Page 5 - Icai
Set up central agency with experts to evaluate big loan proposals: ICAI
There are several small banks that don't have proper means to appraise loan proposals, in such cases, a central agency to look at the these proposals will play a better role
 "Set up central agency with experts to evaluate big loan proposals: ICAI")
ICAI opposes move to exclude CAs from carrying out valuation
Rule 11UA provides for determining the fair market value of various specified assets under Section 56 of the Income-tax Act, 1961
 "ICAI opposes move to exclude CAs from carrying out valuation")
ICAI issues advisory on joint auditors' work allocation in bank audits
The allocation of work should be in agreement with the management of the bank, said ICAI
 "ICAI issues advisory on joint auditors' work allocation in bank audits")
Govt wants separate regulator for CAs; ICAI differs
Internationally, also independent regulators have been assigned these functions in over 50 countries
ICAI proposes joint audit for private banks
YES, Axis, ICICI recently reported NPA figures for FY16 that were in variance of RBI's estimations
 "ICAI proposes joint audit for private banks")
Need to eliminate 'ad hocism' in auditor selection at PSBs: ICAI
RBI has asked banks to make the process of appointing statutory branch auditors fair
Ten years on, ICAI probe into GTB auditors' role still not complete
Action against auditors, last of the 276 recommendations of a JPC probing Ketan Parekh scam, still pending
 "Ten years on, ICAI probe into GTB auditors' role still not complete")
ICAI approaches ministries for double accounting system
Under the existing pattern (of admission test), students are depending too much on private coaching centres.
 "ICAI approaches ministries for double accounting system")
