CAI allows Use of Electronic Signature for Signing Audit Reports and Certificates

ICAI allows Use of Electronic Signature for Signing Audit Reports and Certificates

In the vein of increasing the digital usability of reports, the Institute of Chartered Accountants of India (ICAI) has announced a policy change permitting the use of electronic signatures to sign audit reports and certificates for the first time. The ICAI has said, The members of ICAI may use an e-signature for signing audit reports, all reports issued pursuant to any attestation engagement and certificates. However, the members need to ensure compliance with all the […]

XBRL India

Key figure in XBRL India elected President of ICAI

A man with astute intellect, quick understanding and sharp vision, CA. Atul Kumar Gupta has been elected as President of The Institute of Chartered Accountants of India for the term 2020-21 on 12th February 2020. Having served the profession for about two decades, he joined the Central Council of ICAI in 2013 wherein he is currently serving for third consecutive term, i.e. 2013-16, 2016-19 and 2019-22. He got elected as Vice-President in February, 2019 for the term […]

XBRL Taxonomy

Guidance Note on Certification of XBRL Financial Statements

The Ministry of Corporate Affairs vide General Circular No.37/2011 dated June 07, 2011 had made it mandatory for certain class of companies to file their financial statements along with Directors and Auditors Report for the FY 2010-11 onwards by using the XBRL taxonomy. Further vide Ministry’s General Circular No. 57/ 2011 dated July 28, 2011, besides signing by signatories as specified u/s 215 of the Companies Act, 1956, the financial statements prepared in XBRL mode for filing […]