Pune: The Managing Committee of Pune Branch of WIRC of Institute of Chartered Accounts of India (ICAI) has organized two day auditing conclave in Pune. The two day regional auditing conclave aims to debate and understand the landmark bill which bid adieu to old Anarchic law of The Companies Act 1956 that served corporate India for about 57 years. The changes which make the new laws futuristic, sustainable and give flexibility to corporate environment need better understanding and debate.
Lot of fresh changes with new ideas have been incorporated keeping in mind globalization and large scale corporatization of small and medium organizations. The main aim of the conclave is to disseminate the recent amendments in the auditing arena in context with Companies Act 2013, Cooperative Act, and various new schedules introduced for more effective reporting by chartered accountants/auditors. The eminent distinguished speakers and experienced faculties conducted eight knowledge sessions in conclave.
CA. Sunil Patodia, Chairman, WIRC of ICAI inaugurated of the conclave with the graceful presence of CA. S. B. Zaware, Central Council Member, ICAI, CA. Dilip Apte, Vice Chairman, WIRC of ICAI, CA. Sushrut Chitale, Secretar, WIRC of ICAI, CA. Yashwant Kasar, Chairman, Pune ICAI, CA. Rajeshkumar Patil, CA. Mangesh Kinare past Chairman, WIRC, Immediate Past Chairman, Pune ICAI and CA. Jagdeesh Dhongde, Past Chairman, Pune ICAI.
On the occasion CA. Sunil Patodia, Chairman, WIRC of ICAI expressed his thoughts, “The fresh amendments to the Companies Law will go a long way in improving ease of doing business” We welcomed the government’s decision to set up an expert committee “to look into nitty-gritty and iron out creases”. The proposed panel will also look into other areas of the Companies Law to ascertain whether further amendments are required. He added further. From time to time, the Institute of Chartered Accountants of India (ICAI) had submitted suggestions about the Act “to create conducive environment for functioning and growth of business”.
In this two days regional auditing conclave experts from CA fraternity expressed their thoughts on the subjects like important provision of companies act 2013 pertaining to loans and advances, deposits and related party transactions, consideration and schedule II depreciation under companies act, important issues in audit vis-à-vis applicability of various accounting standards, commonly observe deficiencies in financial reporting schedule III( revised schedule VI) and audit documentation, SA 700 and CARO 2013( new forms of audit report), issues in tax audit, reporting requirements for charitable trusts, relevant provisions of cooperative act pertaining to audit.
On this occasion Pune ICAI also launched their first ever Mobile App (for three platforms viz. Android Platform, Windows Platform, & IOS (Apple) Platform) also Pune ICAI launched their new website. it in tandem with the latest technology for providing user friendly facilities for effective communication and further comfortable platform for members and students.
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