ICAEW excludes and fines KPMG employee for false travel expense claims

ICAEW excludes and fines Darren Merchant for false travel expense claims. A senior KPMG employee who dishonestly claimed more than £43,000 in expenses has been excluded from the ICAEW and fined. At an ICAEW disciplinary hearing, Darren Merchant of Dartford, Kent, admitted to claiming £43,087 in air travel.

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FAQs for ICAI Members to become Members of ICAEW

FAQs for ICAI Members to become Members of ICAEW under the Memorandum of Understanding (MoU) signed between the Institute of Chartered Accountants of India & the Institute of Chartered Accountants in England and Wales.

1. What is the current scope of MoU between ICAI & ICAEW?

The MoU provides for Recognition and Examination arrangements for the members of the two largest Institutes. This agreement would facilitate mobility of members across the borders and further strengthen the ties between India and Great Britain. The MoU entitles Institute membership without license to practice. General practice rights excluding auditing rights would be available.

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Soon CAs doing ICAEW will enjoy exemption of papers of ICAEW

We understand that The Institute of Chartered Accountants of India (ICAI) has been increasingly focusing to deepen the knowledge thrust of the budding Chartered Accountants on one hand and also on other hand ICAI is trying to enable the members of the Institute (Qualified Chartered Accountants) to get recognitions from other allied Institutes of accounting profession of other countries in an easier way.

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ICAI -President’s Message dated 01.10.2009

Dear CA Pariwar,

It’s festival time. By the time you receive this Journal, Eid-ul-Fitr, Dussehra and Navratra will have been celebrated and preparations for Diwali will be in full swing. Each and every Indian festival has a deep meaning attached to it. Dussehra, as we know is the triumph of good over evil, not just on the surface but within the heart of each and every human being. Diwali is known as the festival of light and the lighting of the lamps signifies awareness of our inner light that removes the darkness of ignorance and illuminates the way to true knowledge. We are indeed blessed to be a citizen of such a culturally rich country like India.

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