“You control your future, your destiny. What you think about comes about. By recording your dreams and goals on paper, you set in motion the process of becoming the person you most want to be. Put your future in good hands – your own.” – Mark Victor Hansen
I wish all our members a Happy 2023. While there would be many conjectures as to what 2023 will bring for us, I subscribe to the thought that ‘if it is to be, it is up to me’. Which means that instead of passively waiting, it is better to actively take action and do the best you can to make happen.
As the quote above states, ‘record your dreams and goals on paper’. Why is it important to write down your goals? It has to do with how our brains work. When you write things down, you’re activating both parts of your brain, the imaginative right hemisphere, and the logic-based left hemisphere. Many CEOs use this technique to stay on track with their countless responsibilities.
As humans, we process visuals 60,000 times faster than having to imagine things, based on a study by the 3M Company. Writing down your goals means that you can visually see them. This is an important point because when we see something, it affects how we act. You’re more likely to be productive if you can see what you have to do, instead of just thinking about it. So let us start writing what we want to get done professionally and personally in 2023.
Sub Regional Conference
The two-day Sub Regional Conference at Ahmedabad was very well attended considering the gamut of professional topics presented. These ranged from GST@5..Industry Perspective to Tax Technology and from 360 Degree GST In Real Estate to Tax Technology. The Chief Guest for the occasion was CA. (Dr.) Vineet Kothari, Judge (Retd.) of the Gujarat High Court.
International Opportunities for Indian CAs
WIRC is constantly creating opportunities for our members to explore professional avenues overseas. This seminar gave highly pertinent insights into the various sectoral opportunities in the accountancy field as well as a few of the requirements to proceed down this path.
Opportunities for CA in the Banking Industry
The BFSI sector is going from strength to strength in India. Hence, the scope for professional growth and entry into the different sectors therein provide a plethora of prospects for members. This event gave an overview of the correspondent banking business and financial institutions coverage business in banks. Attending members were pleased with the details shared.
National Conference on GST
The National Conference on GST was much anticipated and this was evident by the presence of more than 500 members in attendance. Members were also pleased to witness the release of a new publication on CARO on the occasion of this National Conference.
Investor Awareness Program
The ongoing Investor Awareness program is moving forward at great pace. Education imparted herein has now moved into topics such as ‘Equity and F&O trading - Risk or opportunity’ as well as regulator insights via discussions on ‘Ins and Outs of the SEBI, Takeover Code, Buyback and Delisting Regulations.’
RERA is an ongoing requirement for professionals in our Region. To ensure that our members are up to date to continue providing excellent services to clients this event covered topics including ‘Challenges for Project Registration, Application for change FSI & Extension for timeline and deviation Report for AFS & Allotment letter - MAHA RERA.’ Members were gratified with the knowledge base covered at this event.
As GST completes 5 years, members have become more well versed with it. However, as you go deeper into the subject questions are frequently raised and to answer a few of them as well as apprise members as to gaining expertise in them, this event covered topics like ‘How to handle litigations and Audit under GST - Some practical tips & Intricacies and legal issues "Input Tax Credit" under GST.’
Workshop on Audit Quality Maturity Model - AQMM
Audit Quality Maturity Model or AQMM as it is popularly known in the profession is gaining importance year on year. To ensure members’ clarity on its different facets, a workshop was conducted on the same. The event ensured that members were taken step by step from ‘Introduction of AQMM and its purpose to applicability, number of levels in AQMM, Categorization of AQMM into 3 Sections and the importance of each section.
“We Care” Alumni program
In recognition of long service to the profession and significant contribution made to the CA profession and the ICAI, we, at WIRC, decided to felicitate all the senior members who have completed 60 years of age. WIRC’s ‘We Care’ Alumni program took the felicitation one step further by organizing a Health Check-up camp for the Alumni.
Inter Branch Cricket Tournament 2022
Organised at the historic ‘Oval Maidan’ in Mumbai, the Inter Branch Cricket Tournament 2022 saw enthusiastic participation by the various Branches of the WIRC of ICAI. The sporting spirit of the members of our Branches is testimony to the fraternal bonds shared and encouraged by all WIRC members.
Annual Indoor Sports 2022
One of the sporting highlights of the year – the WIRC Annual Indoor Sports 2022 – for all members saw excellent participation by men and women members. Members participated in various sports such as Badminton, Table Tennis, Carrom and Chess thus creating a holistic mix of physical and mental sports.
Keeping the up with personal interactions, Office Bearers of WIRC visited Branches across the Region including Aurangabad, Nagpur, Dhule, Nashik, Surat, Bharuch, Navsari & Vapi Branches of WIRC.
2023 is upon us and as we prepare for a new set of 365 days, let us promise ourselves to have the courage, passion, strength motivation and inspiration to reach our goals in the new year.
Once again, I wish all members and students a Happy New Year 2023.
CA. Murtuza Kachwala