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: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: TDS :: VAT Audit :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: cpt :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: form 3cd
General »
 Tax and the dilemma of the self-employed
 Banks warn share tax hike threatens Paris' post-Brexit appeal
 PMC may decide on property tax rebate for IT firms this week
 I-T Dept is giving out certificates of appreciation. Have you received yours?
 Government works on ironing out benefits refund mechanism for exportersa
  Tax officials are using an IDS provision to question transactions beyond six-year-limit
 Tax-free bonds rally like midcap funds
 Senior citizens do not have to pay advance tax on salary and interest income
 GST: Audit commissioners to get adjudication powers
 Interest on NRE rupee account can be exempt from tax under FEMA
 Impact of GST on Real Estate Sector

Bigger role seen for chartered accountants in project monitoring
April, 26th 2011

Chartered accountants have a greater role to play in project monitoring in the years to come when significant infrastructure development will take place, said S. Viji, chairman, Sundaram Finance Limited, on Monday.

Inaugurating the diamond jubilee celebrations of the Southern India Regional Council (SIRC) of the Institute of Chartered Accountants of India (ICAI), he said the International Financial Reporting Standards (IFRS) was ahead and it would be a challenge to restate and adapt that in the Indian context.

Time was running out for companies, especially for those in the financial services.

Apart from the traditional role of recording transactions, the chartered accountants had a greater role to play in project monitoring and tracking financials for projects, especially in infrastructure where the nation had a problem.

As the nation embarks on rapid growth, environment and sustainability should be of prime concern, he said.

As NGOs would play a greater role in development process, Mr. Viji said the accounting of NGOs had to be made transparent and accountable for which they would have to fulfil certain standards.

Stressing on robust reporting standards, he said the role of auditors could be demanding and exacting with increase in investment. On the brighter side, he said the career opportunities were boundless for chartered accountants.

G. Ramaswamy, president, ICAI, said the institute had submitted suggestions on direct taxes code and goods and services tax to the ministries concerned and was working with the government closely. He saw a great opportunity for the audit professionals in these two areas.

Jaydeep Narendra Shah, vice-president, ICAI, said the institute had decided to grant 15 minutes of additional time for students appearing for the exams to read the question paper which had been welcomed by the student community.

Nalli Kuppuswami Chetti was the guest of honour at the celebrations. SIRC chairman K. Shanmukha Sundaram and secretary S. Murali participated.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
System Testing Solution Manual Software Testing Solutions Automation Software Testing Solutions System Workflow Testing System Manual Testing

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