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ICAI Motivated Kolkata Promises More Chartered Accountants

Updated on September 22, 2015
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Chartered Accounting is a prestigious field that offers professionals a sense of pride and respect in the society. Who holds the CA title is a testimony of his talent, hard labor and continuous efforts. To maintain the pace with rest of the world, the Institute of Chartered Accountants of India (ICAI) is always concerned about the standards of its professional program that promises skillful Chartered Accountants. ICAI often organizes national convention to motivate CA students.

National Convention 2015

Recently, Kolkata witnessed a great support to CA students through National Convention organized here. Eastern India Chartered Accountants Students’ Association (EICASA) collectively with Eastern India Regional Council (EIRC) under the assistance of Board of Studies, The Institute of Chartered Accountants of India (ICAI) organized a two day National Convention for CA Students. The topic was ‘Fusion India: Beating Targets, Achieving Excellence’. Centenary Auditorium of College Street Campus of the University of Calcutta was the venue.

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Guests

  • Pramod Dayal Rungta, Chairman, EIRC

  • Anirban Datta, Vice Chairman, EIRC & Chairman, EICASA

  • Abhijit Bandyopadhyay, Council Member, ICAI

  • Saquib Gulzar, Vice-Chairman, EICASA

  • Sumantra Guha, Council Member & Member, Board Of Studies, ICAI & Convention Convener

The Event

The event comprised of two special sessions - ‘Young India – Lead India’ and ‘Hard work is more important than smart work to achieve success’. Besides, a panel Discussion on ‘Practical Training: Gateway to success’ was also among the list of programs. Moreover, professional motivational speakers motivated people and spoke on various aspects such as:

  1. Taxation

  2. Financial Reporting and Assurance

  3. Economy & Current Affairs

  4. Spiritual Viewpoint of Stress Handling to Succeed

  5. Companies Act 2013

The Objective

The convention helped CA students discussing their overall personality development, matters of interest, and aspects related to the CA field. The crucial perspective to organize the event was to inspire students to develop their overall personality.

Being the only professional educational institution that has a strong non-political students wing, ICAI works for the betterment of CA students, practitioners and firms. The institute motivates students to be a true professional for future.

As the event was organized in Kolkata, it would create more awareness and motivation among the individuals about this profession. It would create better and well-paid chartered accountant jobs in kolkata considering the base the institute is creating for people associated with this profession. Kolkata witnessed the event and most of the students were from Kolkata. The motivated students in a better way. It would help creating another standard for this profession in the Kolkata. Such events help giving another height to this profession.

Major Obligations

ICAI is among the most reputed organizations nurturing individuals to deal with finance, accounts, audit and Tax. To know the major responsibilities of ICAI, please read the following points:

  • Addressing the challenges and issues of this profession faced by the CA firms.

  • Enhancing the competence of this field faced by the CA firms through upgrading their visibility amongst the business community and capacity building.

  • Shaping the corporate form of practice

  • Strategizing regulatory structure to facilitate capacity building

  • Developing rules for formal and informal Merger, De-Merger and Networking of CA firms.

  • Standardizing execution issues at the firms level.

  • Facilitating limited liability partnership and multidisciplinary partnership.

  • Providing throughout guidance for consolidation of small & medium practitioners.

  • Enhancing multidisciplinary profession by encouraging collaboration amongst the experts in the relevant fields.

  • Prescribing standards of professional practice allowing practitioners to offer value-added and potent services.

  • Reviewing the progress of the networking of the firm under the current regulatory framework.

  • Suggesting measures to ensure effective networking and consolidation of CA firms.

  • Establishing channels and IT centers to develop a technical forum for better communication among the firms.

  • Conducting various programmes to assist small & medium practitioners to practice in effective manner.

  • Reviewing the regulatory obstructions and suggesting improvements and changes to strengthen and develop Indian CA Firms.

  • Taking crucial actions required for creating awareness.

  • Developing and providing IT enabled services for CA Firms and Small & Medium Practitioners.

  • Creating and providing knowledge contents in various forms to facilitate professionals.

  • Releasing reference material in different formats.

  • Facilitating and improving skills in all field of Accounts, finance, Audit and Tax through various knowledge platforms.

  • Assisting practitioners in identifying specialized and emerging service areas of practice.

Members

Following are the current members of ICAI:

  • CA. G. Sekar, Chairman

  • CA. Jay Chhaira, Vice-Chairman

  • CA. Manoj Fadnis, President (Ex-Officio)

  • CA. M. Devaraja Reddy, Vice President (Ex-Officio)

  • CA. Dhinal Ashvinbhai Shah

  • CA. Abraham Kallivayalil Babu

  • CA. J. Venkateswarlu

  • CA. Sumantra Guha

  • CA. Pankaj I.C. Jain

  • CA. Shriniwas Y. Joshi

  • CA. Atul Kumar Gupta

  • CA. Vijay Kumar Gupta

  • Shri Manoj Kumar

  • Shri P. Sesh Kumar

  • Shri Sidharth K. Birla

  • CA. Anuj Goyal

  • CA. Sanjay Agarwal

  • CA. Sanjiv Kumar Chaudhary

Action Plan 2015-16

ICAI had already comprehended their goals for 2015-16 session. They have already taken initiative to achieve their goals. Listed are those goals which the institute believes to attain through continuous efforts:

1) Strengthening CA Education & Training

  • creating course curriculum engaging

  • Motivating students for industrial training to take challenge practically

  • enhancing the participation of domestic and foreign organizations in campus placements.

2) Empowering Members

  • World class training through workshops and seminars

  • training programs to equip membership

  • introducing fresh certificate and diploma courses

  • creating professional opportunities for women empowerment

3) Research Initiatives

  • Conducting industry specific researches.

  • Conducting research on future trends in audit and accounting

  • creating comparative studies on corporate governance, accounting practices and standards, financial reporting practices at national and international level

4) Spreading Wings Globally

  • recognizing international opportunities for the members.

  • Setting up international standards in financial, accounting and audit reporting in a better way

  • supporting to set up accounting bodies in emerging economies

5) Developing Best Human Resource Practices

  • taking initiatives to attract best talent

  • preparing best HR policy and manpower plan

  • Regular Training for staffs

6) Focused infrastructure Development

  • establishing smart classrooms, libraries and reading room for creating better learning atmosphere

  • Building commensurate organization to deal emerging challenges

  • setting up best physical infrastructure to facilitate various stakeholders

7) Technological Innovations

  • Establishing online ICAI chat room to exchange knowledge

  • Effective use of technology to provide better services to students and members.

  • Digitizing available documents

  • Networking of offices

8) Robust Disciplinary

  • Introducing effectiveness of regulators, government and stakeholders infront of individuals

  • Disposing disciplinary cases speedily

  • Motivating members to adhere to the code of conduct and do ethical practices

  • Creating awareness about savings, taxation, income and investments

9) Supporting Society-Commitment to Nation

  • Providing best inputs to various government bodies for better monitoring and implementation.

  • Active involvement in 'Jan Dhan Yojna'

  • Honoring institutes according to their achievements

10) Brand Building

  • Awaring people through various seminars in schools and colleges and other educational institutions

  • Providing scholarships to talented students in various senior secondary boards

  • Informing people about the achievements of Chartered Accountants

  • Showcasing strengths of ICAI at global scale.

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Salary Trend

An average salary of a Chartered Accountant is Rs 608,976 per year. Gradually, skills associated with this profile helps achieving desired salary in future. Skills associated with this job are management auditing, budget management, financial analysis, strategic accounts, and financial advisor.

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Conclusion

CA is undoubtedly among the best career options in India. With the efforts of ICAI, It has always been the most sought-after sectors for students. The latest event organized in Kolkata is among those efforts that ICAI always maintains to motivate individuals about Chartered Accounting and its scopes. CA profession provides multiple well-paid opportunities to CA degree holders. Moreover, CAs can start their own practice. Many doors are open for CA experts. One requires precision and do hard work to take admission in CA course and complete studies further. If you also want to pursue chartered accountancy, you have to put your best foot forward. All the best!

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