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Monday, April 30, 2012
Winners of Daily quiz award 30/04/2012
Following are the Winners of Daily quiz award 30/04/2012:
GKS
Udit Bajaj
Dhaval Ganatra
Hetal Chotalia
Congratulations to all the winners on winning free talk time. To participate visit http://www.canewsbeta.com/p/forum.html
Vacancy for CMA in HIL
Job Description -
No. of Posts One Pay Scale under IDA pattern Rs. 14500-350-18700 Qualification and Experience required Passed Final examination of the Institute of Cost & Works Accountants or Charted Accountants of India with
RBI cuts rates, home & car loans to be cheaper (RBI Credit Policy)
By ACA Sanjeev Jain
Latest amendment by RBI
RBI cuts rates, home & car loans to be cheaper are expected to become cheaper with the Reserve Bank of India cutting
interest rates on Tuesday for the first time in three years by a
more-than-expected half a percentage point aimed at boosting the sagging
economy.
RBI in
its annual policy reduced by 50 bps its repo rate - the rate at which
it lends overnight funds to banks and also announced a slew of
consumer-friendly measures such as zero balance savings account for all
and abolition of pre-payment charges for home loans. The availability of
cheaper funds is expected to spur individuals to spend more and
business to increase investment and expectedly was cheered by bankers
and industrialists across the board. Giving the policy a thumbs up
the BSE Sensex closed 206 points higher at 17357 points, buoyed largely
by the magnitude of the cuts since it was only expecting a 25 bps
reduction. Bond's also rallied with yield on 10-year benchmark bond
falling to 8.34% down from 8.44% on Monday. In the forex market the
rupee rallied against the dollar to 51.49 up from Monday's close of
51.68.
AMENDMENTS IN TRANSFER PRICING PROVISIONS NEED TO BE REVIEWED
Transfer Pricing (TP) Provisions were introduced in India by the Finance
Act 2001. The TP Provisions were introduced with an intent to protect
India's right to collect a fair share of tax in respect of cross border
transactions. In simpler terms, TP Provisions were introduced to ensure
that an international transaction between two associated enterprises is
made at an arm's length price so that both the countries involved get a
Blending of various types of tea does not amount to 'manufacturing' within meaning of section 80-IB(2)(iii)
Blending of various types of tea does not amount to 'manufacturing'
within meaning of section 80-IB(2)(iii) so as to allow deduction under
said section
[2012] 20 taxmann.com 767 (Pune - Trib.)
IN THE ITAT PUNE BENCH 'A'
Sonrise Tea Processing Company (P.) Ltd.
v.
Assistant Commissioner of Income-tax, Circle 2, Kolhapur*
[2012] 20 taxmann.com 767 (Pune - Trib.)
IN THE ITAT PUNE BENCH 'A'
Sonrise Tea Processing Company (P.) Ltd.
v.
Assistant Commissioner of Income-tax, Circle 2, Kolhapur*
Recent clarification by Delhi High Court u/s 50b for demerger/ slum sale/reconstruction
By ACA Sanjeev Jain
Synopsis
Earlier
there were two tribunal judgements wherein it was held that transfer
effected as a result of the Court approved scheme could not said to be a
sale of an undertaking. Consequently, such a transfer could not be said
to be as a result of sale and therefore provisions u/s 50B read with
section 2(42C) would not apply. However Hon’ble Delhi High Court in his
recent judgement of SREI’s has announced a contrary view as against
earlier decisions pronounced by the tribunal.
Sunday, April 29, 2012
WANTED ACCOUNTS AND AUDIT ASSISTANTS FOR A CA FIRM IN NEW DELHI AND AGRA
WANTED ACCOUNTS AND AUDIT ASSISTANTS FOR Bansal Garg & Co, Chartered Accountants IN NEW DELHI AND AGRA
PLEASE CONTACT ON MOBILE NO 09310037977 / 09312259985 / 09811037977
EMAIL YOUR RESUME AT 26011236@BOL.NET.IN
Vacancy for CA in Syndicate Bank
Eligibility: CA
Location: Anywhere in India
Job Category: Govt Sector, Others
Last Date: 19 May 12
Location: Anywhere in India
Job Category: Govt Sector, Others
Last Date: 19 May 12
Job Type: Full Time
Hiring Process: Written-test.
Hiring Process: Written-test.
Job Details
Advt No. PD/HRDD/REC/02/2012
Syndicate Bank, a leading Public Sector Bank, invites applications from Indian Citizens for appointment of Chartered Accountants in Middle Management Grade/Scale –II. www.freshersworld.com
| Post Name | Qualification as on 01.01.2012 | Post Name |
| Manager – Chartered Accountants MMGS II | Associate/Fellow of the Institute of Chartered Accountants of India. | Total 30, SC 04, ST 2, OBC 8, GEN 16 |
Pay Scale: Rs 19400 - 28100
E services of I C AI
Compendium of opinions. Link. Visit this web page for all information on expert opinion on different subjects.
http://220.227.161.86/eac/eacfinal/index1211.html
E book Library For access you need to be register .
Link
Pay ,membership online link.
http://www.icai.org/memfee2.html
Regards,
C A Shah D J
USA
“Double dip” recession will add to chartered accountants stress levels
Today's announcement that the UK economy has entered a double dip
recession will have a definite impact on stress levels among
accountants, says Chartered Accountants' Benevolent Association (CABA).
During the 2008-09 recession, calls to CABA about the resulting stress on individuals were a common call to the charity, and there are already signs the new recession will also directly affect the wellbeing of many accountants.
Kath Haines, Chief Executive at CABA, explained: "While there is recognition that this new recession has only a fraction of the significance of the previous one, chartered accountants do seem to feel that, partially as an element of their job role, they will be directly impacted."
She explained that economic bad news of this type tended to affect accountants through a number of routes – with the obvious one being an increased feeling of vulnerability to unemployment and its resulting financial problems. However, much of their feeling of dread was linked to the type of work that they undertook.
Kath added: "There is very much a phenomenon where, when economic bad news is released, it tends to land on the desk of an accountant. The managing director of a company will walk down the corridor to the office of their accountant and start difficult conversations about how costs could potentially be further reduced.
"Clearly, the more of a managerial role that an accountant has, either working in a practice or in business, the more likely he or she is to be facing this kind of problem. It can be extremely stressful and, in many organisations where financial issues have now been dragging on for years and years, difficult to escape from.
"In many instances, the job of an accountant is to deal with the financial bottom line, and times like these make working to deliver an acceptable result very hard indeed."
Kath said that much of CABA's work was based on the need for accountants to learn to cope with stress and adopt strategies that safeguarded their wellbeing.
She said: "We can provide anything from training courses to online resources to simply being a listening ear. Any accountant who feels that they are not really coping in difficult circumstances such as these should get in touch. That's why we are here."
(Source - CABA Press Release)
During the 2008-09 recession, calls to CABA about the resulting stress on individuals were a common call to the charity, and there are already signs the new recession will also directly affect the wellbeing of many accountants.
Kath Haines, Chief Executive at CABA, explained: "While there is recognition that this new recession has only a fraction of the significance of the previous one, chartered accountants do seem to feel that, partially as an element of their job role, they will be directly impacted."
She explained that economic bad news of this type tended to affect accountants through a number of routes – with the obvious one being an increased feeling of vulnerability to unemployment and its resulting financial problems. However, much of their feeling of dread was linked to the type of work that they undertook.
Kath added: "There is very much a phenomenon where, when economic bad news is released, it tends to land on the desk of an accountant. The managing director of a company will walk down the corridor to the office of their accountant and start difficult conversations about how costs could potentially be further reduced.
"Clearly, the more of a managerial role that an accountant has, either working in a practice or in business, the more likely he or she is to be facing this kind of problem. It can be extremely stressful and, in many organisations where financial issues have now been dragging on for years and years, difficult to escape from.
"In many instances, the job of an accountant is to deal with the financial bottom line, and times like these make working to deliver an acceptable result very hard indeed."
Kath said that much of CABA's work was based on the need for accountants to learn to cope with stress and adopt strategies that safeguarded their wellbeing.
She said: "We can provide anything from training courses to online resources to simply being a listening ear. Any accountant who feels that they are not really coping in difficult circumstances such as these should get in touch. That's why we are here."
(Source - CABA Press Release)
Service tax paid on photography service and shamiyana service availed for arranging State foundation day for employees was available as Cenvat credit
ST : Service tax paid on photography service and shamiyana service
availed for arranging State foundation day for employees was available
as Cenvat credit
[2012] 20 taxmann.com 699 (Karnataka)
HIGH COURT OF KARNATAKA
Toyota Kirloskar Motor (P.) Ltd.
v.
Commissioner of Central Excise, LTU, Bangalore*
[2012] 20 taxmann.com 699 (Karnataka)
HIGH COURT OF KARNATAKA
Toyota Kirloskar Motor (P.) Ltd.
v.
Commissioner of Central Excise, LTU, Bangalore*
Brief of 9th Meeting of Committee on Public Finance & Government Accounting held on 23rd April, 2012 at ICAI Bhawan, New Delhi
The Committee on Public Finance & Government Accounting conducted first meeting of the Council Year 2012-13 and cumulative 9th meeting of the Committee on 23rd April 2012 at ICAI Bhawan, I P Marg, New Delhi.
While welcoming the Committee Members the Chairman apprised about the initiatives of the Committee. He said that this Committee was constituted with a very specific objective of suggesting measures to the Central, State & Local Government to ensure proper utilization and control over Public Finance. In order to give more visibility to the initiatives of Committee on Public Finance & Government Accounting and ICAI as a whole, it was decided to constitute State Level Task Forces with Central Council Member as the Convenor. It was also discussed to organise Awareness Programmes on the theme “Rising to the Challenges in Public Finance & Government Accounting� on PAN India basis. The Chairman also expressed the need to help the public sector undertakings in their capacity building measures.
The Chairman appreciated the efforts of the Committee Secretariat in bringing out publication on “Fiscal Responsibility & Budget Management Act: A Review of the Performance of Enacted States�.
The Ready Referencer consisting of commonly used terms in the field of Public Finance & Government Accounting prepared by the Committee Secretariat was also appreciated by the members.
The Committee Members present took keen interest in the activities and agenda of the Committee and appreciated the efforts of the Committee and put forward their suggestions thereon.
The meeting ended with the vote of thanks to the Chair.
SUBMISSION TO BE MADE IF YOUR DEALER PURCH FROM HAWALA DEALER
To,
The sstnt/deputy commissioner of sales tax,
Ref:(1) Tin :-__________________v/c
(2) Notice IN FORM 603B DATED__________
SUB:-Submission on the points raised in your notice
respected sir,
we have received above mentioned notice for the peiod_____- asking us to produce
the details of all of our books of accounts and other details, And asked us to produce the record of only vendor dealers declared as HAWALA DEALER by sales tax authoritities. According to you he has only issued the tax invoices but there were no actual sale of goods by him to us.
In this connection, we sumit that we have purchased the goods mentioned in transactions and properly accounted all the purchases madef from said vendor. Our accounts are properly audited by the chartered accountant .we have also furnished the said information in annexure J1 & J2 along with VAT audit report. in support of of our submissioon we have enclosed here with the ledger extract of the vendor from our ledger.
your honour has also asked us to pay the tax levied by our vendor in our tax invoices for the reasonthat we are not eligible for said set off.
IN this connection we submitbefore your honour as underL:-
1) we have actuaaly purchased the said goods from m/s_________ having tin number_________-
2) we have original tax invoices a per section 86 of MVAT act.
3)we have made the payment against the bills issued by vendor for the above mentioned purchase through account payee cheques only vide chq nos:-
a)
b)
c)
d)
4)we have properly accounted the said bill of purchase in our books of account.
5)the above mentioned TIN of said vendor is active as on the date of purchase.
6)when it is ased by us that why the vendor is declared as HAWALA. it is said that the list is provided to you by the higher authorities.The assessing authorities are only to instructed to recover the said tax amount from us.
7) IN THE CASECENTRUM INDUSTRIED PVT LTD (46 MTJ 484), KARNATAKA APPELLATE TRIBUNAL HAS HELD THAT IF A DEALER ESTABLIS HIS CLAIM FOR INPUT TAX BY FURNISHING VALID TAX INVOICE ISSUED BYBY REGISTERED DEALER INDICATING THE VAT COLLECTED IN IT, HE WOULD BE DISCHARGING LIABILITY CASTUPON HIM UNDER SECTION 70(1). IT IS THE RESPONSIBILITY OF AUTHORITIES CONCERNED FOR TAKING APPROPRIATE ACTION UNDER THE LAW AGAINST NON COMPLIANCE DEALER.
WE REQUEST YOUR HONOR THAT MATTER OF M.F FRANCO CHEMICAL INDST LTD WAS ADMITTED BY BOMBAY HIGH COURT, SO THE MATTER IS SUB JUDICE AND KEEP THE MATTER PENDING TILL THE DISPOSAL OF WRIT IN HONOURABLE BOMBAY HIGH COURT AND OBLIGE.
The sstnt/deputy commissioner of sales tax,
Ref:(1) Tin :-__________________v/c
(2) Notice IN FORM 603B DATED__________
SUB:-Submission on the points raised in your notice
respected sir,
we have received above mentioned notice for the peiod_____- asking us to produce
the details of all of our books of accounts and other details, And asked us to produce the record of only vendor dealers declared as HAWALA DEALER by sales tax authoritities. According to you he has only issued the tax invoices but there were no actual sale of goods by him to us.
In this connection, we sumit that we have purchased the goods mentioned in transactions and properly accounted all the purchases madef from said vendor. Our accounts are properly audited by the chartered accountant .we have also furnished the said information in annexure J1 & J2 along with VAT audit report. in support of of our submissioon we have enclosed here with the ledger extract of the vendor from our ledger.
your honour has also asked us to pay the tax levied by our vendor in our tax invoices for the reasonthat we are not eligible for said set off.
IN this connection we submitbefore your honour as underL:-
1) we have actuaaly purchased the said goods from m/s_________ having tin number_________-
2) we have original tax invoices a per section 86 of MVAT act.
3)we have made the payment against the bills issued by vendor for the above mentioned purchase through account payee cheques only vide chq nos:-
a)
b)
c)
d)
4)we have properly accounted the said bill of purchase in our books of account.
5)the above mentioned TIN of said vendor is active as on the date of purchase.
6)when it is ased by us that why the vendor is declared as HAWALA. it is said that the list is provided to you by the higher authorities.The assessing authorities are only to instructed to recover the said tax amount from us.
7) IN THE CASECENTRUM INDUSTRIED PVT LTD (46 MTJ 484), KARNATAKA APPELLATE TRIBUNAL HAS HELD THAT IF A DEALER ESTABLIS HIS CLAIM FOR INPUT TAX BY FURNISHING VALID TAX INVOICE ISSUED BYBY REGISTERED DEALER INDICATING THE VAT COLLECTED IN IT, HE WOULD BE DISCHARGING LIABILITY CASTUPON HIM UNDER SECTION 70(1). IT IS THE RESPONSIBILITY OF AUTHORITIES CONCERNED FOR TAKING APPROPRIATE ACTION UNDER THE LAW AGAINST NON COMPLIANCE DEALER.
WE REQUEST YOUR HONOR THAT MATTER OF M.F FRANCO CHEMICAL INDST LTD WAS ADMITTED BY BOMBAY HIGH COURT, SO THE MATTER IS SUB JUDICE AND KEEP THE MATTER PENDING TILL THE DISPOSAL OF WRIT IN HONOURABLE BOMBAY HIGH COURT AND OBLIGE.
ICAI President's Message - May 2012 - (28-04-2012)
| Dear friends, |
|
The future belongs to those who live intensely in the present.
As such, we need to intensify our core competence, add more and more value to
our services, and be a complete business solutions provider. In line with the
saying that ‘success is a journey, not a destination,’ we should not rest
with success - instead should sustain it as a continuous journey to ultimate
excellence - season after season. April and May are the months of hectic
activity for a chartered accountant’s office, with the March year-end closing of
financial statements and expectations from all clients, especially public-sector
banks and listed company clients, to get their financial statements audited on a
priority basis. Indeed, it is the time that tests our resource management
skills. But, more importantly, it is the time that tests our grip not only on
the understanding of client and its business environment, but also our
understanding of the sacrosanct Engagement and Quality Control Standards, as
well as our ability to apply them under a time-bound schedule. Let’s try to tap even the most distant of emerging opportunities, many of which may come in the garb of challenges. With fast-paced changes happening all around us, it is high time that we thought out of the box to deal with emerging challenges and excel in the long run too. Remember that even small opportunities are often the beginning of great enterprises, provided you act with wisdom. But, as the saying goes, never mistake knowledge for wisdom, because while one helps you make a living, the other helps you make a life. Knowledge, skill and experience may not be enough, unless we develop wisdom to use them. “These days, people seek knowledge, not wisdom. Knowledge is of the past, wisdom is of the future,� so goes a saying, which is worth taking note of in present times. It is all about how best we shape our future. Now, let me update you on some major developments pertaining to our profession over the last month: |
 |
| CA Fraternity Loses a Doyen in Shri NKP
Salve |
|
The Indian chartered accountant fraternity lost a doyen in
public life when former union minister and ex-BCCI president CA. Narendra Kumar
Salve, popularly known as N. K. P. Salve, passed away on April 1st, 2012, at the
age of 90. A chartered accountant by spirit and profession, with an active
practice from 1950 to 1982, Shri Salve was considered an authority on direct
taxes. A gifted orator, especially on public finance, taxation, macro-economics,
constitutional issues, etc., he headed the Joint Parliamentary Committee on
Taxation Laws in 1975. He gave up his practice after getting elected to the
Union Cabinet in 1982 under the leadership of the then Prime Minister Smt.
Indira Gandhi. He had also worked closely with former Prime Ministers Shri Rajiv
Gandhi and Shri P. V. Narasimha Rao while undertaking responsibilities for
Ministries of Information & Broadcasting, Steel & Mines, Parliamentary
Affairs, and Power. During this period, he also became the Chairman of 9th
Finance Commission of India for 1987-90. He later shifted his base to Nagpur. He
made valuable contributions towards promoting education in Maharashtra and
sports across the country. I, on behalf of the profession, express profound
grief on his demise and pay heartfelt tribute to the departed soul. I hope that
his probity in public life as well as result-oriented enthusiasm for sports and
education will continue to inspire younger generations. More details about the
departed leader have been published elsewhere in the
journal. |
| International
Initiatives |
|
ICAEW Head of New Business Opportunities Justin West in
ICAI: Recently, we had a visitor in Mr. Justin West, Head of New Business
Opportunities, Institute of Chartered Accountants of England and Wales (ICAEW),
who was here to discuss the implementation the strategy for enhancing the
student base under our MoU with ICAEW, among other matters. In order to
strengthen our bilateral relationships, we agreed to share our respective
journals as well as other publications, besides sharing details of candidates
enrolled by both institutes under the MoU. We also felt a need to develop
modalities to frame train the trainers programmes to train the ICAI
faculty to ensure that candidates pursuing ICAEW course in India achieve the
desired targets. We also decided to organise our joint programmes in the UK,
Dubai and India. A need to encourage students in England to undertake the ICAI
course in India was also realised. Mr. West promised to get back to us soon
after discussing all the ICAI-related issues at ICAEW, including the revision of
the fees structure of ICAEW course for ICAI students to pursue the ICAEW
course. |
| Initiatives for Government Offices and
Officials |
|
GASAB (C&AG) Meeting: I attended the 25th meeting of
the Government Accounting Standards Advisory Board (GASAB) constituted by the
Comptroller and Auditor General of India to formulate accounting standards to be
applied in preparation of the financial statements of the Union Government, the
state governments and the Union Territories having legislative assemblies. The
GASAB is in the process of formulating Indian Government Accounting Standards
(IGAS), which are applicable in the context of cash basis of accounting
presently being followed by the Government and Indian Government Financial
Reporting Standards (IGFRS) in the context of accrual basis of accounting, which
will be applicable when the Government shifts over to that basis of accounting.
At the meeting, drafts of IGFRS 1: Presentation of Financial Statements
and IGFRS 6: Accounting Policies, Changes in Accounting Estimates and
Errors were considered. It was decided to issue the aforesaid drafts as
Exposure Drafts for public comments. It may be mentioned that the ICAI has
always supported the Government’s move on accrual basis of accounting, which is
more a scientific basis, compared to the cash basis of accounting, and in this
endeavour, the ICAI has been constantly providing inputs in the form of not only
participating in various meetings of GASAB, but also sending comments on the
drafts issued by GASAB. At the aforesaid meeting also comments made by the ICAI
were highly appreciated and accepted in the formulation of the Exposure
Drafts. Workshops on Insurance Jointly with IRDA: Recently, we conducted a series of workshops on insurance for the benefit of our members engaged in audit of insurance companies and senior executives of insurance companies in Hyderabad and Kolkata, jointly with IRDA. In Hyderabad, it was hosted by our Hyderabad branch and inaugurated by IRDA Chairman Shri J. Hari Narayan. I, along with my Central Council colleague CA. J. Venkateswarlu and CA. Nilesh Vikamsey, Chairman and Vice Chairman, respectively of the Committee for Banking, Insurance and Pension, addressed the delegates. The workshop was attended by senior functionaries of IRDA and more than 150 delegates. In Kolkata, the workshop was hosted by EIRC of the ICAI and attended by more than 120 delegates. It was inaugurated by IRDA Board member Shri R.K. Nair. ICAI Vice- President CA. Subodh Kumar Agrawal, along with our Central Council colleagues CA. Sumantra Guha and CA. Abhijit Bandyopadhyay, also addressed the delegates. Shri Sriram Taranikanthi, IAS, Executive Director (Admin) and Financial Advisor, IRDA, also addressed the participants. The delegates included our members as well as executives of insurance companies. Inauguration of IICA: Recently, I represented the Institute and CA profession at the inauguration of Indian Institute of Corporate Affairs (IICA), Haryana campus, at the hands of Prime Minister Dr. Manmohan Singh. Minister of Corporate Affairs Dr. M. Veerappa Moily, MCA Secretary Mr. Naved Masood and noted dignitaries from the Indian corporate world were present on the occasion. This unique world-class IICA has been established with an aim to function as a think tank, action research, service-delivery and capacity-building support to the Ministry of Corporate Affairs, the corporate sector, professionals and related stakeholders. I am sure that the IICA will add a new dimension to the knowledge infrastructure of the country, just as the setting up of IIMs/IITs did a few decades ago. I look forward to work closely with the IICA in the future. 6th International Banking & Finance Conference in Mumbai: I participated in the 6th International Banking & Finance Conference: Leveraging Financial Services Sector as Growth Engine for Transformation, jointly organised by us and the Indian Merchant Chambers (IMC) recently in Mumbai, where the focus was to contemplate and discuss the role of the financial sector in achieving sustainable growth in India. Union Finance Minister Shri Pranab Mukherjee inaugurated the Conference, which was also attended by IMC President and my Central Council colleague Ms Bhavna Doshi, IMC Director-General Shri Arvind Pradhan, Bank of Baroda CMD and Indian Banks’ Association Chairman Shri M. D. Mallya, SBI Chairman Shri Pratip Chaudhuri, and Rajya Sabha MP and ASSOCHAM President Shri Rajkumar Dhoot, among others. Shri Mukherjee stressed his close-to-heart agenda of financial inclusion and said that it (financial inclusion) was a necessary condition for financial deepening. |
| Initiatives for
Profession |
|
Yashwant Sinha and CA. K. Rahman Khan Address Our
Council: As you are aware, I, along with the ICAI Vice-President CA. Subodh
Kumar Agrawal and my Central Council colleague CA. S. Santhanakrishnan, had met
the Chairman of Parliamentary Standing Committee on Finance Shri Yashwant Sinha
and discussed our concerns on the Companies Bill while submitting our viewpoints
on the same. We had also met Deputy Chairman Rajya Sabha CA. K. Rahman Khan to
discuss various issues of professional interest. Besides, we also had invited
them to address our Council meeting to which they kindly consented. In their
enlightening address to our recently held Council meeting, both of them hailed
our profession and advised us how best we can help in the Budget exercise of the
Government and in helping maintain the fiscal discipline of the country and high
professional standards. Meeting with SEBI Chairman Shri U.K. Sinha: I, along with Vice President CA. Subodh Agrawal, recently met SEBI Chairman Shri U.K. Sinha and discussed matters of professional and national interest. Among other issues, we impressed upon him that ICAI can act as an extended arm of the SEBI in monitoring market intermediaries such as brokers, merchant bankers, depositories, clearing corporations and mutual funds, among others. We also raised the issue that there should be separate reporting requirement under Companies Auditor Report Order (CARO) for the listed and unlisted companies due to public interest involved in the listed companies. We also offered the SEBI Chairman ICAI help and involvement in the forensic cell of SEBI recently established to verify disclosures made by companies in their IPO offer documents and also to take up cases of accounts related financial malfeasance. Provision for Advance Course on ITT: I am pleased to share with our stakeholders that consequent to our discussion with the Ministry of Corporate Affairs on the proposals regarding the amendment to Chartered Accountants Regulation, 1988 and consequent to certain amendments proposed in the Regulation 29C, we have agreed in principle to include a provision with regard to an advanced course on Information Technology Training (ITT), and the same has been exposed for public comments, too. |
| Initiatives for
Members |
|
General Amnesty Scheme: I would like to inform the
accounting fraternity that our Institute has been working really hard to cater
to the needs and requirements of our members and launched various initiatives
for them from time to time. In line with that tradition, we had brought in
General Amnesty Scheme for the purpose of restoration (from retrospective date)
of membership of the members, whose names were removed for various reasons,
including non-payment of membership fees. Let me inform you that we have
received a good response to our Scheme. Some 3,493 members have applied for
restoration under Regulation 19 of CA Regulations, 1988 and more than 345
members have applied under the General Amnesty Scheme. New Online Portal on Health Insurance: This is to inform our stakeholders that an exclusive online portal, http://icai.newindia.co.in, has become operational with regard to the recently launched health insurance scheme through New India Assurance Co. Ltd., Mumbai, for our members and students, where they can calculate and pay premiums, and find other details about the scheme. The link of this portal is also available at the Institute’s website. Regional Chairmen Meet in New Delhi: I am pleased to share with our stakeholders that we recently had a useful meeting with all Chairmen of our Regional Councils in order to improve the overall effectiveness of our professional operations as well as the Institute vis-à -vis improved communication and empowerment of our members. We have vowed to take new and more active initiatives for the benefit of our members in this annual exercise. I am sure such an exercise always expedites our initiatives for the cause of accountancy profession. CIRC Chairmen Meet and Orientation Programme: Recently, I took part in the meeting of chairmen of the branches of Central India Regional Council of the ICAI in the serene atmosphere of Haridwar, and discussed various crucial issues of interest to members of CIRC in particular and the profession and its other stakeholders in general. An orientation programme for the CIRC members was also organised. Yoga guru Baba Ramdev enlightened the gathering with his words of wisdom on the occasion. Union Minister of State in the Ministry of Agriculture and Parliamentary Affairs Shri Harish Rawat also addressed the gathering. Central Council members CA. Manoj Fadnis, CA. Vijay Garg, CA. Anuj Goyal, CA. Ravi Holani, CIRC Chairman CA. Mukesh Singh Kushwah, Vice Chairman CA. Manu Agrawal, office bearers of CIRC and other dignitaries were among the large gathering of members on the occasion. I am sure such programmes will go a long way in enriching the bonhomie among members and in their better understanding of the Institute, it objectives and initiatives for the ultimate benefit of the profession and the country. Construction of CIRC Building in Kanpur Begins: I am happy to inform you that to further strengthen the ICAI infrastructure for the benefit of members, I recently took part in the Bhoomi Pujan, and the foundation stone laying ceremony for the ICAI Bhawan of Central India Regional Council in Lakhanpur in Kanpur. Central Council members CA. Vijay Garg, CA. Anuj Goyal, CIRC Chairman CA. Mukesh Singh Kushwah, CA. Manu Agrawal and other office bearers of the CIRC were among those present on the occasion. I am sure that once completed, this building will cater to various needs of our members and students falling under CIRC. Expert Panel on Bank Audit Issues: To help members achieve their bank audit targets we constituted an expert panel to address their bank audit-related queries for the year ended March 31st, 2012, which provided online support to them from March 26th, 2012 to April 10th, 2012. Two Technical Guides on Internal Audit Issued: The Internal Audit Standards Board has issued two publications, Technical Guide on Internal Audit of Mining and Extractive Industry and Technical Guide on Internal Audit of Not-for-Profit Organisations. SIRC Diamond Jubilee Celebrations: Recently, I participated in the SIRC Diamond Jubilee Celebrations organised in Chennai. ICAI Vice-President CA. Subodh Kumar Agrawal, and my Central Council colleague CA. V. Murali and SIRC Chairman CA. K Viswanath were also present during the celebrations, which included felicitation of ICAI President and Vice-President. Former Intelligence Bureau Special Director Shri K. V. S. Gopalakrishnan was also present at the function as the Chief Guest. Meeting Members at BCAS: I, along with ICAI Vice President CA. Subodh Kumar Agrawal, recently was at the Bombay Chartered Accountants’ Society (BCAS) in Mumbai to interact with its members, where I updated them on the professional initiatives launched by the Institute. BCAS President CA. Pradip Thanawal and WIRC Chairman CA. Durgesh Kabra were also present, among others. Initiatives and developments pertaining to the profession under WIRC were also discussed. |
| Initiatives for the
Institute |
|
Hospitalisation Assistance Scheme for Both Existing &
Retired Employees: I am really happy to give the information to all
employees and ex-employees of the Institute that we have decided to extend the
benefit of the hospitalisation assistance scheme to the retired employees/family
pensioners of the retired and deceased employees as well, as part of our
endeavours towards financial assistance to employees of the Institute under
Employees’ Benevolent Fund. Further, we have enhanced the ceiling on maximum
medical assistance to Rs. 5 lakh for both serving and retired employees. We have
decided that while the disbursement of medical assistance in the case of serving
employees be continued to be made from out of the budget provided for the
Employees Benevolent Fund, the same be met from out of the interest on the
initial corpus of Rs. 2 crore, which was approved by the Council
recently. Social Get-together of ICAI Employees: I am happy to note that ICAI Employees Association recently organised a social get-together in Kolkata. I firmly believe that such programmes will ultimately benefit the Institute and its stakeholders, as the positive relations, motivation and high morale will help in better working environment and work culture. I will encourage more such programmes. |
| Initiatives for
Students |
|
May 2012 CA Examinations: Students’ concerns have always
been prime on my agenda. I would like to inform them that arrangements are being
made for the May 2012 CA examinations at 135 centres across the country as well
as at four centres abroad. Around 2,52,619 candidates, including 83,327 for
Final, 1,44,032 for IPCE and 25,260 for PCE, have applied. Online Examination
forms continue to attract a majority of students as 88% of them have submitted
their forms online. Even 95% of students appearing for the Final opted for
online. It is quite heartening and encouraging to witness the overwhelming
response of students to our IT initiatives and green concerns in examinations.
Besides, to prepare students for the exam, we recently organised mock tests
through the Regional Councils and Branches. GMCS Course: To equip entrants to the profession with some essential skills, it has now been decided that Articled Assistants joining Articled training on or after 1st May, 2012, shall have to undergo the GMCS Course twice during the period of training for 15 days each – once during 1st year of articled training and second during last one and a half years (i.e. between 19th and 36th month of Practical Training). Keeping in view the requirements of Indian Industry, the course content for the two phases of the GMCS Course has been comprehensively revised to make it more useful and informative. National School-Level Debate Competitions: I am happy to inform that we will soon take initiatives to revive the national school-level debate competition by the Branches and Regional Councils in order to help students develop their oratory skills at young age. This initiative will also help create and enhance the brand image of the Institute. Display of ICAI trophies in academia as early as in schools will help generate curiosity and buzz about the accountancy profession among their students. E-Diary in Articled Training: I am happy to inform our members as well as our students that we have approved the introduction of e-diary concept on all-India basis. To start with, it will be implemented from 1st May, 2012, on a recommendatory basis and, with effect from 1st July, 2012 it will be made mandatory for all. Meanwhile, the summer has set in…many of us must have made plans to beat the sweltering summer heat by going on vacations during the holidays announced by schools and colleges. Indeed, we must take a break, and spend quality time with the family and loved ones too, but preferably after carefully planning and balancing our professional responsibilities. Grenville Kleiser has rightly said: “You were intended not only to work, but to rest, laugh, play, and have proper leisure and enjoyment. To develop an all-round personality, you must have interest outside of your regular vocation that will serve to balance your responsibilities.� I wish you all the best. |
| CA. Jaydeep Narendra Shah President, ICAI New Delhi, April 23, 2012 |
Recent Case Law on Professional Misconduct
Council of Institute of Chartered Accountants of India Vs Ajay Kumar Gupta Ref No 1/2010 Delhi High Court Dated 28th Feb 2012
Issue
The respondent issued a
certificate in Form No 10CCAC to the tune that the profit of his client
Rs 18.33 Lacs was exempt under section 80HHC
Facts of the Case
The
respondent has issued a certificate under section 80HHC in form No
10CCAC. The client of the respondent has for the AY 1998-99 shown an
export turnover of Rs 82,51,043/- and a profit of Rs 18,32,985/- . The
deduction is available only when the export proceeds are received in
convertible foreign exchange in a period of six months.
During
the Assessment proceeding the ACIT recorded the statement of the
assessee wherein he admitted that the exports proceeds have not been
realized and a suit of recovery has been filled.
The respondent pleaded his
sickness, has otherwise unblemished practice of 21 years and that the
incident is old which may provide some mitigating factors in his favour.
Held
After weighing the aforesaid
factors on either side, we are of the view that in the present case the
respondent cannot be let off merely by giving him reprimand. Some
penalty needs to be imposed so that it acts as deterrent and such
professional misconduct are not committed. Weighing the circumstances,
we are of the opinion that the ends of justice would be subserved by
removing the name of the respondent from the Register of Members for a
period of six months.
Winners of Daily quiz award 29/04/2012
Following are the Winners of Hourly quiz award 28/04/2012:
GKS
Hetal Chotalia
Congratulations to all the winners on winning free talk time. To participate visit http://www.canewsbeta.com/p/forum.html
Saturday, April 28, 2012
Daily Horoscope 29/04/2012
Aries:
March 21st - April 20thTaurus:
April 21st - May 20thGemini:
May 21st - June 21stCancer:
June 22nd - July 22ndLeo:
July 23rd - August 23rdVirgo:
August 24th - September 23rdLibra:
September 24th - October 23rdScorpio:
October 24th - November 22ndSagittarius:
November 23rd - December 21stCapricorn:
December 22nd - January 20thAquarius:
January 21st - February 18thPisces:
February 19th - March 20th
No filing / Late filing of TDS returns or TDS statement shall invite 2 penal consequence as the finance bill 2012-13 has given 2 New provisions
> No filing / Late filing of TDS returns or TDS statement shall
invite 2 penal consequence as the finance bill 2012-13 has given 2 New
provisions –
1) Fee for late filing U/s 234E and
2) Penalty for late filing or Non filing of TDS statement U/s 271H.
>>> Fee U/s 234E for late filing of TDS Statement:
> Proposed to be effective from 1st of July 2012,
> with heading “Levy of Fee in certain case”
> deductor will be liable to pay by way of fee of Rs 200 per day till the failure to file TDS statement continues...
NOTE ::: The total fee cannot exceed the amount of TDS deductible for which statement was required to be filed.
>>> Penalty for late filing or non- filing TDS statement
> section 271H which provides that a deductor shall pay
> Penalty of minimum Rs 10,000 to Rs 1 lakh for not filing the TDS statement within one year (1 year) from the specified date within which he was supposed to file the statement.
> This amendment is "also" effective from 1st July 2012.
1) Fee for late filing U/s 234E and
2) Penalty for late filing or Non filing of TDS statement U/s 271H.
>>> Fee U/s 234E for late filing of TDS Statement:
> Proposed to be effective from 1st of July 2012,
> with heading “Levy of Fee in certain case”
> deductor will be liable to pay by way of fee of Rs 200 per day till the failure to file TDS statement continues...
NOTE ::: The total fee cannot exceed the amount of TDS deductible for which statement was required to be filed.
>>> Penalty for late filing or non- filing TDS statement
> section 271H which provides that a deductor shall pay
> Penalty of minimum Rs 10,000 to Rs 1 lakh for not filing the TDS statement within one year (1 year) from the specified date within which he was supposed to file the statement.
> This amendment is "also" effective from 1st July 2012.
A genuine transaction made in an emergency, doesnot attract penalty u/s 271D
Held that >>>
> A genuine transaction made in an emergency, doesnot attract penalty u/s 271D
> cash paid to meet medical treatment expenditure in emergency, does not attract penalty u/s 271D.
>>> Case Study :::
Mrs Rupali R. Desai v. ACIT 88 ITD 76 (Mum.). In ITO v. Shree Mahaveer Industries 82 TTJ 549 (Jd.)
> A genuine transaction made in an emergency, doesnot attract penalty u/s 271D
> cash paid to meet medical treatment expenditure in emergency, does not attract penalty u/s 271D.
>>> Case Study :::
Mrs Rupali R. Desai v. ACIT 88 ITD 76 (Mum.). In ITO v. Shree Mahaveer Industries 82 TTJ 549 (Jd.)
The Special Bench of ITAT held that router and switches which are necessary for the operation of computer are to be classified as computer and, therefore, entitled to 60% depreciation.
Held in >>> DCIT Vs. Datacraft India Ltd. – 40 SOT 295 (Mum)(SB).
> The Special Bench of ITAT held that router and switches which are necessary for the operation of computer are to be classified as computer and, therefore, entitled to 60% depreciation.
Similarly,
Held in >>> Assistant Commissioner of Income Tax Vs. M/s Caparo Maruti Limited
> The accessories and peripherals purchased during the year under consideration are an integral part of the computer.
> Therefore, the same are entitled to depreciation as a computer @60 % (and not @15 %)...
> The Special Bench of ITAT held that router and switches which are necessary for the operation of computer are to be classified as computer and, therefore, entitled to 60% depreciation.
Similarly,
Held in >>> Assistant Commissioner of Income Tax Vs. M/s Caparo Maruti Limited
> The accessories and peripherals purchased during the year under consideration are an integral part of the computer.
> Therefore, the same are entitled to depreciation as a computer @60 % (and not @15 %)...
Vacancy for CA/CMA/CWA/CPA in Amazon Development Centre India
| |||
Winner of Daily Forum Activator Award 27/04/2012
Winner of Daily Forum Activator Award 27/04/2012 is Ishita.
Congratulations on winning cash credits. We have updated your account in Member's earning page.
To participate please visit http://www.canewsbeta.com/p/forum.html
Congratulations on winning cash credits. We have updated your account in Member's earning page.
To participate please visit http://www.canewsbeta.com/p/forum.html
Winners of Hourly quiz award 28/04/2012
Following are the Winners of Hourly quiz award 28/04/2012:
Tejas Khonna
GKS
Anjali Agarwal
Ishita
Congratulations to all the winners on winning free talk time. To participate visit http://www.canewsbeta.com/p/forum.html
Tejas Khonna
GKS
Anjali Agarwal
Ishita
Congratulations to all the winners on winning free talk time. To participate visit http://www.canewsbeta.com/p/forum.html
Vodafone threatens India with international arbitration
By Penny MacRae (AFP) –
NEW DELHI — Vodafone on Tuesday threatened to take India to international arbitration over proposed retroactive tax legislation that could cost the British mobile phone giant over $2 billion.
Vodafone, stepping up its battle against the tax plan which it called a violation of foreign investors' rights, said it had served the Indian government with a "notice of dispute" in a first step toward international arbitration.
It said the Indian legislation was a bid to bypass a ruling by the country's Supreme Court dismissing a $2.2-billion tax bill imposed on the firm over its 2007 takeover of Hong Kong-based Hutchison Whampoa's Indian mobile unit.
The legislation to retroactively tax overseas mergers would "countermand" the court verdict and "violates international legal protections granted to Vodafone and other international investors in India", Vodafone said in a statement.
Vodafone, India's biggest foreign corporate investor, said the notice was the first move before international arbitration under an investment treaty between India and the Netherlands.
The notice was served by Vodafone's Dutch subsidiary as the takeover deal was struck between it and a Cayman Islands-based company that held Hutchison Whampoa's India assets.
India's finance ministry declined to comment on the move.
The cash-strapped Indian government had been widely expected to plug merger tax loopholes.
But the retrospective nature of the legislation has stirred an international outcry at a time when India urgently needs big-ticket foreign investments to upgrade its dilapidated infrastructure and spur slowing economic growth.
New Delhi's legislation, announced last month, would allow India to tax the sale of Indian assets, even if seller and buyer are foreign, back to 1962.
This month, seven global business groups warned the proposal was "prompting a widespread reconsideration of the costs and benefits of investing in India".
Gross foreign direct investment in India already fell by a quarter to $20.3 billion in the most recent fiscal year from a year earlier.
Vodafone said it wanted an "amicable solution" and had asked India to abandon the retrospective aspects of the proposed legislation.
Otherwise "Vodafone will take whatever steps are necessary to protect its shareholders' interests, including commencing investment treaty arbitration proceedings", the company said.
India contends Vodafone should have withheld the amount the seller, Hutchison, would have owed in capital gains tax when it sold the Indian unit for $10.7 billion.
Vodafone successfully argued in the Supreme Court the deal was exempt from any tax because the sale took place abroad and both buyer and seller were from beyond India's borders. It also noted it was the purchaser and made no gain.
Aside from Vodaf
NEW DELHI — Vodafone on Tuesday threatened to take India to international arbitration over proposed retroactive tax legislation that could cost the British mobile phone giant over $2 billion.
Vodafone, stepping up its battle against the tax plan which it called a violation of foreign investors' rights, said it had served the Indian government with a "notice of dispute" in a first step toward international arbitration.
It said the Indian legislation was a bid to bypass a ruling by the country's Supreme Court dismissing a $2.2-billion tax bill imposed on the firm over its 2007 takeover of Hong Kong-based Hutchison Whampoa's Indian mobile unit.
The legislation to retroactively tax overseas mergers would "countermand" the court verdict and "violates international legal protections granted to Vodafone and other international investors in India", Vodafone said in a statement.
Vodafone, India's biggest foreign corporate investor, said the notice was the first move before international arbitration under an investment treaty between India and the Netherlands.
The notice was served by Vodafone's Dutch subsidiary as the takeover deal was struck between it and a Cayman Islands-based company that held Hutchison Whampoa's India assets.
India's finance ministry declined to comment on the move.
The cash-strapped Indian government had been widely expected to plug merger tax loopholes.
But the retrospective nature of the legislation has stirred an international outcry at a time when India urgently needs big-ticket foreign investments to upgrade its dilapidated infrastructure and spur slowing economic growth.
New Delhi's legislation, announced last month, would allow India to tax the sale of Indian assets, even if seller and buyer are foreign, back to 1962.
This month, seven global business groups warned the proposal was "prompting a widespread reconsideration of the costs and benefits of investing in India".
Gross foreign direct investment in India already fell by a quarter to $20.3 billion in the most recent fiscal year from a year earlier.
Vodafone said it wanted an "amicable solution" and had asked India to abandon the retrospective aspects of the proposed legislation.
Otherwise "Vodafone will take whatever steps are necessary to protect its shareholders' interests, including commencing investment treaty arbitration proceedings", the company said.
India contends Vodafone should have withheld the amount the seller, Hutchison, would have owed in capital gains tax when it sold the Indian unit for $10.7 billion.
Vodafone successfully argued in the Supreme Court the deal was exempt from any tax because the sale took place abroad and both buyer and seller were from beyond India's borders. It also noted it was the purchaser and made no gain.
Aside from Vodaf
EXCEL Utility for ITR-1 (SAHAJ) for AY 2012-13
Dear All,
The Excel Utility for Electronic filing of Return in Form ITR-1 (SAHAJ) for the AY 2012-13 is made available.
Thanks
Mera Consultant
Friday, April 27, 2012
Vacancy for CA in Idea Cellular
| Designation | Urgent opening for Chartered Accountants | ||||
| Company | adityabirla | ||||
| Experience | 1-4 | ||||
| India | |||||
| Industry | Call Centers | ||||
| Job Category | Call Centre/ ITES/ BPO | ||||
| Skills | Chartered Accountant (CPA) | ||||
| Location | India-Maharashtra-mumbai | ||||
| Website | http://www.idea.adityabirla.com | ||||
|
Click here to apply |
|||||
| Urgent opening for Chartered Accountants Job Summary Company Name Aditya Birla Management Corporation India Pvt Ltd Locations Mumbai Experience 1 - 4 years Key Skills CA,finalization,finalisation,"finalisation of accounts","finalization of accounts","chartered accountant",reco Function Finance & Accounts Role Chartered Accountant (CPA) Industry • Banking/ Financial Services • ITES/ BPO/ KPO About Company With 30 years of experience, Aditya Birla Minacs provides customized solutions focused on five core areas of capability: customer relationship management/contact centers, finance and accounting outsourcing, Minacs Marketing Solutions, knowledge and process outsourcing and Minacs IT Services . The company combines expertise in these areas to improve revenue, customer service, and operating margin for Fortune 500 clients. Minacs has more than 13,000 employees at locations in North America, Europe, and Asia and has established successful industry practices with clients in the manufacturing/automotive, banking, financial services, insurance, telecommunications, and technology verticals. As a trusted advisor, Minacs is well positioned for accelerated success, through its multinational footprint, its capabilities in multiple industry verticals, its culturally diverse and knowledgeable workforce, and its ability to deliver best-in-class solutions. Aditya Birla Minacs (Finance & Accounting division) at vikhroli is looking for chartered accountants who have experience into finalisation of accounts. Please refer the below job profile to apply. Job Description Preparation of Year end accounts a. Bookkeeping b. Reconciliation of Bank accounts, VAT and other statutory liabilities (as per request) d. Scrutiny of control accounts including various income and expense accounts e. Ensuring all the above is processed by following the Accounts preparation checklists f. Ensuring compliance as the per the Companies Act in relation to the disclosure in the notes to accounts of the year end accounts g. Computing the Corporation tax on the basis of finalized profit in Accounts production h. Secretarial and other compliance including Minutes of Directors meeting, Letter of Confirmation, Annual Terms of engagement, etc Resolving accounting query with the client manager & having a consistent follow up done for the same until it is amicably solved. Reporting and tracking of the clients deadlines based on the client type on a periodic basis. Adherence to client deadlines and reporting for any variance with respect to budgeted processing hours. | |||||
Seminar on Service Tax & Forthcoming Programs on 5/5/12, 19/5/12 & 26/5/12
Dear All
Your branch is organizing a Seminar on Service Tax as per
the following details:-
Seminar on Service Tax
Day & Date : Saturday,
5th May, 2012
Registration : 4.30
PM to 4.50 PM
Venue : Hotel
President, Police Lines, Jalandhar
Topic : 1)
Negative list of series, their scope and issues
2) Place of supply of service rules
3) Taxable and non taxable jurisdictions
4) Valuation of services and issues
5) Mega exemption notification, exemptions yet to be announced and related issues
6) Abatement and CENVAT – Cascading effect
7) Cause of rising indirect taxes litigation and suggestions to reduce litigation
8) Issues relating to service tax administration and its effect on new investment
2) Place of supply of service rules
3) Taxable and non taxable jurisdictions
4) Valuation of services and issues
5) Mega exemption notification, exemptions yet to be announced and related issues
6) Abatement and CENVAT – Cascading effect
7) Cause of rising indirect taxes litigation and suggestions to reduce litigation
8) Issues relating to service tax administration and its effect on new investment
9)
Export & Import of Services
10)
Cenvat Credit
Guest Speaker : CA.
Bimal Jain
Time : 4.50
PM to 9 PM
Fees : For
Members Rs.
400/-
For Non Members Rs. 400/-
For Articled Clerks Rs. 200/-
CPE Credit : 4 Hours
Members Directory
Your branch is providing the facility of
digital photograph for directory use during the seminar scheduled to be held in
the month of May, 2012.
Members are requested to provide their
photograph during the seminar to be held during the month of May 2012.
Forthcoming Programs
1. Seminar on Income
Tax at Hotel President on 19.05.2012, Time 4.30 PM onwards,
Speakers DR. CA. Rakesh Gupta, CA.
Ashwani Taneja
2. Seminar on FEMA
& Schedule-VI Companies Act at Hotel President on 26.05.2012, Time 4.30 PM
onwards,
Speakers CA. Vinod Jain-Member Central
Council
CA. Ashwani Jindal
Secretary
|
CA. R D Sharma
|
CA. Ashwani Gupta
|
CA. Ashwani Jindal
|
CA. Ashwani Randeva
|
CA. Salil Gupta
|
CA. Sumit Vatta
|
|
Chairman
|
Vice Chairman
|
Secretary
|
Treasurer
|
Exec. Member
|
Exec. Member
|
Difference between “Finance Lease” & “Operational Lease”: High Court Explains Law
CIT vs. The Instalment Supply Ltd (Delhi High Court)
Difference between “Finance Lease� & “Operational Lease�
The assessee bought 1614 items of computer systems for Rs.40 lacs
from HCL Hewlett Packard Ltd and leased back to the same company. The
assessee claimed 100% depreciation on the ground that the cost of each
itemswas less than Rs.5,000. The AO & CIT (A) held that the lease was not a bona fide transaction and that the transaction was a finance transaction.
It was held that the assessee had advanced Rs.40 lacs to HCL Hewlett
Packard Ltd and agreed to receive back this amount along with the
interest over six years. However, the Tribunal upheld the claim on the
ground that the conditions of a valid lease were satisfied. On appeal
by the department to the High Court, HELD:
CPE CALENDAR 2012-13 OBLIGATORY TOPICS
Dear Members,
CPE CALENDAR 2012-13
OBLIGATORY TOPICS
ACCOUNTING AND AUDITING
1. Accounting Standards issued by ICAI
2. Ind (ASs)
3. Audit, Assurance and Quality Standards issued by ICAI
4. Implementing the Accounting Standards in various Sectors/Industries
(Banking Sector, Real Estate Sector, Insurance Industry etc.): Technical &
Managerial Issues
5. Implementation issues in Auditing Standards, Expectations, and compliance
requirements in general in various sectors/Industries (Banking Sector, Real
Estate Sector, Insurance Industry etc.)
6. Pronouncements and other documents of ICAI on Accounting and Auditing
7. Accounting Standards with Sector-wise / Industry-wise practical
presentations
8. US & UK GAAPs
9. Internal Audit Standards
10. Peer Review – Systems, Procedure and Documentation for Practice Units
11. Technical Standards under Quality Review
12. Sarbanes Oxley Act
13. Implications of Sarbanes Oxley Act on the Internal Audit
14. Accounting of the Urban Local Bodies
15. Accounting of Co-operative Societies
16. Audit of Small Entities
17. Forensic Accounting and Audit
18. Internal Audit - including Risk Based Internal Audit
19. Internal Audit and Fraud Risk
20. Internal Control – including Risk Based Perspective
21. Providing Assurance on Internal Controls
22. Service Tax Audit
23. VAT Audit
24. Issues related to Non-corporate Enterprises and their Auditors
25. Clause 49 & Role of Internal Audit
26. Compliance Aspects of Accounting Standards and other Reporting and
Disclosure Requirements
27. Compliance Aspects of Generally Accepted Accounting Principles in the
Preparation and Presentation of Financial Statements
28. Compliance aspects of Standards on Auditing and other mandatory
guidelines issued by ICAI
29. Relationship of Internal Auditor with those charged with Governance
30. Professional Code of Conduct and Business Ethics
31. Sustainability Reporting India’s Journey towards Accrual Accounting in
Government
32. Accrual Accounting in Government – its Practical Sides
33. Accounting for Intangible assets and Depreciation in India
34. Recognition of Cost and Revenue of Computer Software
2
35. Intellectual Capital Reporting – An Overview
36. Forensic Accounting: Process and Scope
37. Fraud Investigation – An Overview
38. Intangible assets – An advent to Internal Audit
39. Environment Audit
COST & FINANCIAL MANAGEMENT
40. Balanced Scorecard
41. Business Process Improvements
42. Capital Budgeting under Globalised Business Environment
43. Financial Forecasting
44. Cost Management
45. Financial Due-Diligence
46. Financial Instruments
47. Financial Modeling
48. Issues in Cross Border Investments
49. Corporate Financial Reporting
50. Restatements of Financial Statements under US GAAP and IAS
INFORMATION TECHNOLOGY
Workshop on:
- IS Audit of Banks/ Banking Application
- Using CAAT’s/ General Audit Software
- IS Audit of Stock Broker CTCL Facility
- MS-Excel - Tool for Audit
- Network Security Audit/ Review
- Windows XP Security Review
- Windows 2000/ 2003/2007 Security Review
- MS-Excel – Tool for Financial Analysis/ Reporting
- MS-Excel for Financial Management
- Advanced Features & Facilities of MS-Excel
- Data Extraction/ Analysis for Accounting/ Financial Requirements
- Reporting/ Documentation Using MS-Word
- IS Audit/ Review of Core Banking Applications (CBA)
- Information System Audit
51. XBRL eXtensible Business Reporting Language
52. Certification of Internal Controls – Clause 49/ Sarbanes Oxley Act
53. Accounting Software Security Audit/ Review & Advanced Facilities/ Features
54. Digital Signatures & e-filing (Income Tax/ MCA21)
55. Understanding ERP
56. ERP Implementation/ Testing/ Maintenance
57. Information Technology Act
58. Emerging IT Challenges & Opportunities
59. Emerging Opportunities in BPO/ KPO Sunrise Sectors
60. IT Best Practices – A Review
61. Computer Assisted Performance Evaluation
62. Management Information Systems (MIS)
63. Technology Management
64. Information Systems- Security and Control
65. Internal Audit – Coping with Emerging IT Risks
66. ERP challenges and solutions
3
67. Business continuity
68. Email controls
DIRECT TAXES
69. Audit under Income Tax Act including Tax Audit – Preparation, Presentation
and Documentation
70. Depreciation: Accounting, Taxation and Company Law issues
71. Accounting vis-à-vis Taxation
72. Payments to the Non-residents – TDS implications under Section 195 of the
Income-tax Act, 1961.
73. Recent judgement/judgements on Direct Taxes Laws
74. Taxation of Non-residents – Recent Developments
75. Stay, Tax Recovery and other related provisions under the Income-tax Act,
1961.
76. Corporate Taxation
77. Survey, Search and Seizure – Current Developments
78. Minimum Alternate Tax and allied issues
79. Assessment and re-assessment procedures
80. Preparation & presentation of Appeals before the CIT (Appeals) and ITAT
81. Section 69B v. Section 50C of the Income-tax Act
82. TDS/TCS compliances
83. ITR and e-filing of Income-tax Returns – Practical issues (TDS can also be
included)
84. Special provisions for taxation of co-operative/others banks
85. Capital v. Revenue expenditure
86. Taxation of NPO’s – Concept of Mutuality (including, charitable and
institutional institutions)
87. Taxation aspects of trading in Currency Derivatives
88. Deemed dividend –Section 2(22)(e)
89. Impact of IFRS adoption on taxation
90. Direct Taxes Code
91. Interest, penalty and prosecution
92. Settlement Commission
93. Tax issues relating to business structuring
94. Tax issues in heritance and family settlement
95. Tax Holidays
96. Deductions and exemptions under the Income-tax Act, 1961
97. Taxation of HUF
98. Notices and Summons
99. Taxation of Partnership & LLP
100. Principles of Interpretation of tax Statutes/laws
101. Wealth Tax
102. Issues in Capital Gains
103. Merger and demerger
104. Section 14A
105. Deemed income (section 56 and 50C)
4
INDIRECT TAXES
106. Emerging Issues in Indirect Taxation
107. Service Tax – Law and Practice – Basic level
108. Value Added Tax (VAT) – Including State Level VAT
109. Export Import Trade / Customs Valuation Law – Rules & Compliances
110. Reforms of Indian Tax System in the context of GST
111. GST – Principles and Practices
112. Refund of Service Tax for Exporters of Goods and Taxation Aspects of Film
Producer
113. Valuation of Taxable Service Under Works Contract Composition Scheme –
Effect of Amendments
114. Preparing for Goods & Service Tax
115. Business Auxiliary vs. Support Services – Similarities and Differences
International Taxation
116. Service tax – Law and practice – Advanced level
117. Recent Judgements in Indirect Tax Laws
118. Issues in Import of Services: Service tax liability on transfer pricing
adjustments
119. Service Taxation of Real Estate Sector
120. Indirect taxes issues arising from convergence of Indian AS with IFRS
121. CENVAT credit of service tax: Issues and Challenges
122. Selective vs. Comprehensive coverage of services
123. Offences and penalties in service tax
124. Service Tax Appeal Proceedings including Mock Tribunal
125. Service Tax Audit: A management tool to monitor Service Tax Cost and
Compliance
126. Indirect taxes issues arising out of the Finance Bill, 2012
127. Customs & Foreign Trade Policy
128. Central Excise as applicable to Manufacturers
129. Works contract – Impact of Customs, Central Excise, VAT and Service Tax
130. Lease transaction – VAT & Service Tax issues
131. VAT Audit under respective State VAT Laws
132. Point of Taxation Rules
INTERNATIONAL TAXATION
133. Introduction to International Taxation
134. Issues in International Taxation (including NRI Taxation, DTAA, Transfer
Pricing & Taxation in Foreign Countries)
135. Foreign Payments – TDS u/s 195 of the Income Tax Act, 1961.
136. Taxation o f Non-Resident Indians – Recent Developments
137. Transfer Pricing
138. Tax Havens
139. Payments to the Non-residents – TDS implications under section 195 of the
Income-tax Act, 1961.
140. FEMA – Rules & Regulations, Inbound & Outbound Investments
141. Cross Border Mergers & Acquisitions
142. Taxation of e-commerce
143. Foreign Collaborations – Including Taxation of Foreign Collaborations
5
144. Taxation of Permanent Establishments
145. Latest OECD Model and U.N. Model
146. Foreign Direct Investment (FDI)
BUSINESS MANAGEMENT
147. Conflict Management
148. Consumer and Organizational Buying Behavior
149. Contract Management – Practical Issues
150. Competitiveness: Concepts and Challenges
151. Commercial Due Diligence
152. Credit Analysis and Credit Management
153. Evaluation of Supplier Strategy: Valuation Framework
154. Management of Change
155. Managing Creativity
156. Managing Employee Redundancy
157. Implementing ABC in Manufacturing Environment
158. Industrial Relations
159. Value Based Management
160. Total Quality Management
161. Strategic Decision - Making
162. Sustainability Development
163. Motivation Techniques
164. Narrative Reporting
165. Knowledge Management
166. Operations Planning and Control
167. Just-in-time approach (JIT)
168. Performance Management
169. Effective Time Management
170. Quality Audits
171. Value Added Business Controls - The Right Way to Manage Risk
172. Management Audit
173. Decision Making Under Conditions of Risk and Uncertainty
174. Cost Reduction and Cost Control
175. Cost reduction techniques in Resource Mobilization
176. Business Ethics
177. Principles and Topics in Corporate Communications
178. Business Presentations and Audience Analysis
179. Business Sustainability
CORPORATE LAWS
180. Revised Schedule - VI
181. E-forms under MCA - 21
182. Arbitration Act, 1996
183. Valuation Techniques
184. Mergers and Amalgamations
185. Companies (Auditors' Report) Order (CARO)
186. Auditors’ Report under the Companies Act – Issues on CARO,
Documentation, Reporting and Disclosure Requirements
187. NCLT Law and Practice
6
188. MCA-21 – Challenges & Opportunities for the Profession
189. Limited Liability Partnership Act 2008
190. EXIM Policy and Procedures
191. Micro, Small and Medium Enterprises Development Act, 2006
192. Competition Act and Merger and Acquisition
193. Independent Directors – Liable for Crimes by Companies
194. Limited Liability Partnership Act
CODE OF CONDUCT
195. Code of Ethics: Contemporary issues
FINANCE AND CAPITAL MARKET
196. Derivatives: Futures and Options
197. Derivatives – Accounting and Taxation
198. OTC Derivatives – A Legal Perspective
199. Sources of Raising Funds
200. Recent Trends in Finance and Capital Market
201. International Finance
202. Role of International Funding Institutes
203. Foreign Direct Investment (FDI) Rules
204. Project Report and Appraisal
205. Project Financing
206. FOREX Management
207. Listing Agreement
208. The Sub-Prime Mortgage Crises: Impact on Asia
209. Electronic Payments and e-Banking in India: An Overview
210. Valuation Practices in emerging Markets: Issues involved in Various Areas
211. Leveraging Activity-Based Costing to Enhance Enterprise Value
212. Currency Futures, An Insight
CORPORATE GOVERNANCE
213. Audit Committee Charter
214. Audit Committee and Independent Directors
215. COSO, COBIT & Enterprise Resource Planning (ERP)
216. Whistle Blower Policy – Framework
217. Enterprise Governance
218. Sustainable Development and Global Reporting Index (GRI)
219. Role of CAs in Corporate Governance
220. Corporate Governance Rating
221. Corporate Governance Audit
222. Global Warming/Climate Change
223. Corporate Social Responsibility (CSR)
224. Carbon Credit
225. Improve Board Effectiveness through Good Governance
226. Impact of Corporate Governance in Global Development
227. Green Business Practices
228. Triple Bottom Line Profit, People and Planet
7
229. Triple Bottom Line Economic, Environment & Social
INSURANCE AND RISK MANAGEMENT
230. Insurance Survey and Loss Assessment
231. Developments in Pension Fund
232. Anti Money Laundering in Insurance Sector
233. Risk Management
234. Valuation of Insurance Companies
235. Third Party Insurance
236. AS-15 and Actuarial Sciences
237. Product Pricing
PUBLIC FINANCE
238. Fiscal Policy and Economic Growth
239. Public Finance and Public Policy : Responsibilities and Limitations of
Government
240. Public Debt and Economic Planning in India
241. Managing Public Fund – Critical Issues & Implications
242. The politics of Public Budgeting : Getting and spending – borrowing &
balancing
243. Fiscal Prudence and Challenges : A review of Centre and State Linkage
244. Effects of Public Expenditure
245. Railway Finance
246. Taxation Accountability and Realization
247. Public Sector Undertakings in India – A Paradigm Shift
248. Tax Governance – A middle income class agency
249. Economic resurgence of State in India : Capacity and Consent
250. Government Accounting & its Standards
251. Restructuring Of Chart of Accounts in Accrual System
252. Gap analysis of Indian Government Accounting with International Standards
253. Human Resource and Change Management in implementing Accrual
Accounting System
254. Issues & Country practices in accounting for assets, liabilities & nonexchange
transactions
255. Accounting Policies, disclosures and other implementation issues.
256. Issues & country practices in accounting for assets, liabilities & nonexchange
transactions
257. Accounting for Intangible Assets
258. Issues in Government Accounting on Contingent Liabilities
259. Recognition of assets, liabilities, revenue and expenses.
260. Issues in Government Accounting on exchange transactions and Inventories
261. Roadmap for transaction to accrual accounting
262. Preparation of financial statements in accrual accounting system.
263. Audit in the changed environment of accrual accounting
264. Economic reforms and role of Financial management
265. Financial Reporting System in State Governments
266. Public Audit and Good Governance
267. Internal audit –the key to management control
8
268. Study on Off –Balance sheet items
269. Administrative reforms for good governance
270. Audit in the changed environment of accrual accounting
271. Role of Chartered Accountants in Government Sector/Government
Machinery.
272. International Government Accounting Standards
SOFT SKILLS
273. Personality Development
274. Customer Relationship Management
275. Effective representation before Income Tax Authorities
276. Stress Management
277. Presentation and Communication Skills
278. Interpersonal Skills
279. Listening and Reading Skills
280. Personal Finance
281. Economic Slowdown & Financial Crisis
282. Art of Public Speaking
283. Balancing Personal Life with Professional Life
284. Self Development Skills
285. Spirituality and Environment Protection
OTHERS
286. Consultancy and Advisory Services
287. Business Advisory Services
288. Right to Information Act
289. Six Sigma
290. Fraud Investigation, Reporting and Prevention
291. Jurisprudence, Interpretation of Law and Evidences Act
292. Money Laundering Risk and Management – including Prevention
293. CA Amendment Act, 2006
294. Merger, Demerger & Networking of CA Firms and Capacity Building
Formation of Management Consultancy Services Companies and LLPs,
Partnership deed and LLP agreement.
295. Art of Drafting Conveyance Deeds
296. Stamp Act
297. Controversy on Taxation of Bandwidth Charges – Solution Goes Begging
298. Time Management for Working People.
299. Audit of NBFCs with Special reference to RBI Directions
OPTIONAL TOPICS
ACCOUNTING AND AUDITING
300. Audit of Members of Stock Exchanges and other Capital Market
intermediaries
301. Certification under Export and Import Procedures – Role of Chartered
Accountants
9
302. Accounting, Review and Compliance Audit of Cooperative Societies and
other Government Bodies
303. Accounting Standards for SMEs and Role of Chartered Accountants
304. Accounting and Auditing Issues relating to Charitable Trusts
305. Accounting and Auditing Standards for NGO Sector
306. Audit of Educational Institutions
307. Audit Reports in Public Sector
308. Audit under Sales Tax Laws
309. Bank Audit (Central Statutory Audit and Branch Audit)
310. Insurance Audit
311. Management and Internal Audit
312. Performance Auditing in the Public Sector
313. Stock and Receivables Audit
314. General Ledger processing
315. Bank Reconciliation
316. Production and Service Costing
317. Internal Audit Charter
318. Professional Opportunities in Internal Audit
319. Internal Auditor – Holding on to the Ethics
320. Industry Specific Issues in Internal Audit
321. Risk Based Internal Audit in Banks
322. Basel II and the Internal Audit
323. Activity Based Costing
CORPORATE LAWS
324. Information Technology Act & Cyber Frauds
325. Investor Protection & Minority Interest
326. Asset Reconstruction Companies
327. Mutual Funds – Constitution, Running and Compliances
328. Sarbans Oxley Act, 2002 & Clause 49 of the Listing Agreement
329. Companies Bill, 2008
330. Restructuring & Liquidation
331. Related Party Transactions – Procedures, Compliances and Corporate Best
Practices
332. Classification & Registration of Companies
333. Management & Board Governance
334. Exchangeable Bonds
335. Foreign Trade Policy
336. Foreign Direct Investment (FDI) - Policy & Prospective
337. Due Diligence Exercises
338. Private Equity – Scope and Methodology
339. Initial Public Offer (IPO) - Law and Procedures
340. Foreign Contribution (Regulation) Act
341. Mergers and Acquisitions - corporate law and procedure
342. Mergers and Acquisitions - Strategic issues (Management issues and role of
CAs as Advisor)
343. Cross Border Mergers & Acquisitions
344. Valuation of Shares
345. Valuation of Business
10
346. Winding Up of Companies
347. How to undertake Capital Restructuring
348. Shareholder’s Agreement
349. How to draft Articles of Association
350. Joint Venture Agreements
351. Takeover of Companies/Shares
352. Estate Planning
353. Succession Planning
354. Corporate Succession Planning
355. Corporate Affairs Best Practices
356. Concept of Special Purpose Vehicles
357. Role of Escrow Accounts in Business Agreements
358. Drafting of Business Agreements
359. Drafting of Will - Legal Issues
360. Impact of Hindu Succession Act on Corporate Succession
361. Latest Amendments in Indian Succession Act
362. An in-depth overview of Labour Law compliances
363. Provident Fund Act – An overview
364. E.S.I. – Law, advantages to employees, compliances by employers
365. Bonus Act - Responsibilities of Employers - Role of Auditors/CAs in
Certification of Available Surplus/Allocable Surplus
366. SARFAESI Act - Law, Case Laws and Current Issues
367. Concept of Participatory Notes
368. Concept of Reverse Mortgage
369. Benefits of incorporating Corporate Structures outside India – Country
Specific
370. Competition Law and Policy
371. FEMA – Rules & Regulations, Inbound & Outbound investments
372. Capital Markets – SEBI Regulations & IPO Issues
373. Practical Arbitrator – An Overview
374. Maxim of Interpretation
375. Social Security for Unorganised Sector – New Pension Scheme
376. Reverse Mortgage: A Walking Stick at Old Age
377. Changing Spectrum of the Social Security Law in India
FINANCIAL MANAGEMENT
378. Assessing Risk in Public Sector
379. Asset Liability Management
380. Credit Risk Management in Banks
381. New Investment Strategies
382. Reserve Bank of India Guidelines on External Commercial Borrowings and
Investment Abroad
383. Developments in Indian Capital Markets: Primary Markets and Secondary
Markets
384. Financial Restructuring / Re-engineering and Financial Reporting
385. Restructuring of NPA Account
386. Valuation of Enterprise – Methods used and its relative Importance
387. Commodity Market
388. Technical Analysis of Share Market
11
389. Business Planning
390. Internal Audit and Business Continuity Planning
391. Corporate Restructuring
392. Value for Money Audit – Is it different from Internal Audit?
393. Internal Audit and Disaster Recovery Planning Future Trend and Challenges
in Indian Banking – A Fresh Look
394. Open Offer: What and How
TAXATION
395. Tax Planning
396. Penalties under Direct Tax Laws
397. Law and Practice of Appellate proceedings
398. Representing a Case Before Appellate Authorities under Income Tax – with
Mock Tribunals
399. Union Budget (Not Public Meetings)
400. Annual Budget Setting and Forecasting
401. Industrial Park Scheme, 2008
402. Indian Federal Finance
403. Taxation of real estate transactions
404. Taxation of Charitable Trusts
405. Taxation of HUF and Family arrangements
406. Money Laundering and Taxation
407. Direct Taxes issues arising in the following Industries:
- Media and Entertainment
- Hospitality
- Banking and Financial Services
- Retail
- Software
WORLD TRADE ORGANISATION
408. Foreign Trade Policy
409. Special Economic Zones
410. Emerging Professional Opportunities in the WTO Regime
411. Anti-subsidy and Anti Dumping – Law and practice
412. General Agreement on Trade in Services (GATS) – Issues for Accounting
Profession
413. International Trade Laws
414. Issues relating to TRIMS
415. Trade Related Aspects of Intellectual Property Rights – Role of Chartered
Accountants
416. International Commercial Arbitration
417. Trade Remedies
418. 100% Export Oriented Units (EOU)
12
419. Export of Services
420. Cross Border Mergers & Acquisitions
421. Business Process Outsourcing
422. Knowledge Process Outsourcing
423. Intellectual Property Rights
424. Intellectual Property Valuations
425. Competition Law
426. Free Trade Agreements / Regional Trade Agreements / Preferential Trade
Agreements
427. Foreign Direct Investment (FDI)
428. Destination India
429. Carbon Trading
INSURANCE AND RISK MANAGEMENT
430. Detection and Prevention of Insurance Fraud
431. Audit of Entities involved in Life Insurance Business
432. Audit of Entities involved in General Insurance Business
433. Insurance Broking
434. Agricultural Insurance
435. Risk Management - Its Essentials and Process
436. Financial Risk Management
437. Accounting Issues for Entities involved in Life Insurance Business
438. Accounting Issues for Entities involved in General Insurance Business
439. Reinsurance Market, Special Areas of Reinsurance
440. Inward Reinsurance
441. Reinsurance Practice
442. Reinsurance Administration
443. Urban Insurance Issues
444. BPO and Life Insurance Business
445. BPO and General Insurance Business
446. Information Technology and Life Insurance Business
447. Information Technology and General Insurance Business
448. Engineering Insurance
449. Management Audit of Insurance Companies – Life Insurance
450. Management Audit of Insurance Companies – General Insurance
451. Total Quality Management (TQM) in Life Insurance Industry
452. Total Quality Management (TQM) in General Insurance Industry
453. Issues and Perspectives on Bank Assurance [covering basics, accounting,
auditing and other compliance issues]
454. Insurance Arbitration
455. Third Party Claims Management
456. Enterprise Risk Management (including maintenance of risk management
systems and processes)
457. Terrorism Risk Insurance
458. Asset Liability Management in Life Insurance Business
459. Asset Liability Management in General Insurance Business
460. Exchange Control & Taxation in General Insurance Business
461. Exchange Control & Taxation in Life Insurance Business
13
OTHERS
462. Arbitration and Alternative Dispute Resolution
463. Issues and Cases relating to Unjustified Removal of Auditors and
Independence of Auditors
464. Application of Code of Ethics in Disciplinary Administration
465. LLP s and Multi-disciplinary partnerships
466. Corporate Governance and Code of Ethics
467. Insolvency Laws: Role of Chartered Accountants
468. ISO Certification
469. Risk Management and Loss Assessment
470. Supply Chain Management
471. Material requirement Planning (MRP-I & MRP-II)
472. Works Contract - Tax Implications
473. CA: Adding Value to Economic Growth
474. Right to Information Act
475. Limited Liability Partnership
476. Workers Compensation
477. Introduction to Energy Insurance
478. Actuarial Reports in Compliance with IAS19 – Issues
479. Regulatory framework for Retirement Benefits – Current Issues in India
480. Actuarial Reports under AS 15 (Revised, 2005)
481. Recent International Developments in Employee Benefits; Accounting,
Auditing and Taxation Issues
482. Software Technology Parks (STP), Electronic Hardware Technology Parks
(EHTP)
483. Advisory and related services to State and Central Government
484. Academic / Research Opportunities
485. Treasury and Cash Management
486. Cash Flow Forecasting
487. Preparation of operational and Capital Expenditure Budgets
488. Capital Gains – Including Tax Planning for Capital Gains
489. Depository System / Dematerialization
490. Strategic Management of Venture Capital
491. Corporate Debt Market
492. Evolving Role of Chief Financial Officer (CFO)
493. Carbon Credit
494. Strategic Planning
495. Environmental Accounting
496. Recovery Management of NPAs
497. Regulatory Developments in Countries Abroad
498. Urban Planning and Environment
499. World Economic Development and Investment Planning
500. Foreign Reserves
501. Value Analysis
502. Role of Chartered Accountants in Banking Sector
503. How to Move to Next Orbit of Professional Practice
504. Financial Modeling: An Opportunity for CAs
505. Regional Trade Agreements: Road Ahead for Agricultural Sector
14
506. The Global Demand for Enterprise Risk Managers and the Emergence of
the Risk Intelligent Entity.
CPE Topics for financial year has been announced.
CPE credit is for calendar year.
Accounting and auditing is combined while even in the
vision 2030 it is separate.
Business Advisory Solutions -new area mentioned in Vision 2030
is not covered.
Against the planned calendar of topics, actual topics
covered at regional councils and branches
is not available for any year in the past also.
in the annual report or separately.
Members can improve their knowledge and skills
against the Universe of knowledge updation
outlined in the attachment.
Best Wishes
Ramachandran M
CPE CALENDAR 2012-13
OBLIGATORY TOPICS
ACCOUNTING AND AUDITING
1. Accounting Standards issued by ICAI
2. Ind (ASs)
3. Audit, Assurance and Quality Standards issued by ICAI
4. Implementing the Accounting Standards in various Sectors/Industries
(Banking Sector, Real Estate Sector, Insurance Industry etc.): Technical &
Managerial Issues
5. Implementation issues in Auditing Standards, Expectations, and compliance
requirements in general in various sectors/Industries (Banking Sector, Real
Estate Sector, Insurance Industry etc.)
6. Pronouncements and other documents of ICAI on Accounting and Auditing
7. Accounting Standards with Sector-wise / Industry-wise practical
presentations
8. US & UK GAAPs
9. Internal Audit Standards
10. Peer Review – Systems, Procedure and Documentation for Practice Units
11. Technical Standards under Quality Review
12. Sarbanes Oxley Act
13. Implications of Sarbanes Oxley Act on the Internal Audit
14. Accounting of the Urban Local Bodies
15. Accounting of Co-operative Societies
16. Audit of Small Entities
17. Forensic Accounting and Audit
18. Internal Audit - including Risk Based Internal Audit
19. Internal Audit and Fraud Risk
20. Internal Control – including Risk Based Perspective
21. Providing Assurance on Internal Controls
22. Service Tax Audit
23. VAT Audit
24. Issues related to Non-corporate Enterprises and their Auditors
25. Clause 49 & Role of Internal Audit
26. Compliance Aspects of Accounting Standards and other Reporting and
Disclosure Requirements
27. Compliance Aspects of Generally Accepted Accounting Principles in the
Preparation and Presentation of Financial Statements
28. Compliance aspects of Standards on Auditing and other mandatory
guidelines issued by ICAI
29. Relationship of Internal Auditor with those charged with Governance
30. Professional Code of Conduct and Business Ethics
31. Sustainability Reporting India’s Journey towards Accrual Accounting in
Government
32. Accrual Accounting in Government – its Practical Sides
33. Accounting for Intangible assets and Depreciation in India
34. Recognition of Cost and Revenue of Computer Software
2
35. Intellectual Capital Reporting – An Overview
36. Forensic Accounting: Process and Scope
37. Fraud Investigation – An Overview
38. Intangible assets – An advent to Internal Audit
39. Environment Audit
COST & FINANCIAL MANAGEMENT
40. Balanced Scorecard
41. Business Process Improvements
42. Capital Budgeting under Globalised Business Environment
43. Financial Forecasting
44. Cost Management
45. Financial Due-Diligence
46. Financial Instruments
47. Financial Modeling
48. Issues in Cross Border Investments
49. Corporate Financial Reporting
50. Restatements of Financial Statements under US GAAP and IAS
INFORMATION TECHNOLOGY
Workshop on:
- IS Audit of Banks/ Banking Application
- Using CAAT’s/ General Audit Software
- IS Audit of Stock Broker CTCL Facility
- MS-Excel - Tool for Audit
- Network Security Audit/ Review
- Windows XP Security Review
- Windows 2000/ 2003/2007 Security Review
- MS-Excel – Tool for Financial Analysis/ Reporting
- MS-Excel for Financial Management
- Advanced Features & Facilities of MS-Excel
- Data Extraction/ Analysis for Accounting/ Financial Requirements
- Reporting/ Documentation Using MS-Word
- IS Audit/ Review of Core Banking Applications (CBA)
- Information System Audit
51. XBRL eXtensible Business Reporting Language
52. Certification of Internal Controls – Clause 49/ Sarbanes Oxley Act
53. Accounting Software Security Audit/ Review & Advanced Facilities/ Features
54. Digital Signatures & e-filing (Income Tax/ MCA21)
55. Understanding ERP
56. ERP Implementation/ Testing/ Maintenance
57. Information Technology Act
58. Emerging IT Challenges & Opportunities
59. Emerging Opportunities in BPO/ KPO Sunrise Sectors
60. IT Best Practices – A Review
61. Computer Assisted Performance Evaluation
62. Management Information Systems (MIS)
63. Technology Management
64. Information Systems- Security and Control
65. Internal Audit – Coping with Emerging IT Risks
66. ERP challenges and solutions
3
67. Business continuity
68. Email controls
DIRECT TAXES
69. Audit under Income Tax Act including Tax Audit – Preparation, Presentation
and Documentation
70. Depreciation: Accounting, Taxation and Company Law issues
71. Accounting vis-à-vis Taxation
72. Payments to the Non-residents – TDS implications under Section 195 of the
Income-tax Act, 1961.
73. Recent judgement/judgements on Direct Taxes Laws
74. Taxation of Non-residents – Recent Developments
75. Stay, Tax Recovery and other related provisions under the Income-tax Act,
1961.
76. Corporate Taxation
77. Survey, Search and Seizure – Current Developments
78. Minimum Alternate Tax and allied issues
79. Assessment and re-assessment procedures
80. Preparation & presentation of Appeals before the CIT (Appeals) and ITAT
81. Section 69B v. Section 50C of the Income-tax Act
82. TDS/TCS compliances
83. ITR and e-filing of Income-tax Returns – Practical issues (TDS can also be
included)
84. Special provisions for taxation of co-operative/others banks
85. Capital v. Revenue expenditure
86. Taxation of NPO’s – Concept of Mutuality (including, charitable and
institutional institutions)
87. Taxation aspects of trading in Currency Derivatives
88. Deemed dividend –Section 2(22)(e)
89. Impact of IFRS adoption on taxation
90. Direct Taxes Code
91. Interest, penalty and prosecution
92. Settlement Commission
93. Tax issues relating to business structuring
94. Tax issues in heritance and family settlement
95. Tax Holidays
96. Deductions and exemptions under the Income-tax Act, 1961
97. Taxation of HUF
98. Notices and Summons
99. Taxation of Partnership & LLP
100. Principles of Interpretation of tax Statutes/laws
101. Wealth Tax
102. Issues in Capital Gains
103. Merger and demerger
104. Section 14A
105. Deemed income (section 56 and 50C)
4
INDIRECT TAXES
106. Emerging Issues in Indirect Taxation
107. Service Tax – Law and Practice – Basic level
108. Value Added Tax (VAT) – Including State Level VAT
109. Export Import Trade / Customs Valuation Law – Rules & Compliances
110. Reforms of Indian Tax System in the context of GST
111. GST – Principles and Practices
112. Refund of Service Tax for Exporters of Goods and Taxation Aspects of Film
Producer
113. Valuation of Taxable Service Under Works Contract Composition Scheme –
Effect of Amendments
114. Preparing for Goods & Service Tax
115. Business Auxiliary vs. Support Services – Similarities and Differences
International Taxation
116. Service tax – Law and practice – Advanced level
117. Recent Judgements in Indirect Tax Laws
118. Issues in Import of Services: Service tax liability on transfer pricing
adjustments
119. Service Taxation of Real Estate Sector
120. Indirect taxes issues arising from convergence of Indian AS with IFRS
121. CENVAT credit of service tax: Issues and Challenges
122. Selective vs. Comprehensive coverage of services
123. Offences and penalties in service tax
124. Service Tax Appeal Proceedings including Mock Tribunal
125. Service Tax Audit: A management tool to monitor Service Tax Cost and
Compliance
126. Indirect taxes issues arising out of the Finance Bill, 2012
127. Customs & Foreign Trade Policy
128. Central Excise as applicable to Manufacturers
129. Works contract – Impact of Customs, Central Excise, VAT and Service Tax
130. Lease transaction – VAT & Service Tax issues
131. VAT Audit under respective State VAT Laws
132. Point of Taxation Rules
INTERNATIONAL TAXATION
133. Introduction to International Taxation
134. Issues in International Taxation (including NRI Taxation, DTAA, Transfer
Pricing & Taxation in Foreign Countries)
135. Foreign Payments – TDS u/s 195 of the Income Tax Act, 1961.
136. Taxation o f Non-Resident Indians – Recent Developments
137. Transfer Pricing
138. Tax Havens
139. Payments to the Non-residents – TDS implications under section 195 of the
Income-tax Act, 1961.
140. FEMA – Rules & Regulations, Inbound & Outbound Investments
141. Cross Border Mergers & Acquisitions
142. Taxation of e-commerce
143. Foreign Collaborations – Including Taxation of Foreign Collaborations
5
144. Taxation of Permanent Establishments
145. Latest OECD Model and U.N. Model
146. Foreign Direct Investment (FDI)
BUSINESS MANAGEMENT
147. Conflict Management
148. Consumer and Organizational Buying Behavior
149. Contract Management – Practical Issues
150. Competitiveness: Concepts and Challenges
151. Commercial Due Diligence
152. Credit Analysis and Credit Management
153. Evaluation of Supplier Strategy: Valuation Framework
154. Management of Change
155. Managing Creativity
156. Managing Employee Redundancy
157. Implementing ABC in Manufacturing Environment
158. Industrial Relations
159. Value Based Management
160. Total Quality Management
161. Strategic Decision - Making
162. Sustainability Development
163. Motivation Techniques
164. Narrative Reporting
165. Knowledge Management
166. Operations Planning and Control
167. Just-in-time approach (JIT)
168. Performance Management
169. Effective Time Management
170. Quality Audits
171. Value Added Business Controls - The Right Way to Manage Risk
172. Management Audit
173. Decision Making Under Conditions of Risk and Uncertainty
174. Cost Reduction and Cost Control
175. Cost reduction techniques in Resource Mobilization
176. Business Ethics
177. Principles and Topics in Corporate Communications
178. Business Presentations and Audience Analysis
179. Business Sustainability
CORPORATE LAWS
180. Revised Schedule - VI
181. E-forms under MCA - 21
182. Arbitration Act, 1996
183. Valuation Techniques
184. Mergers and Amalgamations
185. Companies (Auditors' Report) Order (CARO)
186. Auditors’ Report under the Companies Act – Issues on CARO,
Documentation, Reporting and Disclosure Requirements
187. NCLT Law and Practice
6
188. MCA-21 – Challenges & Opportunities for the Profession
189. Limited Liability Partnership Act 2008
190. EXIM Policy and Procedures
191. Micro, Small and Medium Enterprises Development Act, 2006
192. Competition Act and Merger and Acquisition
193. Independent Directors – Liable for Crimes by Companies
194. Limited Liability Partnership Act
CODE OF CONDUCT
195. Code of Ethics: Contemporary issues
FINANCE AND CAPITAL MARKET
196. Derivatives: Futures and Options
197. Derivatives – Accounting and Taxation
198. OTC Derivatives – A Legal Perspective
199. Sources of Raising Funds
200. Recent Trends in Finance and Capital Market
201. International Finance
202. Role of International Funding Institutes
203. Foreign Direct Investment (FDI) Rules
204. Project Report and Appraisal
205. Project Financing
206. FOREX Management
207. Listing Agreement
208. The Sub-Prime Mortgage Crises: Impact on Asia
209. Electronic Payments and e-Banking in India: An Overview
210. Valuation Practices in emerging Markets: Issues involved in Various Areas
211. Leveraging Activity-Based Costing to Enhance Enterprise Value
212. Currency Futures, An Insight
CORPORATE GOVERNANCE
213. Audit Committee Charter
214. Audit Committee and Independent Directors
215. COSO, COBIT & Enterprise Resource Planning (ERP)
216. Whistle Blower Policy – Framework
217. Enterprise Governance
218. Sustainable Development and Global Reporting Index (GRI)
219. Role of CAs in Corporate Governance
220. Corporate Governance Rating
221. Corporate Governance Audit
222. Global Warming/Climate Change
223. Corporate Social Responsibility (CSR)
224. Carbon Credit
225. Improve Board Effectiveness through Good Governance
226. Impact of Corporate Governance in Global Development
227. Green Business Practices
228. Triple Bottom Line Profit, People and Planet
7
229. Triple Bottom Line Economic, Environment & Social
INSURANCE AND RISK MANAGEMENT
230. Insurance Survey and Loss Assessment
231. Developments in Pension Fund
232. Anti Money Laundering in Insurance Sector
233. Risk Management
234. Valuation of Insurance Companies
235. Third Party Insurance
236. AS-15 and Actuarial Sciences
237. Product Pricing
PUBLIC FINANCE
238. Fiscal Policy and Economic Growth
239. Public Finance and Public Policy : Responsibilities and Limitations of
Government
240. Public Debt and Economic Planning in India
241. Managing Public Fund – Critical Issues & Implications
242. The politics of Public Budgeting : Getting and spending – borrowing &
balancing
243. Fiscal Prudence and Challenges : A review of Centre and State Linkage
244. Effects of Public Expenditure
245. Railway Finance
246. Taxation Accountability and Realization
247. Public Sector Undertakings in India – A Paradigm Shift
248. Tax Governance – A middle income class agency
249. Economic resurgence of State in India : Capacity and Consent
250. Government Accounting & its Standards
251. Restructuring Of Chart of Accounts in Accrual System
252. Gap analysis of Indian Government Accounting with International Standards
253. Human Resource and Change Management in implementing Accrual
Accounting System
254. Issues & Country practices in accounting for assets, liabilities & nonexchange
transactions
255. Accounting Policies, disclosures and other implementation issues.
256. Issues & country practices in accounting for assets, liabilities & nonexchange
transactions
257. Accounting for Intangible Assets
258. Issues in Government Accounting on Contingent Liabilities
259. Recognition of assets, liabilities, revenue and expenses.
260. Issues in Government Accounting on exchange transactions and Inventories
261. Roadmap for transaction to accrual accounting
262. Preparation of financial statements in accrual accounting system.
263. Audit in the changed environment of accrual accounting
264. Economic reforms and role of Financial management
265. Financial Reporting System in State Governments
266. Public Audit and Good Governance
267. Internal audit –the key to management control
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268. Study on Off –Balance sheet items
269. Administrative reforms for good governance
270. Audit in the changed environment of accrual accounting
271. Role of Chartered Accountants in Government Sector/Government
Machinery.
272. International Government Accounting Standards
SOFT SKILLS
273. Personality Development
274. Customer Relationship Management
275. Effective representation before Income Tax Authorities
276. Stress Management
277. Presentation and Communication Skills
278. Interpersonal Skills
279. Listening and Reading Skills
280. Personal Finance
281. Economic Slowdown & Financial Crisis
282. Art of Public Speaking
283. Balancing Personal Life with Professional Life
284. Self Development Skills
285. Spirituality and Environment Protection
OTHERS
286. Consultancy and Advisory Services
287. Business Advisory Services
288. Right to Information Act
289. Six Sigma
290. Fraud Investigation, Reporting and Prevention
291. Jurisprudence, Interpretation of Law and Evidences Act
292. Money Laundering Risk and Management – including Prevention
293. CA Amendment Act, 2006
294. Merger, Demerger & Networking of CA Firms and Capacity Building
Formation of Management Consultancy Services Companies and LLPs,
Partnership deed and LLP agreement.
295. Art of Drafting Conveyance Deeds
296. Stamp Act
297. Controversy on Taxation of Bandwidth Charges – Solution Goes Begging
298. Time Management for Working People.
299. Audit of NBFCs with Special reference to RBI Directions
OPTIONAL TOPICS
ACCOUNTING AND AUDITING
300. Audit of Members of Stock Exchanges and other Capital Market
intermediaries
301. Certification under Export and Import Procedures – Role of Chartered
Accountants
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302. Accounting, Review and Compliance Audit of Cooperative Societies and
other Government Bodies
303. Accounting Standards for SMEs and Role of Chartered Accountants
304. Accounting and Auditing Issues relating to Charitable Trusts
305. Accounting and Auditing Standards for NGO Sector
306. Audit of Educational Institutions
307. Audit Reports in Public Sector
308. Audit under Sales Tax Laws
309. Bank Audit (Central Statutory Audit and Branch Audit)
310. Insurance Audit
311. Management and Internal Audit
312. Performance Auditing in the Public Sector
313. Stock and Receivables Audit
314. General Ledger processing
315. Bank Reconciliation
316. Production and Service Costing
317. Internal Audit Charter
318. Professional Opportunities in Internal Audit
319. Internal Auditor – Holding on to the Ethics
320. Industry Specific Issues in Internal Audit
321. Risk Based Internal Audit in Banks
322. Basel II and the Internal Audit
323. Activity Based Costing
CORPORATE LAWS
324. Information Technology Act & Cyber Frauds
325. Investor Protection & Minority Interest
326. Asset Reconstruction Companies
327. Mutual Funds – Constitution, Running and Compliances
328. Sarbans Oxley Act, 2002 & Clause 49 of the Listing Agreement
329. Companies Bill, 2008
330. Restructuring & Liquidation
331. Related Party Transactions – Procedures, Compliances and Corporate Best
Practices
332. Classification & Registration of Companies
333. Management & Board Governance
334. Exchangeable Bonds
335. Foreign Trade Policy
336. Foreign Direct Investment (FDI) - Policy & Prospective
337. Due Diligence Exercises
338. Private Equity – Scope and Methodology
339. Initial Public Offer (IPO) - Law and Procedures
340. Foreign Contribution (Regulation) Act
341. Mergers and Acquisitions - corporate law and procedure
342. Mergers and Acquisitions - Strategic issues (Management issues and role of
CAs as Advisor)
343. Cross Border Mergers & Acquisitions
344. Valuation of Shares
345. Valuation of Business
10
346. Winding Up of Companies
347. How to undertake Capital Restructuring
348. Shareholder’s Agreement
349. How to draft Articles of Association
350. Joint Venture Agreements
351. Takeover of Companies/Shares
352. Estate Planning
353. Succession Planning
354. Corporate Succession Planning
355. Corporate Affairs Best Practices
356. Concept of Special Purpose Vehicles
357. Role of Escrow Accounts in Business Agreements
358. Drafting of Business Agreements
359. Drafting of Will - Legal Issues
360. Impact of Hindu Succession Act on Corporate Succession
361. Latest Amendments in Indian Succession Act
362. An in-depth overview of Labour Law compliances
363. Provident Fund Act – An overview
364. E.S.I. – Law, advantages to employees, compliances by employers
365. Bonus Act - Responsibilities of Employers - Role of Auditors/CAs in
Certification of Available Surplus/Allocable Surplus
366. SARFAESI Act - Law, Case Laws and Current Issues
367. Concept of Participatory Notes
368. Concept of Reverse Mortgage
369. Benefits of incorporating Corporate Structures outside India – Country
Specific
370. Competition Law and Policy
371. FEMA – Rules & Regulations, Inbound & Outbound investments
372. Capital Markets – SEBI Regulations & IPO Issues
373. Practical Arbitrator – An Overview
374. Maxim of Interpretation
375. Social Security for Unorganised Sector – New Pension Scheme
376. Reverse Mortgage: A Walking Stick at Old Age
377. Changing Spectrum of the Social Security Law in India
FINANCIAL MANAGEMENT
378. Assessing Risk in Public Sector
379. Asset Liability Management
380. Credit Risk Management in Banks
381. New Investment Strategies
382. Reserve Bank of India Guidelines on External Commercial Borrowings and
Investment Abroad
383. Developments in Indian Capital Markets: Primary Markets and Secondary
Markets
384. Financial Restructuring / Re-engineering and Financial Reporting
385. Restructuring of NPA Account
386. Valuation of Enterprise – Methods used and its relative Importance
387. Commodity Market
388. Technical Analysis of Share Market
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389. Business Planning
390. Internal Audit and Business Continuity Planning
391. Corporate Restructuring
392. Value for Money Audit – Is it different from Internal Audit?
393. Internal Audit and Disaster Recovery Planning Future Trend and Challenges
in Indian Banking – A Fresh Look
394. Open Offer: What and How
TAXATION
395. Tax Planning
396. Penalties under Direct Tax Laws
397. Law and Practice of Appellate proceedings
398. Representing a Case Before Appellate Authorities under Income Tax – with
Mock Tribunals
399. Union Budget (Not Public Meetings)
400. Annual Budget Setting and Forecasting
401. Industrial Park Scheme, 2008
402. Indian Federal Finance
403. Taxation of real estate transactions
404. Taxation of Charitable Trusts
405. Taxation of HUF and Family arrangements
406. Money Laundering and Taxation
407. Direct Taxes issues arising in the following Industries:
- Media and Entertainment
- Hospitality
- Banking and Financial Services
- Retail
- Software
WORLD TRADE ORGANISATION
408. Foreign Trade Policy
409. Special Economic Zones
410. Emerging Professional Opportunities in the WTO Regime
411. Anti-subsidy and Anti Dumping – Law and practice
412. General Agreement on Trade in Services (GATS) – Issues for Accounting
Profession
413. International Trade Laws
414. Issues relating to TRIMS
415. Trade Related Aspects of Intellectual Property Rights – Role of Chartered
Accountants
416. International Commercial Arbitration
417. Trade Remedies
418. 100% Export Oriented Units (EOU)
12
419. Export of Services
420. Cross Border Mergers & Acquisitions
421. Business Process Outsourcing
422. Knowledge Process Outsourcing
423. Intellectual Property Rights
424. Intellectual Property Valuations
425. Competition Law
426. Free Trade Agreements / Regional Trade Agreements / Preferential Trade
Agreements
427. Foreign Direct Investment (FDI)
428. Destination India
429. Carbon Trading
INSURANCE AND RISK MANAGEMENT
430. Detection and Prevention of Insurance Fraud
431. Audit of Entities involved in Life Insurance Business
432. Audit of Entities involved in General Insurance Business
433. Insurance Broking
434. Agricultural Insurance
435. Risk Management - Its Essentials and Process
436. Financial Risk Management
437. Accounting Issues for Entities involved in Life Insurance Business
438. Accounting Issues for Entities involved in General Insurance Business
439. Reinsurance Market, Special Areas of Reinsurance
440. Inward Reinsurance
441. Reinsurance Practice
442. Reinsurance Administration
443. Urban Insurance Issues
444. BPO and Life Insurance Business
445. BPO and General Insurance Business
446. Information Technology and Life Insurance Business
447. Information Technology and General Insurance Business
448. Engineering Insurance
449. Management Audit of Insurance Companies – Life Insurance
450. Management Audit of Insurance Companies – General Insurance
451. Total Quality Management (TQM) in Life Insurance Industry
452. Total Quality Management (TQM) in General Insurance Industry
453. Issues and Perspectives on Bank Assurance [covering basics, accounting,
auditing and other compliance issues]
454. Insurance Arbitration
455. Third Party Claims Management
456. Enterprise Risk Management (including maintenance of risk management
systems and processes)
457. Terrorism Risk Insurance
458. Asset Liability Management in Life Insurance Business
459. Asset Liability Management in General Insurance Business
460. Exchange Control & Taxation in General Insurance Business
461. Exchange Control & Taxation in Life Insurance Business
13
OTHERS
462. Arbitration and Alternative Dispute Resolution
463. Issues and Cases relating to Unjustified Removal of Auditors and
Independence of Auditors
464. Application of Code of Ethics in Disciplinary Administration
465. LLP s and Multi-disciplinary partnerships
466. Corporate Governance and Code of Ethics
467. Insolvency Laws: Role of Chartered Accountants
468. ISO Certification
469. Risk Management and Loss Assessment
470. Supply Chain Management
471. Material requirement Planning (MRP-I & MRP-II)
472. Works Contract - Tax Implications
473. CA: Adding Value to Economic Growth
474. Right to Information Act
475. Limited Liability Partnership
476. Workers Compensation
477. Introduction to Energy Insurance
478. Actuarial Reports in Compliance with IAS19 – Issues
479. Regulatory framework for Retirement Benefits – Current Issues in India
480. Actuarial Reports under AS 15 (Revised, 2005)
481. Recent International Developments in Employee Benefits; Accounting,
Auditing and Taxation Issues
482. Software Technology Parks (STP), Electronic Hardware Technology Parks
(EHTP)
483. Advisory and related services to State and Central Government
484. Academic / Research Opportunities
485. Treasury and Cash Management
486. Cash Flow Forecasting
487. Preparation of operational and Capital Expenditure Budgets
488. Capital Gains – Including Tax Planning for Capital Gains
489. Depository System / Dematerialization
490. Strategic Management of Venture Capital
491. Corporate Debt Market
492. Evolving Role of Chief Financial Officer (CFO)
493. Carbon Credit
494. Strategic Planning
495. Environmental Accounting
496. Recovery Management of NPAs
497. Regulatory Developments in Countries Abroad
498. Urban Planning and Environment
499. World Economic Development and Investment Planning
500. Foreign Reserves
501. Value Analysis
502. Role of Chartered Accountants in Banking Sector
503. How to Move to Next Orbit of Professional Practice
504. Financial Modeling: An Opportunity for CAs
505. Regional Trade Agreements: Road Ahead for Agricultural Sector
14
506. The Global Demand for Enterprise Risk Managers and the Emergence of
the Risk Intelligent Entity.
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