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The Latest Breaking News from ICAI

Britain’s international reputation damaged due to aid cuts and ‘rushed’ merger, says watchdog

It is nothing short of disastrous for those whose lives are supported by UK aid, charity says

The Independent UK

Aid cuts and department merger have harmed UK’s reputation, says watchdog

The Government added to external pressures on the development programme with political turbulence, budget reductions and Brexit, a report said.

The Independent UK

Southern council of ICAI gets its youngest chairperson

Divya Abhishek elected Chairperson of SIRC of ICAI for 2023-24; youngest chairperson in history. Pandu Ranga Rao K. elected Vice-Chairperson, Srinivas Rao as Secretary, and Girish K. as Treasurer.

The Hindu

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UK slashes aid to Afghanistan by more than half, says watchdog

It comes as the humanitarian situation continues to worsen in the South Asian nation

Evening Standard

UK ‘turning back on people of Afghanistan’ as aid slashed by half

The slashing of aid comes as humanitarian situation continues to worsen in the South Asian nation

The Independent UK

UK slashes aid to Afghanistan by more than half, watchdog says

It comes as the humanitarian situation continues to worsen in the South Asian nation.

The Independent UK

The UK spent a third of its international aid budget on refugees in the UK – what it's paying for, and why it's a problem

A third of the UK’s international aid budget was spent supporting refugees in the UK in 2022. A new report by the Independent Commission for Aid Impact (ICAI) details the £3.5 billion expense, a threefold increase on 2021, and about 12 times the amount spent in 2015.

The Conversation

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Overseas aid budget cut to meet soaring costs of housing refugees in UK

Watchdog finds Home Office reliance on private contracts to house refugees, often in hotels, forced Foreign Office to slice its budget

The Guardian - UK

Support for refugees in UK cuts aid for disasters overseas, says watchdog

The Independent Commission for Aid Impact says a third of the aid budget goes to asylum seekers and refugees arriving in Britain.

The Independent UK

UK aid to India does little for human rights and democracy, watchdog finds

Programme spent £2.3bn between 2016 and 2021 but is fragmented and lacks a clear rationale, report says

The Guardian - UK

UK aid to Afghanistan entrenched corruption and injustice, report finds

Government watchdog says £3.5bn aid in 20 years to 2020 failed to achieve aim of stabilising Afghan government

The Guardian - UK

Overseas aid spending a mess since Foreign Office put in charge, watchdog warns

Loss of ‘transparency’ since DFID was axed leaves ‘spending priorities for individual countries’ unclear

The Independent UK

UK under pressure to increase aid to Global Fund after US pledge

Initiative to fight malaria, TB and Aids has asked for 30% increase after Covid crisis, but UK yet to announce pledge

The Guardian - UK

CA curriculum to be overhauled

HUBBALLI

The Hindu

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The Hindu

400 Chartered Accountants, Company Secretaries under scanner for helping Chinese firms

They allegedly played role in incorporating Chinese shell companies in metropolitan cities by flouting norms

The Times of India

Arrest of Gurugram-based CAs in tax fraud case triggers protests

GURUGRAM: The arrest of two Gurugram-based CAs for an alleged Rs 15 crore-fraud has triggered a series of protests led by the Institution of Chartered Accountants of India (ICAI) against officials of the CGST office in the city.

The Hindu

Letters to the Editor — April 1, 2022

Sri Lankan crisis

The Hindu

A parliamentary Bill the ICAI needs to take note of

If done well, the changes proposed will strengthen the ICAI’s accountability, governance, and administration

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The Hindu

MoU between NIRDPR and ICAI

Useful for auditing local bodies

The Hindu

ICAI to explore use of blockchain technology in auditing

Technology will be a major focus of ICAI as it not only disrupts but will also creates opportunities, ICAI president Debashis Mitra said

The Hindu

Chartered Accountants play important role in nation-building: Ashok Gehlot

The Chief Minister of Rajasthan made the remarks in an online address to the inaugural session of the sub-regional conference of the Central India Regional Council of ICAI.

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