Jaipur has been one of the best cities to pursue Chartered Accountancy course being a hub of CA coaching institutes and one of the biggest chapters of the Central India Regional Council (CIRC) of Institute of Chartered Accountants of India (ICAI).
ICAI Jaipur hosted National Convention for CA students in Jaipur on 14th – 15th June 2016. Organised by Board of Studies, ICAI and co-hosted by Jaipur Branch of Central India Chartered Accountants Students Association (CICASA), the event was organized at Birla Auditorium, Jaipur. CA Dinesh Kumar Jain, Chairman of Jaipur Branch of CIRC of ICAI and CA Sanjay Kumar Maheshwari, Chairman of Jaipur Branch of CICASA were the convention co-ordinators.
Convention was attended by more than 1,800 CA students from Jaipur and other places of Rajasthan. The theme of convention was “CA Profession – Enlighten, Enrich and Excel”.
CA Babu Abraham Kallivayalil, Chairman, Board of Studies, ICAI and CA Dhiraj Kumar Khandelwal, Vice-Chairman, Board of Studies, ICAI was the chief guest of the inaugural session. Open Question – Answer session was organized among students and Chairman and Vice Chairman. Various queries related to study pattern, enforcement of new syllabus, change in the operational activities etc. were answered by both the dignitaries.
CA Babu Abraham mentioned that the new CA course shall be enforced from 2017 wherein there shall be three levels – Foundation instead of CPT, Inter instead of IPCC and CA Final. The course has been formulated according to the global standards to give international exposure to CA students.
The convention was divided into 5 technical sessions for discussing various subject matters in detail. Session Chairman for each technical session was the subject matter expert while there were three student speakers from outstation on each topic. While student speakers delivered a detailed presentation on each topic, session chairmen gave their expert opinions and knowledge mantras to the students.
Dr. CA Girish Abuja, a well-renowned CA expert from Delhi addressed the students. Various heads of income under Income Tax Act, 1961 and related provisions were discussed by the student speakers. CA Girish Ahuja advised students to learn more and more aspects of tax during their articleship since the newly qualified CAs are struggling in their jobs and practices.
The 2nd Technical session was chaired by CA Siddarth Agrawal from Kolkata. Company Auditor Report Order -2016, aspects of company meetings and government companies compliances were the topics discussed by student speakers. CA Siddarth Agrawal highlighted the stringent compliances mentioned in Company law and how it would affect the corporate world.
CA Jay Chhaira, Central Council Member – ICAI from Surat discussed in the 3rd technical session. Student speakers presented their papers on Accounting Standard – 11 & 20, Accounting Standard – 22 & 28 and Altitude – Aptitude – Attitude. CA Jay Chhaira enlightened on differences in Indian Accounting Standards and Ind AS – the new accounting standards prepared on basis of International accounting principles.
The 4th Technical session was chaired by various Central Council Members of ICAI. While CA Shyam Lal Agarwal discussed on Positive Attitude, CA Manu Agarwal threw light on importance of effective articleship. CA Mukesh Singh Kushwah told the students about time planning and CA Prakash Sharma advised the students to learn art of presenting yourself.
The last technical session of the convention was chaired by CA Aseem Trivedi – a well-known CA from Indore. Student speakers discussed on Risk based audit, audit sampling and fraud risk factors. CA Aseem Trivedi highlighted the opportunities and stringent compliances incorporated for auditors in Companies Act 2013.
The convention was attended by various CA dignitaries also besides CA students. Students attending the convention were given participation certificates and a useful stationery kit.
The event was given huge attention by Media and a summary of the convention was published in all local newspapers of the city.