The Visakhapatnam branch of Southern India Regional Council (SIRC) of Institute of Chartered Accountants of India (ICAI) organised a programme on budget analysis on Saturday.
Addressing the gathering, vice-president of ICAI Devaraja Reddy explained the various developments on the accountancy front.
He said the institute and the government were working towards introduction of double accounting concept in government accounts such as Defence and Railways.
SIRC chairman P.R. Aruloli, in his address, explained the efforts put in by the institute to keep the course abreast with the fast-changing scenario.
Several members of SIRC and branch chairman N.N.S. Prakasa Rao spoke.