THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
(Set up by an act of parliament) NASHIK BRANCH (WIRC)
(Set up by an act of parliament) NASHIK BRANCH (WIRC)
Namaste Members,
Today, the professionals of our country are scaling new heights by working extremely hard, with a resolve to realize its dreams and build the highest economy in the world. Today’s dawn has brought a new spirit, a new enthusiasm, a new zeal and a new energy with it. As we celebrated the festival of independence at a time when the athletes of our country have made us proud as they come back after circumnavigating the seven seas. They have returned after unfurling the Tricolour in the seven seas, colouring their waters with the hues of our Tricolor. The recently concluded Olympic games have given us hope and inspiration with the performances of the athletes all over the world and their commitment towards their goals just stuck with the colours of motivation to work harder. Also, how can we forget the efforts and performances of the Paralympians of our country, The Paralympics is an opportunity for us to see beyond the physical disabilities, to see the truly “super-abled” individuals. The Olympics is where heroes are made, the Paralympics is where heroes come.
The month of September is a period of great importance to all of us as we gear up for the completion of audits. With the increasing compliances and the responsibilities upon us of performing the duties as auditors, I request everyone to be patient in the work and see that our duties and responsibilities as auditors are properly performed. As we call ourselves, partners in nation building, we should keep in mind the importance of auditing standards and ethics and see that we comply and abide by the same while performing our tasks.
Indian culture gives immense importance to the relationship between gurus and shishyas (teachers and students). Teachers’ Day, celebrated on September 5th in India, is a special occasion dedicated to honoring the crucial role that teachers play in shaping lives. This date marks the birth anniversary of Dr. Sarvepalli Radhakrishnan, a renowned scholar, philosopher, and the second President of India. Dr. Radhakrishnan’s profound respect for the teaching profession and his significant contributions to education have made this day a tribute to educators across the country. Today our nation and the profession has risen into the bigger league on the global canvas. As we enjoy the admiration and respect of the world, earned over more than last seven decades with dedication, determination and discipline, we must remember our guiding torches, our pillars of strength, architect shaping our dreams, moulding our characters, showing conviction on us, our parents, teachers, gurus, mentors who have steered us on the path of glory and success. On this Teacher’s Day lets’ bow to our revered pillars of strength, who with their knowledge, experience and teaching are transforming India, our lives and our profession.
The month of August witnessed the celebration of the 78th Independence Day of our country. The day was celebrated with the hoisting of our tricolour and honouring the brave freedom fighters of our nation for their sacrifice and contribution towards the independence and development of our country. The day also witnessed the felicitation of the newly passed chartered accountants and the rank holders for their remarkable achievement. I wish them all a very bright future in their upcoming endeavours.
Some of the key highlights of the month of August
Workshop on Artificial Intelligence
Artificial Intelligence (AI) is transforming financial, accounting and auditing reporting by enhancing accuracy, efficiency, and compliance with standards and disclosure requirements. AI-powered tools can automate the collection, analysis, and presentation of financial and non-financial data, reducing errors and streamlining the reporting process. In the month of august we had conducted a full day workshop on Artificial Intelligence (AI) where practical case studies and tools were discussed for the use of AI in our office and our day to day work. The workshop was power packed with all the participants amazed at the use of AI in accounting, auditing, taxation and our office and how the same will help us to ease our work and improve our efficiency. The use of ICAI Chat GPT and the various AI tools will not only ease our work but will also help us tap new opportunities in the global scenario as the future is totally based on the optimum use of technology. I thank all the speakers for their valuable contribution which will surely help the members in their work.
Campus Placement Program
It was the first time where Nashik Branch had conducted a Campus Placement Program for Chartered Accountants and we are really overwhelmed with the response of the participants for the program. The Campus placement program worked as a platform for the newly passed chartered accountants to get to know the market requirements, the industry standards, the expectations of the industry from the professionals and an opportunity to face interviews and step into the corporate world that reckons their career destiny. I thank all the employers who participated in the campus placement drive for their active involvement. The program was a small opportunity that we tried to provide to help bring the industry and the professionals on a common platform to ease out the hiring process and help young professionals to kickstart their career.
Falcon 5.0 Women Leadership Conclave
The month of august also witnessed a very unique event namely Falcon 5.0 – Women leadership conclave. Such a conclave was organized for the first time in Nashik city where more than 100 women chartered accountants participated and powerful discussions were made on different topics. It was a privilege to listen upon the successful stories of women chartered accountants and the professional opportunities that are available for female chartered accountants globally. The event was a great success and I thank all the participants, panelists and speakers who actively participated and contributed in making the event a great platform for women chartered accountants. It was a small attempt from our side to provide a platform to network and share their thoughts and stories as women working professionals.
Financial and Tax Literacy Drive
The Financial & Tax Literacy Directorate of the Institute of Chartered Accountants of India (ICAI) aims at advancement of financial awareness and education across India with the celebration of Financial Literacy Day (वित्तीयज्ञान मेला) on 17th August, 2024. As a part of the celebration, sessions were organized on financial frauds, taxation and financial awareness, general awareness about financial literacy for common people. Also, the people were made aware with distribution of pamphlets and by creating awareness among the people through setting up stalls in public places and spreading awareness campaigns. The event got a very positive response from general public and we thank all the students and members who actively participated in spreading knowledge as a part of this वित्तीयज्ञान मेला.
Mega Career Counselling Program
During the last month, a mega Career counselling drive was conducted in which approximately 1000 students from different colleges across the city and adjacent rural areas participated wherein the opportunities in Chartered Accountancy profession was discussed with the students and with the response received from them, I hope that we will be seeing a good growth of the profession and the youth of the country will bring more galore to the Institute.
As a part of the celebration of 75 years of Trust and Excellence, The Institute of Chartered Accountants of India has launched ICAI#75 Green Mahotsav, an initiative that underscores our commitment to the nation in the pivotal area of environmental sustainability. This initiative is closely aligned with the Prime Minister\\\'s vision of \\\"Ek Ped Maa Ke Naam\\\" honoring the nurturing power of nature. To honour our responsibility towards nature we have distributed more than 150 plants on the occasion of Independence Day and I urge everyone to take part in this initiative and make our mother earth a better place to live.
The branch is continuously engaged in organising various events and activities for you all and I advise you to participate in these events as they offer a unique opportunity to interact with one another, the leaders from different facets of the industry and senior practitioners that shall help you to gain valuable insights into the matters of professional relevance.
Lastly, I congratulate all the medal winners in the Olympics and the paralympics who have made our nation proud. It is an overnight success for a lifetime of hard work. It only teaches one thing – “Dreams are free, but goals have cost which are time, effort, sacrifice and sweat. Are we willing to pay the price is the question that we need to ask ourselves.”