Posts Tagged ‘Announcements’


IMPORTANT ANNOUNCEMENT

October 5th, 2012

Due to paucity of accommodation in some Zones opted by the candidates in the cities of Chennai, Indore and Mumbai some of the candidates have been allotted examinations centres in the zone other than the zone opted in the said cities. In view of this, it is not possible to accede to the requests of the candidates for transfer to an examination centre in a particular zone of the city opted by them.

While inconvenience caused in the matter is deeply regretted, we seek the cooperation from the ICAI students and other stakeholders in this regard.

(G. Somasekhar)

Additional Secretary (Exams)

Source: The Institute of Chartered Accountants of India.


Important Announcement

BOS/Announcement/2012 dated September 28, 2012

Since the last date of submission of Registration Forms under Direct Entry Scheme for Articled Training is 30th September, 2012 i.e. Sunday, the offices of The Institute of Chartered Accountants of India (ICAI) will remain open on 29th & 30th September, 2012 (Saturday and Sunday) and forms will be accepted to enable the students to avail the benefit of appearing in May, 2013 Examination and completing Orientation and ITT Courses by 31st March, 2012 as mentioned in our earlier Announcement dated 16th August, 2012.

Director, Board of Studies

Source: The Institute of Chartered Accountants of India.

 

 

 


Announcement for Empanelment as a Technical Reviewer with the Quality Review Board

Dated: 5th September, 2012

The Government of India has, in exercise of the powers conferred by Sec. 28A of the Chartered Accountants Act, 1949, constituted a Quality Review Board to perform the following functions:-

  • to make recommendations to the Council with regard to the quality of services provided by the members of Institute;
  • to review the quality of services provided by the members of the Institute including audit services; and
  • to guide the members of the Institute to improve the quality of services and adherence to the various statutory and other regulatory requirements.

2.   In exercise of the powers conferred by clauses (f) and (g) of Sub-section (2) of Section 29A read with Section 28C of the Chartered Accountants Act, 1949, Government of India has also issued ‘Chartered Accountants Procedures of Meetings of Quality Review Board, and Terms and Conditions of Service and Allowances of the Chairperson and Members of the Board Rules, 2006’. In terms of its Rule 6, in the discharge of its functions, the Board may evaluate and review the quality of work and services provided by the members of the Institute in such manner as it may decide and also lay down the procedure of evaluation criteria to evaluate various services being provided by the members of the Institute and to select, in such manner and form as it may decide, the individuals and firms rendering such services for review.

3.   In terms of the aforesaid Rule 6, the Quality Review Board had issued the Procedure for Quality Review of Audit Services of Audit Firms available at its website http://www.qrbca.in. Quality Review under the Chartered Accountants Act, 1949 shall be directed towards inspection/evaluation of audit quality and adherence to various statutory and other regulatory requirements. It would involve inspection and assessment of the work of auditors while carrying out their audit function so that the Board is able to assess (a) the quality of audit and reporting by the auditors; and (b) the quality control framework adopted by the auditors/ audit firms in conducting audit.

4.   Now, with a view to carrying out the work of review of quality of audit services of auditors/audit firms in India, the Quality Review Board has decided to seek the services of members of the Institute to function as Technical Reviewers for the Board in terms of the aforesaid Procedure for Quality Review of Audit Services of Audit Firms issued by it. A suitable amount ranging upto Rs. 1 lac, as may be fixed by the Quality Review Board depending upon the volume of work involved, may also be paid as honorarium. Those interested may kindly apply in the enclosed ‘Application Form for Empanelment as a Technical Reviewer’. Those who have already applied for in the past and where there is no material change in particulars, need not apply again.

5. The Quality Review Board views that this exercise would go a long way in promoting confidence of investors and other stakeholders in corporate reporting and governance which, in turn, would help in retaining and further enhancing the credibility of the profession in the society.

Application Form: – Empanelment as a Technical Reviewer

Source: The Institute of Chartered Accountants of India.

 

 

 


Important Announcement

The Examination Committee at its 497th meeting held in September, 2012 has decided that students appearing in November 2012 examinations will not be examined with respect to specific services in the area of service tax laws in the following papers:

(i) Part-II – Service Tax and VAT of Paper 5: Taxation (PCE)

(ii) Part-II Service Tax and VAT of Paper 4: Taxation (IPCE)

(iii) Paper 8: Indirect Tax Laws (Final Examination)

Accordingly, the BoS’ announcement dated 14.09.2011 specifying eight taxable services for Paper 4: Taxation (IPCE) and thirty two taxable services for Paper 8: Indirect Tax Laws (Final) for examination purposes stands withdrawn. It is further clarified that the following chapters of the respective Study Materials will NOT be relevant for November, 2012 examinations:

(i) IPCE

Unit 2 of Chapter 2: Taxable Services of Part II: Service tax and VAT of Volumes I and II of the Study Material for Paper 4: Taxation.

(ii) Final Examination

Chapter 4: Gamut and Coverage of Taxable Services of Volumes II and III of the Study Material for Paper 8: Indirect Tax Laws.

(iii) PCE

Following chapters of Part II: Service tax and VAT of Volumes I and II of Study Material for Paper 4: Taxation (IPCC)*

  1. Unit 2 of Chapter 2: Taxable Services,
  2. Chapter 5 :Input Tax Credit and Composition Scheme for Small Dealers, and
  3. Chapter 6 : VAT Procedures

*As is already communicated, the Study Material and Practice Manual of Paper 4: Taxation (IPCC) is also relevant for Paper 5: Taxation (PCC) students.

All the remaining chapters are applicable for the examination purposes. Students may take note of it and prepare accordingly.

Any queries with regard to this announcement may be sent at smita@icai.org, shefali.jain@icai.in or swati.bos@icai.org.

Director, Board of Studies

Click here to download the above Announcement in PDF Format- Non-Applicability of Taxable Services in PCE-Paper 5: Taxation, IPCE-Paper 4: Taxation and Final-Paper 8: Indirect Tax Laws for November, 2012 examinations.

Source: The Institute of Chartered Accountants of India.


Exclusion of Certain Topics from the Paper-7A/6A of IPCC/PCC- Information Technology from November, 2012 Examination and Onwards

Important Announcement

This is to inform all students that while reviewing topics included in the Paper-7A/6A of IPCC/PCC – Information Technology, it is observed that some of the topics are not at all relevant in the present day context and thus it has been decided that no question be asked from such topics from November 2012 examination and onwards till the syllabus is thoroughly revised. Hence, no questions will be asked from the following topics in November, 2012 examination and onwards:-

Chapter/Unit

Number and Name

Syllabus

Page Numbers in

Study Material

Chapter – 1

 

Unit-I- Introduction to Computers

 

Unit-II Input and Output Devices

 

(a) Computer Hardware

 

Classification of Computers – Personal Computer, Workstation, Servers and Super computers

 

Computer Components – CPU, Inputs output devices, Storage devices, Storage devices

 

(b) Bus, I/O CO Processors, Ports (Serial, parallel, USB ports), Expansion slots, Add on cards, On board chips, LAN cards, Multimedia cards, Cache Memory, Buffers, Controllers and drivers

 

1.1- 1.105

Chapter-IV: Internet and other Technologies

 

EDI

 

4.48 – 4.53

Director, Board of Studies

Click here to download the above Announcement in PDF Format- Exclusion of Certain Topics from the Paper-7A/6A of IPCC/PCC – Information Technology from November, 2012 Examination and onwards.

Source: The Institute of Chartered Accountants of India.