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Functions in CA Act

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Aadesh Kandel,

Last Updated: 2022-08-03

 

Council

Objectives -

  • R - Regulate to encourage members to follow code of conduct
  • E- Enhance Social Recognition - by raising awareness about importance of accountancy
  • D- Develop accountancy by making accountants understand their responsibility
  • D- Develop registration, Examination and qualifications

Functions -

  1. Membership - Determine Procedures
  2. Examination - Conduct
  3. CPE - Provide to members
  4. COP - Grant to Members
  5. Committees - Determine procedures
  6. NAS/NSA - Observe Compliance
  7. Monitoring - Members - Code of conduct
  8. Qualification - prescribe to develop accountancy
  9. Career Development - Enhance capacity of members
  10. Teaching Program - organize with other institutes
  11. Disciplinary - take disciplinary action against members
  12. Development of Accountancy - Maximum utilization of available means and resources
  13. Advice to GON
  14. Foreign Membership - with other foreign institutes
  15. Training - seminar , workshops
  16. RA - Enhance Professional Capacity
  17. Budget and Fund management - of the institute
  18. appoint Employees - as required and prescribe remuneration
  19. Other functions

Disciplinary Committee

Functions / Duties / Powers

  1. Investigation - against any complaint against members
  2. Report - Present Report to the council along with recommendation
  3. Expert/ Legal Opinion - from legal advisors and experts during investigation
  4. Recommend - to take action against the complainant if false complaint
  5. Other Functions - as prescribed

ASB/SAB

Functions / Duties / Powers

  1. Provide - Accounting/Auditing Standards - Based on international accounting/Accounting Standards
  2. Prepare Modalities - in order to develop standard on Accounting/auditing and publish materials
  3. AIR - Amend/Improve/Revise
  4. Interpret
  5. Other
Corporate Law

Published By

Aadesh Kandel

Category : Corporate Law

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