CLARIFICATIONS OF PRE-BID MEETING HELD WITH CA FIRMS AT CORPORATE OFFICE ON 29TH APRIL, 2019 AT 11:00 A.M

The Provisional Panel of Chartered Accountant firms/LLPs for the year 2019-20 for indicating the position (along with provisional point score) of the firms who had applied for empanelment with the Office of the C&AG of India for appointment as auditors of Government Companies/ Corporations for the year 2019-20 will be available from April 29th, 2019 to May 08th, 2019 on the website www.care.cag.gov.in

Representations, if any, for rectification of clerical mistakes in the online data may be sent by email at sao2ca5@cag.gov.in by 08.05.2019.

For further query/issue, please contact to O/o C&AG at 011-23509223/240.

Professional Development Committee

Institute of Chartered Accountants of India's 379th Council Meeting held on 17th and 18th December, 2018 made UDIN mandatory for all Tax Audit Reports issued under IT Act, 1961 and GST Audit Reports issued under CGST Act, 2017 with effect from 1st April, 2019.
 
For the benefits of Members, UDIN Monitoring Group of ICAI has released detail FAQs on GST & Tax Audit which are available at https://udin.icai.org/faqs
 
 
UDIN Monitoring Group of ICAI

Considering the difficulties faced by Chartered Accountant firms/LLPs in submitting the online empanelment for audit of PSUs for the year 2019-20, the office of C&AG at the request of ICAI has extended the last date for submission of the said application from 15^th February, 2019 to 22^nd February, 2019 as a onetime relief. Further, the last date for receipt of hard copy of documents at O/o C&AG remain same i.e. 28^th February, 2019. Interested members may avail the online application at the following URL: http://care.cag.gov.in/Authorised/Default.aspx
For any query/issue, please contact O/o C&AG at sao2ca5@cag.gov.in, 011-23509223, 011-23509269, 011-23509240 and PDC Secretariat, ICAI at pdc@icai.in or at 011-30110444.

Professional Development Committee is organising a Live Webcast on UDIN - An Easy Way to Secure Certificates" on 11th February, 2019 from 2.00 pm to 4.00 pm at ICAI Bhawan, New Delhi

Professional Development Committee isorganising a “Gyan Kumbh“National Conference 2019 hosted by Varanasi Branch of CIRC of ICAI on 03rd  &04th  February, 2019(Sunday & Monday) at Shatabdi Bhawan Instituteof Agricultural Science (Auditorium),Varanasi

We are pleased to inform that the Professional Development Committee of  ICAI is organizing  a Live Webcast on UDIN - "An Easy Way to Secure Certificates"on 31st January, 2019 in the premises of ICAIBhawan, New Delhi  from 4:00 PM to 6:00 PM.

It has been noticed that financial documents/ certificates attested by third person misrepresenting themselves as CA Members are misleading the Authorities and Stakeholders. ICAI is also receiving number of complaints of signatures of CAs being forged by non CAs. To curb the malpractices, the Professional Development Committee of ICAI has implemented in phased manner an innovative concept of UDIN i.e. Unique Document Identification Number. All Certificates are being made mandatory with effect from 1st February, 2019 asper the Council decision taken at its 379th Meeting held on 17th – 18th December, 2018. Full timePracticing CAs can register themselvesby and generate UDIN by registering the certificates attested/certified by them. For any other further assistance/clarification, you may reach us at 011–30110411/444 or email at udin@icai.in .  In case of emergency, you may also call Mr. Vishal Agarwal at 9911539260. MEMBERS ARE ADVISED TO REGISTER THE DOCUMENTS CERTIFIED BY THEM & GET THESE SECURED.  ProfessionalDevelopment Committee

PDC invites the valuable suggestions from the Members of ICAI relating to Empanelment Opportunities available in India (District and State wise) and Abroad for Practising Chartered Accountants with complete details of opportunities,schemes,eligibility criteria,source  with weblink for its revised edition of Publication on Professional Opportunities.
 
Members can share their suggestions by filing google form available at the link https://goo.gl/forms/y2fVBfA4o8PxKCN42  by 21st January,2019
 
 
With Warm Regards,
 
Chairman  & Vice-Chairman   
Professional Development Committee 

Live Webcast on “UDIN- A Way toSecure Certificates”

We are pleased to informyou that the Professional Development Committee of  ICAI is organizing  a Live Webcast on “UDIN- A Way to Secure Certificates” on 27^th December, 2018 in the premises of ICAI Bhawan, I.P. Marg, New Delhi  from4:00 PM to 6:00 PM. wherein Live Demo on the concept of UDIN would begiven by Team TCS.

The details of theprogramme are as follows:

For any clarification/assistance about the Live Webcast, kindlycontact PDC Secretariat of ICAI on 011-30110444 or 30110440 at pdc@icai.in

The Final Bank Branch Auditors’ Panel of Chartered Accountants/firms forthe year 2018-19 has been hosted at www.meficai.org and will be availabletill 14th December, 2018. Thereafter the panel will be submitted to RBI. 


Professional Development Committee

        The Draft Bank Branch Auditors’ Panel of Chartered Accountants/firms for the year 2018-19 has been hosted at www.meficai.org 
for indicating the category of the applicants of Multipurpose Empanelment Form for the year 2018-19.

        The applicants would be able to view the reasons, (wherever applicable) in the Draft Panel itself.  In case, if any applicant has any observation with the details given, a complaint can be logged at MEF PDC Query/ Complaint Center at www.meficai.org

        This is to further inform that the Draft Panel is available upto 22nd November, 2018.  Members can lodge their complaint, if any, on or before the 22nd November, 2018, thereafter, after finalisation, the panel will be sent to RBI.

        For any other query/issue, please contact PDC Secretariat on 011-30110444 and 011-30110480 or write at mefpdc@icai.in.



With kind regards,
Professional Development Committee

Considering the requests from various Members of ICAI, it has been decided by Professional Development Committee to extend the last date for submission of online Multipurpose Empanelment Form for the year 2018-19 including Declaration and Financial Documents till 12.00 am of 10^th September, 2018. 
 
Chairman, Professional Development Committee

We are receiving queries from Members regarding the changes in norms of Appointment of Statutory Bank Branch Auditors for the year 2017-2018. We wish to clarify that the said norms continue to be same and there are no changes.

Bank Branch Auditors' Panel for the year 2017-18 has been sent to all Public Sector Banks by RBI. Banks have started allotment process. Members are advised to please check the registered email id and SMS regularly to respond to the Banks within the stipulated time.

As you are aware, as per the norms for Selection of Statutory Branch Auditors issued by RBI, banks will have to make the appointment of branch auditors for the continuous period of four years subject to the firms satisfying the eligibility norms each year. In case the audit firm is the continuous auditor of the bank and four year audit cycle has not been completed, but not reappointed, please write to the Professional Development Committee at pdc@icai.in to enable us to take the matter further with RBI

A letter dated 12th March, 2018 was submitted to RBI wherein it is requested to RBI to revise the audit fees being paid to auditors of Public Sector Banks to ensure improvement in the overall functioning and also, to provide a level of satisfaction to the professional accountants.

Letter dated 28th March, 2018 was submitted to National Highways Authority of India wherein a request was made to NHAI to kindly modify the notice issued for Empanelment for their Internal Audit and issue the revised one with liberal eligibility criteria for chartered accountants or a parity be made in the eligibility criteria for all professionals.