Excelsior Correspondent
KATRA, Oct 9: A two-day seminar, organized by School of Business, Shri Mata Vaishno Devi University and the Board of Studies, Institute of Chartered Accountants of India (ICAI) began today at SMVDU.
The seminar, titled “Accountancy and Commerce Education in India: Contemporary issues and Challenges”, is being hosted by Jammu & Kashmir Branch of ICAI.
CA Amarjit Chopra, Past President, ICAI and Chairman, National Advisory Committee on Accounting Standards (NACAS) was the chief guest while Prof Sudhir K Jain, Vice Chancellor SMVDU was the guest of honor. Nationally renowned tax expert and academician Dr (CA) Girish Ahuja was one of the resource persons.
Amarjit Chopra said that the rapidly changing business environment has generated the need to realign the Indian Accounting Standards with the International Financial Reporting Standards (IFRS) and the students as well as practioners of accounting should carefully understand the intricacies of accounting technicalities like Related Party Transactions and Transfer Pricing. He emphasized the acute shortage of Certified Actuaries professional in the country and motivated the students to pursue it as a career choice.
Prof Sudhir K Jain underlined the growing importance of accounting and financial experts and advised the participants to develop the deep understanding of various tax laws.
Tax Guru Dr Girish Ahuja educated the seminar audience about the nitty gritty of various Indian Tax laws. He strongly advocated that ‘tax planning’ and not the ‘tax avoidance’ is the need of the hour.
CA Deepak Kumar Gupta, Assistant Director of Board of Studies (BOS), ICAI briefed the participants about the role of Board of Studies. CA Akhilesh Singh, CA Raghav Aggarwal and Dr Sanjay Mishra are the key resource persons for the seminar.
Seminar sessions will focus on the topics like ‘Merging of Indian Accounting Standards with IFRS’, Companies Act, 2013, TDAS, Indian Capital Markets and Corporate Governance.
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