The Bhopal Branch of The Institute of Chartered Accountants of India has hosted a two days National Conference on Bank Audit, Companies Act and GST” at Samanvaya Bhawan on Monday.
The National Conference was inaugurated by a ceremonial lighting of the lamp by the chief guest of the programme, Shri Rajesh Kumar, Chief General Manager, State Bank of India. He explained how block chain technology is going to change the future of banking in India.
CA Mayank Agarwal, Chairman of the Bhopal Branch, gave the inaugural speech on the occasion. He briefed the audience about the growing importance of the role of chartered accountants in the present regulatory scenario of Bank Audits and Companies Act.
CA Nayan Kothari, from Vadodara, Gujarat, was the first speaker for the 1st Technical Session. He deliberated upon the key issues related to Bank Audit. He laid stress on the requirement of Audit Planning by CA’s with respect to Statutory Bank Audits.
CA Abhay Chhajed, from Bhopal, was the second speaker for the 1st Technical Session. He informed the gathering of members about the growing importance of audit documentation in compliance with the Standards on Auditing (SA) issued by ICAI.
He reiterated that as the expectation of Government and Stakeholders from the Chartered Accountants are growing with respect to the increasing menace of NPA across the banking sector, so is the importance of proper documentation increasing.
CA Ajay Jain, from Delhi, was the speaker for the 2nd Technical Session. He discussed certain key issues pertaining to Long Form Audit Report (LFAR), and Ghosh and Jilani Committee Reports.
The programme was attended by more than 500 Chartered Accountants from across the length and breadth of India. On this occasion, CA. Zuber Ullah Khan , Vice Chairman, CA Samank Mohabe , Treasurer, CA Anshul Agrawal, CICASA Chairman, CA Pradeep Mutreja and CA Aditya Shrivastava, Managing Committee Member.