Thursday, March 18, 2010

Exposure draft AS 10 and AS 11 issued

The ICAI has issued exposure drafts on Accounting Standard 10 and 11 in line with IAS 16 for fixed assets and IAS 21 for foreign currency exposures.


Both the exposure drafts are up for comments, these can be viewed by clicking on the following links


Wednesday, March 10, 2010

Techincal guide for internal audit of Treasury functions

The ICAI has come out with an technical guide on internal audit of treasury functions in banks. The guide will detail out an overview of the treasury functions, fundamental controls and specific checklists etc.

Tuesday, March 2, 2010

ICAI SIGNS MOU WITH ICA AUSTRALIA


The Institute has signed an MOU with ICA Australia, by which Indian CA's can apply for the equivalent of CA Australia. The MOU entails a member to get exemptions in four of the subjects.