Nagpur: ICAI has been extending its technical and infrastructural support towards the accounting reforms of various Government offices i.e. moving from cash to accrual system of accounting, after assessing the tremendous positive impact on national financial reporting said CA. Manoj Fadnis, Hon. President ICAI while speaking on the occasion as the Chief Guest at Two Days Mega Conference on Professional Enrichment organized by Nagpur Branch of ICAI at Hotel Centre Point. He further said that the Indian Railway approached ICAI to undertake the pilot study project on “Study of existing Budgeting and Costing System and proposal for Outcome Budgeting and Integrated Cost Accounting Architecture in the line of Indian Budget Announcement 2015-16”. ICAI ARF has undertaken the job & a Concept Paper on Outcome Budgeting has been submitted to the Railway Authorities.
ICAI has recently undertaken the Pilot Study Project of “Review of the Capital Expenditure (Capex) Procurement Process and Policy Compliances Framework” on pro-bono basis of Coal India Limited, Kolkata (CIL) of Ministry of Power. On the basis of the information provided, the road map for the assignment has been chalked out. This Project will study the compliance framework, Procurement process & policy and will help in identifying the shortcomings & suggesting the remedial measures.
ICAI has played a very important role in taking Indian financial reporting system to newer heights and achieving international benchmarks by taking necessary initiatives from time to time.
ICAI launched Swachh Vidyalaya Abhiyaan on June 28, 2015 by conducting the physical verification of the completed school toilet blocks /units constructed by the NTPC at Karimnagar district in Telangana. ICAI has a strong disciplinary mechanism wherein proceedings are initiated and taken to their logical end through a well-defined procedure which maintains the interests of natural justice while ensuring that the guilty are never spared.
- Kirti Agrawal, Chairman made introductory remarks and welcomed President, ICAI and WIRC Chairman. She recognized the role of media in branding of the Institute. With the aim to keep our members updated and unleash true potential, Nagpur Branch of WIRC has always been at forefront to organize various programs for members. On this occasion CA. Kirti Agrawal Chairman, felicitated Hon. President, ICAI CA. Manoj Fadnis.
Chairman WIRC CA. Sunil Patodia informed updated about activities at the regional level. He appreciated the efforts of Nagpur Branch team for organizing various programs of professional interest for the development of members and students.
In the First technical Session CA. Sunil Talati Past President, ICAI, presented the paper on “Capital Gain on Real Estate Transaction” and CA. Abhijit Sanzgiri, Mumbai presented a paper on Anti money Laundering- FATCA-CRS, Online Reporting Compliences with Banks. In the second technical session Mr. Ramesh Partani, Hyderabad presented paper on “Success & Satisfaction”. In the third technical session CA. Yagnesh Desai from Mumbai presented a paper on “Ind As – Challenges & Opportunities and CA. B.C. Bhartia, Nagpur presented a paper on “Future Challenges in Retail Trade- Role of CA”. In the forth technical session CA. Ranjit Dani, Nagpur presented a paper on “Understanding Life Insurance & Opportunities in Advisory”. All the speakers resolved various queries of the participants in most effective manner.
- CA. Swapnil Ghate, Vice Chairman co-ordinated the proceedings. CA. Sandeep Jotwani proposed formal vote of thanks.
Prominently present on the occasion were CA.Umang Agrawal, CA. Ashwini Agrawal, CA. Swapnil Agrawal, CA. Suren Duragkar, CA. Kirit Kalyani,CA. Jaydepp Shah, CA. Ashok Chandak, CA. Satish Sarda, CA. Abhijit Kelkar,CA. A.S. Dani, CA. Shambhu Tekriwal, CA. Jagdish Hariharan, CA. R.B. Bhusari & around 200 Chartered Accountants.