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ICAI has issued Domestic Dispute Mechanism for Cross Border Transaction which focuses on two major factors leading to uncertainty in taxation system i.e., dispute resolution and international taxation. Generally, tax uncertainty in disputes can be addressed through an effective domestic dispute mechanism and through an international tax treaty resolution mechanism.

Mechanism

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ICAI has issued Internal control manual for State owned universities as most of the state-owned universities are still following conventional method of accounting and doesn’t have an internal control system / manual, internal financial controls and Standard operating procedures in place to prevent, detect and control revenue leakages and wasteful expenditures.

A basic and scalable internal control system/manual has been developed with sound internal control framework, standard operating procedures & risk control matrices.

Manual

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ICAI has issued Educational Material on Valuation Standards which contains summary of ICAI Valuation Standard- 301 discussing the key requirements of the Standard in brief, Case Studies, Illustrations and the Frequently Asked Questions (FAQs) covering the issues, which are expected to be encountered frequently while implementing this Standard.

Educational Material

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ICAI has issued Educational Material on Ind AS 105 which addresses certain relevant aspects envisaged in the Standard by way of brief summary of the Standard and Frequently Asked Questions (FAQs) which are being/expected to be encountered while implementing the Standard.

Educational Material

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Sustainability Reporting Standards Board of ICAI is bringing out this “Background Material on Business Responsibility and Sustainability Reporting (BRSR)”.

  • This background material contains an overview of global trends in corporate sustainability reporting, National Guidelines on Responsible Business Conduct, 2018 (NGRBC), UN Sustainable Development Goals, MCA BRSR disclosures, sustainable finance, assurance aspects, etc.
  • The objective is to assist chartered accountants in playing proactive role in integration of business practices in line with global sustainability frameworks and support businesses to measure, assess and report social impacts.

Background Material

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Requirement of at least 1 woman director on the board has opened a window of opportunity for women professionals to take active and considerable part in the functioning of an organization. This has also created vistas of opportunity for professionals to acquire experience beyond working in traditional practice or firm.

This Handbook will be of great significance and will provide assistance and motivation to our women members to become part of the decision-making process in the corporate world and acquire the position of Independent Director.

Handbook

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As part of Growing together series CA Parivaar under the mentorship of CA. (Dr.) Sanjeev Kumar Singhal has started a new series –“Gist of commonly observed errors in financial reporting” Every week we are giving gist of 7 cases and their observation as enclosed in the attached file. These are serially numbered. The idea is to help you avoid common errors from financial reporting point of view.

Keep Learning

Click the link below to access the Gist of commonly observed errors in financial reporting:

Gist of commonly observed errors in financial reporting

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As part of Growing together series CA Parivaar under the mentorship of CA. (Dr.) Sanjeev Kumar Singhal has started a new series –“Gist of commonly observed errors in financial reporting” Every week we are giving gist of 7 cases and their observation as enclosed in the attached file. These are serially numbered. The idea is to help you avoid common errors from financial reporting point of view.

Keep Learning

Click the link below to access the Gist of commonly observed errors in financial reporting:

Gist of commonly observed errors in financial reporting

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As part of Growing together series CA Parivaar under the mentorship of CA. (Dr.) Sanjeev Kumar Singhal has started a series “Gist of ICAI Disciplinary Cases”. Every week we will be giving gist of 7 cases decided by ICAI enclosed in the attached file. These will be serially numbered. The idea is to help you avoid common errors from code of ethics point of view.

 Stay tuned

 Click the link below to access the Gist of ICAI Disciplinary Cases:

Gist of ICAI Discipliniary Cases

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As part of Growing together series CA Parivaar under the mentorship of CA. (Dr.) Sanjeev Kumar Singhal is starting a new series –“Gist of commonly observed errors in financial reporting” Every week we will be giving gist of 7 cases and their observation as enclosed in the attached file. These will be serially numbered. The idea is to help you avoid common errors from financial reporting point of view.

Keep Learning

 Click the link below to access the Gist of commonly observed errors in financial reporting:

Gist of commonly observed errors in financial reporting

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