ICAI UPDATES

 As of February 8, 2025, here are the latest updates from the Institute of Chartered Accountants of India (ICAI):

Recent Announcements:

  • Merit List for ISA Assessment Test: The merit list for the Information Systems Audit (ISA) Assessment Test held in July 2023 was declared on November 26, 2024.

  • Rescheduling of CA Examinations: The Chartered Accountants Examination scheduled for January 2025 was rescheduled, as announced on November 25, 2024.

  • Mock Test Papers for CA Foundation and Intermediate: Mock Test Papers Series I & II were announced for students appearing in the CA Foundation and Intermediate examinations in January 2025.

  • Advanced ICITSS - Adv. IT Test: The schedule for the Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS) - Advanced Information Technology Test in Computer-Based Mode (CBT) for December 2024 and the first quarter of 2025 was released on November 11, 2024.

  • Revised Criteria for Non-Company Entities: On November 8, 2024, ICAI announced revised criteria for the classification of non-company entities concerning the applicability of Accounting Standards.

icai.org

ICAI in the News:

  • Launch of CA-GPT Platform: On November 26, 2024, ICAI launched the CA-GPT platform, aiming to integrate advanced technologies into the profession.

  • Collaboration with CBSE: On November 25, 2024, ICAI partnered with the Central Board of Secondary Education (CBSE) to enhance skill-based accounting education.

  • New International Chapters: ICAI expanded its global presence by inaugurating new chapters in Florida and Zurich on November 12, 2024.

icai.org

Disciplinary Actions:

Between February 12 and August 31, 2024, ICAI took disciplinary action in 172 cases, underscoring its commitment to maintaining professional standards.

latestly.com

Future Plans:

ICAI's President, Ranjeet Kumar Agarwal, emphasized the need for over 30 lakh new Chartered Accountants by 2047. Initiatives such as the 'Each One, Teach One' program encourage existing members to mentor CA students. Additionally, ICAI plans to provide free online lectures from top faculties to benefit students.

indianexpress.com

For the most current information and detailed announcements, please visit the official ICAI website.

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