Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: Central Excise rule to resale the machines to a new company :: TDS :: VAT Audit :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: empanelment :: VAT RATES :: articles on VAT and GST in India :: cpt
« News Headlines »
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits

Consolidation and growing big, a top hurdle for CAs
February, 12th 2008

Unless a man is inspired himself to greater achievements how can he inspire the world around him. Mr Sunil H. Talati

On a few occasions I have been accused of being narcissistic which perhaps is right in a sense that as the president of ICAI, I did try to be a role model for my professional brothers and sisters, he writes, on a personal note.

To honour the presidents image, I did try to project myself as best as I could because unless a man is inspired himself to greater achievements how can he inspire the world around him.

On the morning of February 5, when contacted Mr Talati to ask, When are you handing over as the president? he responds fast, In two minutes.

We catch up during the day, over the e-mail, on what was done and what, yet to be.

On a 0-10 scale how do you rate your performance at the end of your tenure?

Nine out of 10.

Are there any areas where your ideas did not find the reception you had anticipated?

Consolidation, networking, dress code, and e-learning.

What according to you are the top three hurdles that the Indian CAs have to overcome?

Consolidation and growing big, adaptability to computer environment, and entering into new innovative areas of practice.

Significant accomplishments over the last year.

Submission of the ICAI-led Expert Group Report to the Ministry of Corporate Affairs on action plan for investor protection and grievance redressal mechanism, successful organisation of 36 investor-awareness programmes all over the country in a record-time of about 30 days, and finalisation and release of the Vision 2021 document in line with the India 2020 Mission.

Also, the following:

Adoption of IAASBs approach for writing Auditing and Assurance Standards as per the Clarity Project for full convergence.

Unveiling of a new unique logo for ICAI members.

Implementation of Capacity Building Project for Financial Management for Kolkata Municipal Corporation.

Completion of project on strengthening the Gram-Panchayat in West Bengal.

Issue of three new Standards on Internal Audit (SIAs) and industry-specific Guidance Notes on internal audit.

Organisation of tax-awareness programmes across the country.

Organisation of training programmes for Service Tax Officers of CBEC and IRS Probationers.

Opening up of five new branches at Bharuch, Sangrur, Bilaspur, Gorakhpur and Aligarh.

Establishment of Centres of Excellence in IT at Vishwas Nagar, Delhi.

Establishment of secured connectivity between branches and ICAI corporate network through Internet.

Organisation of training courses/programmes for employees at various levels through IIMs, ASCI and MDI, besides in-house workshops, courses, etc., adding to 6,000 man-hours.

Installation of video conferencing facility at Kolkata, Chennai, Mumbai and Kanpur, and putting in place revamped Web site of the institute making it user-friendly, with a responsive interface.

Making Orientation Programme mandatory for newly-qualified CAs participating in campus placement programmes.

Launch of group insurance scheme for the members and their spouses.

Focussed attention on communication and soft-skills of members in the CPE (continuing professional education) calendar.

Setting up of computer labs in more than 60 branches of the Institute.

And the work-in-progress

Significant progress has been made in respect of the following, which are at various stages of completion/progress:

Putting in place e-learning and web learning.

Expeditious measures for convergence of Indian Accounting Standards with IFRS for public interest entities from accounting periods beginning on or after April 1, 2011, after passing through the due process.

Mutual recognition discussions with various accounting bodies, especially with those in Singapore and Australia.

Making networking among members/firms and steps for consolidation of firms more member-friendly and achievement-oriented.

Construction of state-of-the-art Centre of Excellence at Hyderabad.

Infrastructural initiatives for expeditious execution of building projects for ICAI Bhavans at Noida, Mumbai (Bandra Kurla Complex) and Kolkata on time-bound and top-priority mode.

Establishment of computer labs in the remaining branches.


D. Murali

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions