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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
ICAI »
  Exposure Draft of Standard on Internal Audit (SIA), Planning the Internal Audit Assignment (Comments to be received by June 15, 2018)
 Four Weeks Residential Programme to be held from 4th June, 2018 to 1st July, 2018 at Centre of Excellence, Jaipur for Men Participants only.
 Inputs/ Suggestions Invited on Draft Revised Syllabus for the Post Qualification Course on Information Systems Audit formulated by Digital Accounting and Assurance Board of ICAI latest by 31st May, 2018.
 Exposure Draft of Accounting Standard (AS) 109, Financial Instruments (Comments to be received by June 30, 2018)
 Register for Exclusive First Batch of Spanish Language (60 Hours) for ICAI Members and Students at Delhi and Mumbai - 4th June 2018 - Last Date of Enrolment is 21st May 2018
 FAQ on accounting treatment of increase in liability due to enhancement of the gratuity ceiling.
 SAFA accepts recommendation of the ICAI for forming SAFA Women Empowerment Committee and replicating the digital initiatives of ICAI.
 CPE Events 14th May - 19th May 2018
 Four Weeks Residential Programme to be held from 28th May, 2018 to 24th June, 2018 at Centre of Excellence, Hyderabad for Women Participants only.
 Regarding omission of Rule 9 of Chapter X (Audit and Auditors) of the Companies Act 2013 pertaining to Section 147 (5) (Punishment for Contravention) of the Companies Act 2013
 Be an expert on the panel of Women Entrepreneurship Platform (WEP) of NITI Aayog

ICAI - A Report on Interactive Dinner Meet with Dy. C&AG and Dy. C&AG (Commercial)
March, 13th 2009

The Professional Development Committee organized an interactive Dinner Meeting with the members of the Council of the Institute of Chartered Accountants of India on March 7, 2009 at New Delhi. On this occasion Ms. Bharati Prasad, Dy. C&AG and Ms. Praveen Tripathi, Dy. C&AG (Commercial) were felicitated by the President and all Council members of the Institute. Shri K.P. Sasidharan, Principal Director (Commercial) & nominee of the Government on Council of the Institute and Shri P.K. Mishra from C&AG were also present. CA. Anuj Goyal, Chairman, Professional Development Committee welcoming the C&AG officials described it as a memorable occasion as both supreme audit institutions have come together . Particularly, in the wake of recent corporate turmoil, the meeting acquired great significance. Honble President CA. Uttam Prakash Agarwal expressed the great pleasure and stated that both regulators jointly share the same view as far as upholding the auditors independence and ethical values are concerned. He also noted that both regulators share the same perspective in response to rotation of auditors, joint auditor etc.

Ms. Praveen Tripathi, Dy. C&AG (Commercial) echoed the same feeling and stated that auditors independence in the todays context assures special significance and stated that C&AG shall take all measures to ensure that auditors enjoy the adequate degree of independence so that they can discharge their responsibilities in better manner to the society. She stated that C&AG officials alongwith ICAI has already taken steps to organize the programmes for creating better understanding. Ms. Bharati Prasad, Dy. C&AG on this occasion appreciated the role of Chartered Accountants and stated that the issues relating to supplement audit have almost settled down and the value addition done by C&AG office is quite established. She stated that there is always a great learning experience from every failure. In fact, one needs to set down the time framework in which to achieve the desired result.

On this occasion, several members of the Council of the Institute shared their views on the subject. CA. Akshay Gupta, Council Member from Kanpur appreciated the role of C&AG and recalled the fruitful and interactive joint session held in late nineties. CA. Kashi Khandelwal, Council Member from Kolkatta also shared his views on the role of C&AG Auditors and the role of CAs in the todays economy. CA. Shanti Lal Daga, Council Member from Hyderabad stated that observing good corporate governance practices and understanding of accounting and auditing standards are particularly need to inculcate amongst the official handling financial facilities. CA. Vinod Jain, Council Member from Delhi highlighted the need for better supervision in respect of financial resources spent by the Government and its various departments on various schemes. He also stated that the auditors independence is the primary issue which need to be addressed by all regulators. CA. G. Ramaswamy, Council member from Coimbatore narrated the manner in which the audit of tax receipts is done by the department and highlighted the need for reforms in this area. CA. Pankaj Jain, Council Member from Mumbai endorsed the views of CA. G. Ramaswamy and also suggested that C&AG and ICAI together can improve the public sector accounting. In this context, he also referred to the role of Government Accounting Standard Board (GASAB) also. CA. V.C. James, Vice Chairman, Professional Development Committee stated that the Ernakulam branch is already organizing the programme for State PSUs as well as C&AG officials in the new emerging areas. CA. Subodh Kumar Agrawal, Council member from Kolkatta explained the significance of the Committee on Public Finance established by the Institute recently to promote better functioning of the Indian economy. Vice President CA. Amarjit Chopra in his concluding observations stressed on the need for organizing joint workshops comprising C&AG officials, statutory auditors of PSUs and ICAI representatives. He assured C&AG of all assistance in organizing the training programmes by the ICAI.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

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