Western India Regional Council of
The Institute of Chartered Accountants Of India

Chairman's Communication

Chairman WIRC

Respected Members,
“The most important thing is to enjoy your life and be happy – it’s all that matters” – Audrey Hepburn.

This simple, yet deep thought very well sums up the special times of being with our beloved families. Diwali, the festival of lights and togetherness, was a very welcome rejuvenation for all of us.

The month of October saw a series of well curated and conceptualised programmes for members and students. As always, our team of hardworking Regional Council Members, Branch and Study Circle Leaders and Co-ordinators were in the forefront to support this vision while also providing invaluable inputs at every level.

Our regulators have, as usual, reposed their confidence in us. An in-depth IT training programme for the GST officials coupled with an interactive meet with Shri Suresh Kishnani, Commissioner of CGST and Shri Shyam Raj Prasad, Commissioner of GST, was hosted by us. This was attended by a galaxy of many senior GST Officers for better understanding the IT-centric system of Auditing. An interactive session was hosted on "Taxation of Derivatives" for officers of the Income Tax Department, and similarly we also hosted the officials from C&AG for their training session at our premises.

A workshop on mock ITAT session was organised and hosted by us. This workshop saw Hon’ble ITAT Members CA B. R. Bhaskaran, AM, and Shri Saktijit Dey, JM, preside as Judges who observed and lent their gracious judgment on the proceedings. This educational session was well appreciated by all in attendance.

Some interesting seminars on Capital Markets and Mergers & Acquisitions were very well attended and received positive reviews of members. The common agenda was how to explore professional opportunities.

The seminar on the very promising and challenging field of Fraud & Forensic Accounting gave insights into this unique form of accounting along with novel methods of investigation with case studies. Members, especially the young members, found this Seminar interesting as it opens new opportunities in this field.

I am proud to state that our robust network of WIRC Committees and Study Groups are continuously making a lot of efforts in conceptualising new ideas and converting them into actions for the benefit of Members, in Practice and Industry.

We organised meetings of these committees in October to review the progress of our projects and mutually discuss various new avenues that can be explored. Representations of members from across the Western Region and members in all sectors graciously invested their time and attended these meetings. I have already materialised many ideas and suggestions by Committee members.

Our Branch Co-ordination meeting had the hardworking leaders of branches of the region in attendance and it was heartening to see them sharing ideas for the common good. Our students are our future, we have and will always provide every possible infrastructure for their grooming and development. We are proud to state that we have organised the IPCC and Final Crash Courses for CA Students at a very nominal fee of Rs. 100/- per subject. A large number of our students have enrolled for the same and I am sure that they will reap the benefits of this initiative in times to come. I wish to express my compliments to CA Balkishan Agarwal, Chairman, WICASA, for his untiring efforts in this endeavour.

In these challenging times, we should remember that by fulfilling our duties to society and supporting the Government in nation building, our professional contribution will have a positive impact in the near future.

With Warm Regards,
CA. Vishnu Agarwal
Chairman

 

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