#ICAI issued advisory for using "CA" or "Chartered Accountant" with caution
A break down on what could be the consequences or what would be the reason for such an advisory
Detailed Thread 🧵
Para 4 of the Advisory says that u can also post personal comments/tweets & you can also use CA or Chartered Accountant in your Bio/Profile Name or wherever you like apart from professional matters
Para 5 is the crux of this advisory which advises members to exercise discretion & maintain dignity while posting such comments of personal nature (that are not covered in para 4)
It also says that such comments should not be derogatory or violates the dignity of profession or result in negative portrayal of profession
In para 6 they reminded us to keep in mind professional misconduct under First Schedule regarding bringing disrepute to the profession
Now whether u should use the Prefix CA or Chartered Accountant in your Bio
Yes, absolutely, it is your hard-earned degree, and you should be proud to use it.
Whether I can post personal comments while using the CA prefix?
Yes, you are also a human being, u can post personal comments/posts which are not derogatory and does not bring disrepute to the profession as every single member represents the profession
What could be the reason of such an advisory?
Well, all Institutes (be it ICAI, ICSI or ICMAI), they ultimately become answerable for person using prefixes CA/CS/CMA
We get a privilege to use CA/CS/CMA, it will come with a cost, a cost that we are answerable to our Institute
When these institutes receive such Screenshots where such derogatory remarks are being made with CA prefix, they ultimately have to look into it
If you are on SM for loose talks/offensive posts, then it is better to remove such prefix, ICAI won't even receive such SS for action
Not that we've seen them taking action, but yes, they've got power to take action/warning
Simple Logic for posting on Social Media = Post/Comment only what u can accept for yourself if someone else posts such things
Don't get into personal attacks on each other
About Portal issues & Due Dates Extension?
Being an Indian, you have the right to tweet on inefficiencies, but language should be dignified, we all some people go way ahead in criticizing
Institute is ultimately answerable for our actions to People/Government
I will continue to use "CA" prefix & "Chartered Accountant" in bio and will maintain dignity of profession
I would suggest all to continue using CA prefix
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“Based on our examination of the books of accounts produced before us, the company has maintained manual books of accounts therefore reporting under Rule 11(g) of Companies (Audit and Auditors) Rules, 2014 is not applicable in case of the company”
2. When books of accounts are maintained on accounting Software and Audit Trail provisions are complied –When the Auditor himself has verified the effectiveness of Audit Trail
“Based on our examination, which included test checks, the Company has used accounting softwares for maintaining its books of account for the financial year ended March 31, 2024 which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the softwares. Further, during the course of our audit we did not come across any instance of the audit trail feature being tampered with.”
Since, we know CA Members in Practice are now Reporting Entities as per Notification dated 3rd May, 2023 under the Prevention of Money Laundering Act, 2002
ICAI @theicai has issued Frequently Asked Questions (FAQs) for Members
🔥📱 #TRAI has finally implemented the much-awaited change in rules for fake calls, promotional calls, and fake/push SMS which will be applicable from today onwards - from May 1, 2023
So what is the matter ??
Let's see in this thread 🧵
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👉This is expected to provide much-needed relief to customers who are tired of receiving pesky calls and fake messages.
👉As per the Survey of CNBC, 95% of people who have registered themselves for DnD, still receive Spam Calls