KEY POINTS FROM ICAI PRESIDENT NAVEEN GUPTA SIR

Date : 21st December 2018

👉 IPCC Students can give two more attempts after May 2019 in old syllabus only.

👉Declaration from Students for not showing Answer sheet to anyone Removed w.e.f from September 2018

👉 Step wise Marking in all Questions else question treated as not evaluated

👉 Pilot project for Centralised checking under the guidance of Head Examiner implemented

👉 Revaluation of Answer sheet will require ammendment in CA Act and Regulation and matter has been put up before Ministry of HRD and Ministry of Corporate Affairs.

CBI lens on Infosys staff, I-T officials & fake CA for fraud - Times of India
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FDI norms tweak: Joint audits to boost Indian entities
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Exclusive | ICAI probe into IL&FS says EY, KPMG affiliates, Deloitte misrepresented facts
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Answer to MCQ is "C" completeness.
Analytical procedure are most suitable to get evidence about completeness and valuation.
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MCA moves NCLT for reopening of IL&FS Group's books
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MCA probing 22 listed companies for misusing funds raised via IPOs.
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EY buys pune-based digital design company FCUX
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Scheme of amalgamation for merger of BoB, Dena and Vijaya Bank likely by month-end
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CSR funds worth Rs 8,314 cr remained unspent over three financial years
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How Blockchain Is Reshaping External Audit: Crypto Developments by PwC, KPMG, EY and Deloitte
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Sebi fines 3 entities for fraudulent trade in stock options
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Can GE Survive Its Cooked Books?
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Answer to MCQ is “d"

Explanation

Revised SA 700 allows all the three treatments to scope and communication paragraph.

Accounting giant EY and two partners fined for auditing failures during Hong Kong listing procedures 20 years ago
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