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Daily Newsletter - February 12, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

IAASB Draft

From the ICAI:

ICAI Implementation Guide

Legal Updates:

IBBI

DGFT


  

News Update:

Indian News:

UPI payments launched in Sri Lanka, Mauritius to boost economic ties

SC issues notice to central govt on GST anti-profiteering provisions

Non-audit services: NFRA to crack down on Big 4, others

SAT may have to hear afresh many important cases

Investigation of tax evasion by WSP India in progress: IT Dept tells HC

Haryana: CGST official, CA arrested by ACB Karnal unit for graft

EPFO plans to set up actuary, hire more staff

CBIC cautions against fake GST summons, asks to check communications

ESIC extends benefits to superannuated insured persons with relaxed norms

EPFO recommends 8.25% interest rate on employees' provident fund for FY 2023-24

'RBI plans tokenisation of assets, bonds under wholesale CBDC pilot'

RBI raises ceiling on remuneration of non-executive directors to Rs 30 lakh

Insurance companies under IT scanner, likely to receive tax notices worth ₹25,000 crore: Report

 

International News:

EY took on $700mn in debt for doomed ‘Project Everest’ spin-off plan


Exposure Draft:

IAASB Draft:

Proposed International Standard on Auditing 240 (Revised)
The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements
and
Proposed Conforming and Consequential Amendments to Other ISAs

[Last date for Comments: Jun 5, 2024] 
 


From the ICAI:

ICAI Implementation Guide:

Implementation Guide on Reporting on Audit Trail under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014
(Revised January 2024 Edition)


Legal Updates:

IBBI:

Sharing of the Report prepared by the Resolution Professional under section 99 of the Insolvency and Bankruptcy Code, 2016 to both debtor and creditor

 

DGFT:

Amendments in Para 4.36 of the Handbook of Procedures, 2023 [Public Notice No.40]

Addition of Mundra Port and ICD Garhi Harsaru for Import of new Vehicles [Notification No.59]


 

 

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