011 are likely to be declared tentatively on Monday, the 8th August, 2011 around 2 P.M. and the same as well as the merit list (candidates securing a minimum of 55% and above marks and upto the maximum of 50th Rank and in accordance with the decision of the Examination Committee) on all India basis will be available on the following website:
Arrangements have also been made for the students desirous of having results on their email addresses to pre-register their requests at the above website, i.e.,
http://www.caresults.nic.in from 4 th August, 2011. All those registering their requests will be provided their results through e-mail on the e-mail addresses registered as above immediately after the declaration of the result.
Further facilities have been made for students of Professional Competence and Integrated Professional Competence Examinations held in May, 2011 desirous of knowing their results with marks on SMS. The service will be available through MTNL and India Times.
For getting results through message students should type:
(i) for Professional Competence Examination result the following
CAPCE(Space)XXXXX (where XXXXX is the five digit PCE examination roll number of the candidate)
e.g. CAPCE 00197
(ii) for Integrated Professional Competence Examination result the following
CAIPCE(Space)XXXXXX (where XXXXXX is the six digit IPCE examination roll number of the candidate)
e.g. CAIPCE 002971
and send the message to
52001 - for DOLPHIN AND TRUMP users only
58888 - for all mobile services - India Times
XBRL date extended and CS/CWA can also sign
Filing of balance sheet and P&L in XBRL is made mandatory for certain companies and the due date for filing the Financial statement in XBRL format originally fixed as 30.09.2011 is extended to 30.11.2011.
Moreover, only statutory auditors can only certify theXBRL statement. Now, Cost accountants and Company secretaries are also allowed.
ICAI - Free Online Exam Forms for November 2011
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ADVISORY FOR MULTOPURPOSE EMPANELMENT & REVISED NORMS FOR CATEGORISATION
ADVISORY FOR MULTIPURPOSE EMPANELMENT FORM (MEF) FOR THE
YEAR 2011-12
1. Last date for submission of applications on the website www.meficai.org is 27th August,
2011.(5.30 P.M.)
2. Members are advised to fill MEF well in advance to avoid last minute rush and technical
problems.
3. The information filled in by the applicant in MEF can be edited/modified any number of
times before online submission of MEF.
4. All correspondence, acknowledgement, discrepancy letters, etc. will preferably be through
e-mail only. Please fill up e-mail id correctly and ensure that it is active.
5. Unique Code Number (UCN) is allotted by the Institute. UCN is very important because it
facilitates in compiling the applicants' bank audit experience. Therefore, an applicant must
ensure that correct UCN appears in the MEF.
6. Old applicant practising in individual name should continue to use the same UCN in case
he forms a sole proprietary concern.
7. Members may note that experience in capacity, as articled/audit assistant or paid
employee/assistant should not be added in experience columns' to be mentioned in
Questions of MEF.
8. In case the applicant was appointed as Central/Branch Statutory Auditor of a Public Sector
Bank in the previous financial year, the following may be noted to avoid conflict of
interest:
a) Don’t associate with the same Bank (of which the applicant is appointed as statutory
auditor) or any of its subsidiaries/associates, as concurrent/internal/ income and
expenditure or revenue auditor/stock auditor/auditor of borrowers accounts.
b) Don’t take a loan (including outstanding on credit card) from/give a guarantee to a
loan from the same Bank (of which the applicant is appointed as statutory auditor) or
any of its subsidiaries/associates.
c) Don’t accept the position of a Director on the Board of the same Bank (of which the
applicant is appointed as statutory auditor) or any of its subsidiaries/ associates.
9. If an applicant has done audit of two or more than two entities or Statutory Central and/or
as well as branch audit of a Bank for the same year, then it should be counted as one year
experience only, while filling-up various entries in the form.
10. The Institute reserves right to call for from the applicant additional information including
financial documents, annual financial statements, income tax & service tax returns and
such other documents, as may be considered appropriate.
11. While every care is taken in preparing the panel, in the event of any inadvertent mistake
or omission, the Institute will not be responsible in any manner.
YEAR 2011-12
1. Last date for submission of applications on the website www.meficai.org is 27th August,
2011.(5.30 P.M.)
2. Members are advised to fill MEF well in advance to avoid last minute rush and technical
problems.
3. The information filled in by the applicant in MEF can be edited/modified any number of
times before online submission of MEF.
4. All correspondence, acknowledgement, discrepancy letters, etc. will preferably be through
e-mail only. Please fill up e-mail id correctly and ensure that it is active.
5. Unique Code Number (UCN) is allotted by the Institute. UCN is very important because it
facilitates in compiling the applicants' bank audit experience. Therefore, an applicant must
ensure that correct UCN appears in the MEF.
6. Old applicant practising in individual name should continue to use the same UCN in case
he forms a sole proprietary concern.
7. Members may note that experience in capacity, as articled/audit assistant or paid
employee/assistant should not be added in experience columns' to be mentioned in
Questions of MEF.
8. In case the applicant was appointed as Central/Branch Statutory Auditor of a Public Sector
Bank in the previous financial year, the following may be noted to avoid conflict of
interest:
a) Don’t associate with the same Bank (of which the applicant is appointed as statutory
auditor) or any of its subsidiaries/associates, as concurrent/internal/ income and
expenditure or revenue auditor/stock auditor/auditor of borrowers accounts.
b) Don’t take a loan (including outstanding on credit card) from/give a guarantee to a
loan from the same Bank (of which the applicant is appointed as statutory auditor) or
any of its subsidiaries/associates.
c) Don’t accept the position of a Director on the Board of the same Bank (of which the
applicant is appointed as statutory auditor) or any of its subsidiaries/ associates.
9. If an applicant has done audit of two or more than two entities or Statutory Central and/or
as well as branch audit of a Bank for the same year, then it should be counted as one year
experience only, while filling-up various entries in the form.
10. The Institute reserves right to call for from the applicant additional information including
financial documents, annual financial statements, income tax & service tax returns and
such other documents, as may be considered appropriate.
11. While every care is taken in preparing the panel, in the event of any inadvertent mistake
or omission, the Institute will not be responsible in any manner.
Revised norms for categorization of audit firms for their
empanelment as branch auditors for public sector banks
and branch allocation to different categories of audit firms.
Category | No. of CAs exclusively associated with the firm (full-time) | No. of partners exclusively associated with the firm (full time) (Out of 2) | Professional staff | Bank audit experience | Standing of the audit firm |
(1) | (2) | (3) | (4) | (5) | (6) |
I. | 5 | 3 | 8 | The firm or at least one of the partners should have a minimum of 8 years experience of branch audit of a nationalized bank and/or of a private sector bank with deposits of not less than Rs.500 crore. | 8 years |
II. | 3 | 2 | 6 | The firm or at least one of the partners should have preferably conducted branch audit of nationalized bank or of a private sector bank with deposits not less than Rs.500 crore for at least 5 years. | 6 years (for the firm or at least one partner) |
III. | 2 | 1 | 4 | The firm or at least one of the CAs should have preferably conducted branch audit of a nationalized bank or of a private sector bank with deposits not less than Rs.500 crore for at least 3 years. | 5 years (for the firm or at least one partner) |
IV. | 2 2 Even proprietorship concern without bank audit experience may be considered as hitherto. (The proprietary concerns of Chartered Accountants with 1 paid CA, 2 professional staff and not having any statutory branch audit experience of a nationalized bank or of a private sector bank with deposits not less than Rs.500 crore will be treated at par with the partnership firm after deducting their 3 years seniority from the date of their establishment). | 2 | Not necessary | 3 years |
Download IFRS made easy EBook
Go to the following link for downloading the book http://www.wowebook.com/book/ifrs-made-easy/
Important Annoucement by ICAI relating to Minimum Audit Fee in respect of Audit
| ANNOUNCEMENT |
| No. ICAI/ESB/2011/01 |
| All the members of Institute of Chartered Accountants of India (ICAI) are hereby informed that in terms of the Council decision taken at its 306th Meeting held on 7th - 8th June, 2011, the Chapter-XII (Minimum Audit Fee in respect of Audit) of the Council General Guidelines, 2008 appended to the ICAI publication titled “ The Chartered Accountants Act, 1949” has been repealed with effect from 7th June, 2011 |
Important Accouncement 1 for members by ICAI regarding "relative" of member
| ANNOUNCEMENT |
| No. ICAI/ESB//2011/02 |
| All the members of the Institute of Chartered Accountants of India (ICAI) are hereby informed that in terms of its decision taken at the 299th Meeting of the Council held on 27th – 28th October, 2010, it has been decided that the term “relative” for the purpose of Chapter-IV of Council General Guidelines, 2008 (Opinion on Financial Statements when there is substantial interest) will have the same meaning as assigned to it in AS-18. |
| Accordingly, the Chapter IV of the Council General Guidelines, 2008 as appended to the ICAI publication titled “The Chartered Accountants Act, 1949 “ is modified and modified version shall read as under - |
| “Chapter IV Opinion on financial statements when there is substantial interest |
| 4.0 A member of the Institute shall not express his opinion on financial statements of any business or enterprise in which one or more persons who are his “relatives” within the meaning of Accounting Standard (AS - 18) has / have, either by themselves or in conjunction with such member, a substantial interest in the said business or enterprise. |
| Explanation: For this purpose and for the purpose of compliance of Clause (4) of Part I of the Second Schedule to the Chartered Accountants Act, 1949, the expression “substantial interest” shall have the same meaning as is assigned thereto under Appendix (9) to the Chartered Accountants Regulations, 1988. “ |
| This decision shall be in force with effect from 28th June, 2011 |
Balance sheet in XBRL mode can be filed upto 30-11-2011 or within 60 days of due date
Filing of Balance Sheet and Profit and Loss Account in eXtensible Business Reporting Language(XBRL) mode. Circular No. 57/2011 dated 28.7.2011.
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