My dear Professional Colleagues,
I hope this message finds you focused and ready as we enter the Audit season, a time where our commitment to ensuring compliance and enhancing trust takes centre stage. As we navigate through this crucial period, let us advance with precision and collaboration, sharpening our skills and upholding the integrity of our profession.
"The price of greatness is responsibility."
- Winston Churchill
Theme Address (Audit Season: Ensuring Compliance, Enhancing Trust):
As we enter Audit Season, our focus sharpens on the dual goals of ensuring compliance and enhancing trust. This period is a reminder of the responsibility we bear—upholding integrity, precision, and transparency in all we do.
Compliance is our foundation, requiring diligence and a deep understanding of the regulatory landscape. But our work goes beyond this; it builds trust—the cornerstone of all successful relationships.
Let us approach this season with a commitment to excellence, knowing that our efforts not only meet standards but also set new benchmarks.
September Strategy:-
As we move into September, our focus shifts to strategic planning during this Audit Season. This month is pivotal for setting clear objectives and refining our approach to ensure compliance and build trust. By adopting a well-thought-out strategy, we can navigate the complexities of audits with greater precision, enhance our professional practices, and contribute to a future marked by transparency and integrity.
In the month of September, we have two insightful programs lined up. On 06th September, join us for a session on the Practical Understanding of Schedule III Linked with CARO. This program will provide a comprehensive overview of how Schedule III interacts with the Companies Auditor Report Order (CARO), offering practical guidance for ensuring compliance and accurate financial reporting. Later in the month, on 21st September, we will host the MSME Yatra, an event dedicated to exploring the unique challenges and opportunities within the Micro, Small, and Medium Enterprises sector. This program will offer valuable insights and networking opportunities, aimed at empowering professionals working with MSMEs.
We recently hosted a series of impactful events throughout August 2024. On the 4th, we delved into the Union Budget with an insightful analysis of its key points and implications for Direct and Indirect Tax Provisions. Following that, on the 8th, we explored global prospects at our session on Overseas Opportunities for Chartered Accountants.
The National Conference of CA Students, held on the 10th and 11th August 2024, on a theme “Ananta” and was an Anant success. It provided a valuable platform for students to engage in enlightening sessions and network with peers and professionals. We extend our heartfelt thanks to each member who encouraged their Articled Assistants to attend this impactful conference. On the 15th, we celebrated Independence Day with “Abhyuday: The Rise of Hidden Talent,” showcasing emerging talents.
Our seminar on Tax Audit on the 24th was a great success, enhancing knowledge on the latest changes in Tax Audit Reports and best reporting practices. We concluded the month with a comprehensive seminar on Trusts on the 31st, diving into trust audits.
We extend our heartfelt thanks to all participants and speakers for their invaluable contributions. Your dedication and enthusiasm were truly inspiring. As we move forward, let us build on the insights and collaborative spirit from these events, continuing to strive for excellence in our profession and contributing to the nation’s development.
Chartered Accountants Benevolent fund (CABF):
We would like to request each member to voluntarily donate to the Chartered Accountants Benevolent Fund (CABF). Your contribution will make a significant difference in supporting fellow members and their families in times of need. Let us come together and show our solidarity and support for our community.
Together, we can achieve great things and make a lasting impact in our society and beyond.
At Last, I would like to end with an Futuristic Quote:
"Quality means doing it right when no one is looking." — Henry Ford
Happy to serve better.
CA. Dushyant K. Vithlani
Chairperson
ICAI Surat Branch (WIRC)
