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Results of the Chartered Accountancy - Final & CPT Examination, Facilitating of online services - For Small and Medium Practitioners (SMP) to Small and Medium Enterprises (SME), Three Months Residential Course-Second Batch - (12-07-08))
 
Results of the Chartered Accountancy - Final & CPT Examination, Facilitating of online services - For Small and Medium Practitioners (SMP) to Small and Medium Enterprises (SME), Three Months Residential Course-Second Batch
July 12, 2008
 
 
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountancy in India. During its nearly six decades of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. ICAI now is the second largest accounting body in the world.
 
The Curriculum of the Chartered Accountancy Course has been designed, developed and maintained so that the members of the Profession can become the valued Trustees of the World Class Financial Competence, Good Governance and Competitiveness. For details of the curriculum, please refer to Annexure 3.
 
The Chartered Accountancy Examination are held twice a year since December, 1949.This exam in May, 2008 was held in 176 Examination Centers spread over 105 cities all over India and 3 cities abroad. For details pertaining to results of the final exam, please refer to Annexure 1.
 
Today, the Results of Chartered Accountancy final & Common Proficiency Test (CPT) exam have been declared. CPT is the entrance level route to Chartered Accountancy stream which every intending candidate has to clear before enrolling for the Professional state. For details pertaining to results of the CPT exam, please refer to Annexure 2.
 
Analysis of the Result
 
Facilitating of online services - For Small and Medium Practitioners (SMP) to Small and Medium Enterprises (SME)
 
The Institute of Chartered Accountants of India (ICAI) created in 1949 has entered into the Diamond Jubilee Year on July 1, 2008.As a part of the initiative to offer value added Business Assurance Services to its clients, ICAI has launched an IT Initiative – Tally Business Assurance Practice which is being inaugurated today on July 12th, 2008 by CA. Ved Jain, President, ICAI
 
Chartered Accountants ,as the traditional business assurance provider, is increasingly relied upon to provide Business Assurance Services in IT areas like Information Systems Audit (IS Audit)/ Systems & Process Assurance (SPA), ERP Consulting, Information System Development/ Design/ Maintenance/ Management/ Control/ Evaluation, Business Process Reengineering (BPR) etc.
 
As a part of this initiative, CA’s from Small and Medium Practice (SMP) can offer Business Consultancy Services (BCS) to their clients like SMEs through the internet by having a remote access to client data. Through this facility they can help generate working papers, audit reports etc. and other useful facilities.
 
This initiative would enable CA’s not only to ensure that their clients achieve compliance of various statues, taxation laws etc. but will also help them to offer value added Business Assurance Services to their clients , remotely.
 
Three Months Residential Course-Second Batch
 
The globalization and the emerging scenario of the corporate world requires specialized professionals who can provide service with excellence, professionalism & objectivity to deal with various aspects of the corporate affairs. Members and other stakeholders need guidance on various areas of corporate laws and practices.
 
The ICAI would be starting the second batch of three months residential course, from August 11’2008, as a part of its CA education and training scheme. The training of the First Batch would successfully conclude on July 18, 2008. This course aims to impart focused training in the soft skills to students of Chartered Accountancy. The programme envisages to help the students in developing General Management, Personality Development and Communication Skills that would enable the Chartered Accountancy students to occupy higher general management positions and even aspire to become the head of business /corporates. The intensive residential programme will once again be organized at National Institute of Financial Management, the training wing of the Government of India for senior civil services officers and other government officials in finance and allied fields.
 
It has been the vision of CA Ved Jain, President ICAI, that CA students should acquire multifarious professional skills, in addition to knowledge in conventional areas. It is felt that Indian accountancy profession has reached a stage where a phenomenal growth can be expected if the right impetus is provided. The last decade belonged to the IT professionals who brought laurels to Indian intellect as well as international recognition. The next decade should now belong to the Indian Accountants. This type of training and residential programme will help in expediting this process. The best of faculty from top corporates, best management institutes and IAS Academy, Mussorie have been invited to address and interact with the students in this programme. There will be regular programmes and students joining this programme would greatly benefit.
Presently this programme is optional for the students but later on, as the infrastructure is developed, this programme will be made mandatory for all. There is tremendous contribution of NIFM in making this dream into a reality. National Institute of Financial Management with its orientation towards training of civil servants and government officials and expertise in financial area was found best suited for imparting such training to the CA students.
 




     
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