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,
We have arrived in the last month of the year and this month of December is a time to finish what you started and make your wishes come true; it is the month that can bring to the surface things that you want to keep buried. It is the last month of the calendar year and is that time of the year when we sit down to take stock of our tangible and intangible achievements. I hope that the festival of lights was celebrated by each one of you in true spirits and it has brought joy to each one of us. It is these festivals of our country that not only bring joy and happiness but also showcase the rich heritage and culture of togetherness of our people.
The elections for the 26th Central Council and 25th Regional Council are scheduled to be held on 6th and 7th December, 2024. As a member of this esteemed fraternity, we as Chartered Accountants should come together and vote for the profession. It is our vote that will strengthen our profession and shape the future for us. Voting is the expression of our commitment to ourselves, one another, the country and the world. We proudly call ourselves the partner in nation building and our vote will help us choose the leaders who shall lead our path in this journey towards integrity and excellence. This is your Institute and mine and of each one of us. Let us stand by it very loyally, let the altar of worship be our own Institute, our own country. We owe a homage to our country and our own Institute. It is our sacred duty to build it up, to strengthen it, to get for it the best of traditions and the highest status possible. Our present activity will decide our future destiny. Autonomy conferred on the profession has aroused great expectations on the economic front. The members of the Institute have to stand solidly by the Institute, and for the Institute, to enable it to fulfil these expectations. Our march towards the attainment of all that is good and noble in the profession goes on.
Artificial intelligence is transforming the accounting and auditing profession, and chartered accountants should embrace AI to improve their practices and make better strategic decisions. The infusion of Artificial Intelligence into Chartered Accountancy practice represents a seismic shift in the financial landscape. Beyond automating routine tasks, AI amplifies the capabilities of CAs, fostering efficiency, accuracy, and strategic decision-making. Taking this into consideration we at Nashik branch are hosting the AICA course in the month of December and I hope that the members will surely benefit from the same. With our desire to continuously help the members to upgrade their knowledge, this course will enrich the members with knowledge in new AI tools and the use of the same in our daily work. The adoption of AI tools in the field of accounting is not just about embracing new technology; it is about recognizing and leveraging these advancements to transform the traditional practices of accounting into more efficient, accurate, and insightful processes.
GST Conclave and Residential Refresher Course on Practice Management
Looking upon the past events of the month of November, the GST conclave was a great success with the participation of members and the knowledge sharing between the members. The two days conclave covered the intrinsic issues under GST and the latest amendments in the law and we hope that members greatly benefitted from the same. Also, the month of November witnessed the Residential Refresher course at Igatpuri on Practice Management which was well acknowledged by all the participants. The challenges faced by the accountants in the current scenario is the management of work and growing landscape of practice. We hope that the participants have gained valuable inputs in the ways of growing practice with optimum use of technology and new avenues of practice areas.
CPE Sessions in the month of December
As per the CPE guidelines the members have to complete their CPE hours requirements for the current year in a timely manner and latest by 31st December, 2024. Non-compliance with CPE hours requirements shall have consequential provisions. In furtherance of the same we have lined up various sessions in the month of December for the benefit of the members. I request all the members to visit the branch website for more details. The sessions have been lined on various topics so as to upgrade the members with knowledge in different areas of work.
As part of our ongoing commitment to your health and safety, we at Nashik Branch have arranged a free blood-based Cancer Screening Test for over 30 types of cancer. The test, which would normally cost Rs. 14,500/-, will be provided free of charge to the members of the Nashik Branch and their families. This screening is exclusively available to ICAI members and their family members residing in Nashik. Early diagnosis is crucial in the fight against cancer and can significantly contribute to longer, healthier lives.
In this journey of India’s growth, the role and contributions of the Chartered Accountants fraternity stands as a crucial cornerstone in the nation’s economic ascent. As custodians of financial integrity and architects of transparency, CAs play an instrumental role in fortifying the economic foundations of the country. In this era where resilience, innovation, and self-sufficiency are paramount, the collaboration between New India’s aspirations and the strategic guidance of CAs has become a guiding light, steering our nation towards a future where economic sovereignty is both a reality and a source of global influence. As we chart this transformative path, our contribution as professionals become inseparable in the journey of our country’s economic resilience.
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.
I urge members to actively participate and cast their vote with a sense of commitment and responsibility towards the profession. Together, let us script the next chapter of India’s growth story - a chapter that echoes with inclusivity, sustainability, and prosperity for all. With unwavering determination and a collective spirit, we shall continue to march forward, ensuring that every member contributes to and benefits from the incredible narrative of our nation’s growth.
As the year 2024 comes to end, we have witnessed many events and as we reckon upon the same, I hope we see that the unaccomplished dreams be the driving force to move ahead with greater vigour and enthusiasm. As is rightly quoted by Martin Luther King Jr, “If you can’t fly then run, if you can’t run then walk, if you can’t walk then crawl, but whatever you do, you have to keep moving forward.”
CA. Sanjeevan V. Tambulwadikar
Chairperson
ICAI Nashik (WIRC)