Chairman Communique November 2021

Dear Professional Colleagues,

Wishing you all a very Happy Deepavali!

May the festival of lights bring us all happiness, prosperity, and all round development. May this Dhanteras bring a bright future for all of us, and may our country see its growth in the double digits and create prosperity all around. Wish you and your family a very a very happy and prosperous Deepavali!

Job Oriented Training Program in RC College Final Semester B.Com Students 

As a part of its commitment to social responsibility, your Branch was conducted job oriented training to 80 final semester B.Com students of R C College of Commerce and Management, Bengaluru. The trainers were Chartered Accountants, the training was in the area of Accounting, GST, Income Tax, TDS, Tally Accounting and Soft Skills. After the completion of the training program, Campus Placements were organised on 20th, October 2021, which saw participation from eleven companies. The Branch is elated to report that of the 62 students that participated in the recruitment drive, 43 of them were placed on day one.

On the occasion of Gandhi Jayanti and Platinum Jubilee Celebrations of SIRC of ICAI, Bengaluru Branch conducted a blood donation camp, where more than 40 units of blood were donated by members and students. 

October & November Month Programs – at a Glance

In the month of October, the Branch had conducted a variety of workshops and knowledge sharing sessions on up and coming areas of practice. A four-day Conference  on Company Law & Corporate Governance under the aegis of Company Law & Corporate Governance Committee of ICAI was conducted from 21st to 24th October 2021. The program was well attended and was greatly appreciated by the conference attendees.   

The Respected Registrar of Companies (ROC), Bangalore Shri. C. V. Sajeevan had called for an interactive meeting with the Office bearers and Professionals of ICAI, ICSI, ICMA and KSCAA on 8th October 2021. The summary of the interactive meeting compiled by CA Gururaj Acharya is part of this newsletter. 

There are a host of engaging programs and sessions planned for the month of November. A two-day hybrid mode conference on NGO/NPO is planned under the aegis of Professional Development Committee of ICAI on 26th & 27th November 2021. Kindly do visit www.bangaloreicai.org for more details and to register and participate for the same. 

Additionally, the Regional Conference of SIRC is scheduled on 19th and 20th November 2021 at Le Meridien, Coimbatore. The Conference will be conducted for both offline and online mode. Interested members may visit the SIRC Website and register for the conference.

The Branch is conducting a three hours awareness program on Audit Quality Maturity Model (AQMM) on 9th November 2021 from 4PM to 7PM. As audits form a core part of our practices and we hold a monopoly over the practice, it is pertinent that we stay updated on all developments in the field. Furthermore, our branch is conducting a series of programs on Standards on Auditing and Accounting Standards (AS) on a regular basis. It is our request to members to participate in large numbers to stay on top of the field.

Bengaluru Branch is conducting a 100-hour SAP FICO hands-on training program in Computer Labs starting from 8th November 2021 to 13 December 2021. Registration is open for Members, Students and General public on a first come-first serve basis. The Branch is charging a nominal fees of Rs. 20,000/- including GST. There is a good demand in the market for SAP Trained Accountants. It is our request to members to please spread this message to your students and colleagues. 

SICASA Programs

In addition to the SICASA Speakers Forum meeting held every Sunday, SICASA had organised the CA Students Talent Search 2021 for the Best Presenter (PPT.) and a Debate Competition on 24th of October 2021. The winners of the Branch-level competition will go on to represent the Bengaluru Branch in SIRC-level Competition. 

Team SICASA is planning Industrial visit in the month of November 2021. I hereby request members encourage your articles to participate in Industrial Visit. 

Chartered Accountants Benevolent Fund (CABF)

Chartered Accountants Benevolent Fund (CABF) is an important fund for our fraternity who find themselves in situations of distress.  We have created a link in the Branch website (www.bangaloreicai.org) where you may make your donations to the fund. Individual receipts will be issued against the donations made along with the benefit of exemptions by way of S.80G of the Income Tax Act, 1961. 

Thank you, stay safe and stay healthy. 

Yours in Service

CA B T Shetty

Chairman