Announcement on – Requirement to mention the firm registration number allotted by ICAI in all reports issued, including certificates, by members of the ICAI - (16-08-2010)

ANNOUNCEMENT FOR THE ATTENTION OF THE MEMBERS

Attention of the members is invited to the announcement regarding requirement relating to mentioning the firm registration number in the audit reports and resolution passed by the company for appointment of statutory auditors, published on page 1312 of the February 2010 issue of the Journal.

The Council of the Institute of Chartered Accountants of India, in terms of the decision taken at the 296th meeting held in June 2010 has decided to extend the requirement to mention the firm registration number to all reports issued pursuant to any attestation engagement, including certificates, issued by the members as proprietor of/ partner in the said firm. The requirement shall apply where such firm registration number has been allotted by the Institute of Chartered Accountants of India.

The Council further decided to make this requirement effective for all attestation reports/ certificates issued on or after 1st October, 2010.

Good News for PE-II Students, One group Passed student can joing Articleship

Dear Sir / Madam,

We are pleased to inform that with a view to mitigate hardships faced by PE-II students, it has been decided to allow all students of PE-II who have qualified in at least one of the groups shall be allowed to commence their articled training under Regulation 45. The announcement is hosted on the ICAI's website. You are requested to make wide publicity and inform all Branches as well.

In this context, Form No.103 will stand partially modified (shown in bold italic) as under:

"Registration as an articled assistant when a student (choose one)

•   has passed PE-II (both groups or either  of the groups)"

In case, you have any query / suggestion, please let us know so that same can be incorporated in FAQs which are under preparation.

Regards,

Vijay Kapur
Director, Board of Studies