Tag - ICAI

International Taxation – FAR Analysis

Hello Readers, Hope you have read the previous parts. Click here to see the previous parts. FAR Analysis Functions, Assets and Risk (‘FAR’) analysis is an analysis of the functions performed, taking into account assets used and risks assumed by associated enterprises (AEs) in controlled transactions. A method of finding and organizing facts about a business in terms of the functions performed, assets used (including intangible property) and risks assumed by such business to: Identify how they are divided among the AEs; and Ø [...]

Just a Thought – CA Students

If you are a CA Student, then read it….It's been more than 7-8 months for me to be an user of this app. Being a CA Student, i was very much active in replying to queries related to Board of Studies, Articleship, CPT, IPCC, Final subject wise issues. But, there is a particular trend which is being followed by CA Students which is not good for them. let me explain what is it…. •If someone didn't get his articleship letter then he [...]

Tata Consultancy Services signs Memorandum of Understanding with Institute of Cost Accountants of India

Atul Khurana. As part of the MoU, ICAI will deploy and leverage TCS’ Digital Content Market Place Platform ­ Digital HUB to drive the institute’s digital transformation efforts. According to a release, ICAI’s digitization efforts through TCS iON Digital HUB will aim to provide improved services to students & members allowing them easy access to the vast knowledge base of the institute. TCS iON will bring Vocational & Skill Courses to ICAI students & its members through iON Digital HUB. Both organisations [...]

Positioning Of Internal Audit In Corporate Framework

CONTENTS: Introduction Scope Internal Audit in corporate framework Principles of Internal Audit ICAI’s Standards on internal audit Internal Audit process Benefits Conclusion Introduction :  Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. Scope: The scope of internal auditing within an organization involves topics such as an organization’s governance, risk management and management controls. Internal auditing [...]

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