The most comprehensive news portal for Chartered Accountants and Other Professionals around the world.
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December,
22nd 2014
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CPE HOURS REQUIREMENTS FOR THE BLOCK PERIOD OF 3 YEARS (1-1-2014 TO 31- 12-2016) TO BE COMPLIED WITH BY DIFFERENT CATEGORIES OF MEMBERS
A. All the members (aged less than 60 years) who are holding Certificate of Practice (except all those members who are residing abroad) are required to:
a)Complete at least 90 CPE credit hours in a rolling period of three-years.
b)Complete minimum 20 CPE credit hours of structured learning in each |
The
Auditing and Assurance Standards Board is issuing the following
illustrative formats for engagement letter for audit of Financial
Statements under the Companies Act, 2013 and the Rules thereunder. These
illustrative formats were approved by the Council of the Institute of
Chartered
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Regulation
5 (3) of the Chartered Accountants Regulations, 1988 provides for
eligibility to become a fellow member of the Institute on the basis of
service in specified industries and organizations An associate member is eligible for admission as a Fellow Member if he/she satisfies the eligibility conditions laid down under Regulation 5(3) of the Chartered Accountants Regulations, 1988 as under; |
| Requirement | Manager - Indirect Tax - 3060/[2013] | ||
| Location | |||
| Openings | 1 | Experience | 5.00 to 7.00 years |
| Education | NA | ||
| Skills | Indirect Tax Expereince | ||
The income tax returns filed by an assessee and further information that is provided during the assessment proceedings may also include confidential information relating to the business or the affairs of an assessee. An assessee is expected to truly and fairly disclose particulars relevant for the
| Taking into account the wider perspective of Employee Benefit
Schemes in India as well as overseas and with the intent to align the
provisions of the extant regulations with the Companies Act, 2013, the
Market Regulator, SEBI has floated new Regulatory framework governing the
regime of Employee Welfare Programmes. These new Regulations have been
named SEBI (Share Based Employee Benefit Schemes)
Regulations, 2014, w.e.f 28 October, 2014. This move of SEBI is a welcoming step that aims at streamlining the regulatory framework with the dynamic business environment thereby ensuring transparency in the |
| Requirement | Senior Associate - SPA - 5050/[2014] | ||
| Location | |||
| Openings | 1 | Experience | 2.00 to 4.00 years |
| Education | NA | ||
| Skills | See above for description. | ||
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| Job Description |
Job Profile :
PwC's
Systems and Process Assurance (SPA) practice provides services related
to controls around the financial reporting process, including financial
business process and IT management controls. Serving both audit and
non-audit clients, SPA provides:
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YOU MAY SEE THE
FOLLOWING TABLE SHOWING THE RELEVANT PROVISIONS RELATING TO APPOINTMENT OF
FIRST AUDITOR OF COMPANY.
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Which
Section will apply for appointment of First Auditor
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Section
139(1)
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Who will
Appoint First Auditor
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Board of
Directory By Passing Board Resolution in Board Meeting
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Time
Limit for Appointment of First Auditor
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Within 30
days from Incorporation of Company
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Who will
Appoint First Auditor if Board of Director Fails to Appoint First Auditor
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Members
of Company by Passing of Ordinary Resolution in Extra Ordinary General
Meeting
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What is
the Tenure of Office of First Auditor?
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First
Auditor may hold office until conclusion of First Annual General Meeting
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Whether First
Auditor can be remove before First Annual General Meeting, If appointed in
General Meeting.
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Yes, by
Members of Company by Passing of Special Resolution, After obtaining the
previous approval of Central Government in that behalf
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Whether
First Auditor can be Appoint Through AOA & MOA.
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No, the
Appointment of First Auditor by the Articles of Company will not be valid.
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