Editorial board writes


Dear Esteemed Members and Seniors, It gives me immense pleasure in announcing the most awaited Conference of the Eastern India Regional Council (EIRC) of the Institute of Chartered Accountants of India (ICAI). It is for the 44th time in the history of EIRC, this Regional Conference is being organized in the city of joy. The theme of the conference is “CA-The Profession with a WOW”. This Regional Conference, spread over 2 days (Friday 20th December & Saturday 21st December, 2019) is an endeavour to enable professionals maintain and develop competencies, enhance their knowledge, expertise, skill sets for further excelling in their profession. The conference has been intricately designed to provide an insight on the recent happenings in the professional arena coupled with objective of smart learning. Expert speakers from all across the country shall share their experiences on the various tenets of the CA profession and the way forward. The technical sessions in the conference would deal with the practical and contemporary issues and I am confident that the participants shall witness a fruitful, enlightening and educative experience by joining this momentous occasion. I am also happy to share that this 44th Conference shall be held for the first time at the state of the art Biswa Bangla Convention Centre at Rajarhat, Kolkata. This appeal is to request all the members of our profession, students and other professionals to register for this mega event and participate whole heartedly. I also humbly appeal to all for extending your helping hand in arranging sponsorships for supporting this mega initiative. I also place on record the support of all my colleagues in the Regional Council, the Central Council, the President and Vice President of ICAI, Branches and Study Circles in motivating me to organize this exciting event. The thematic focus of this conference is enumerated in the subsequent paragraphs. Thematic Focus: CA –The Profession with a WOW (Wings of Wisdom) “While accounting is the universal language of modern day business, professional accountants are its lifeline,” so goes a saying that aptly applies to the present day India too. India is burgeoning with business as well as professional opportunities. This is happening particularly in the backdrop of massive reforms, start-up boom, renewed vigour of small and medium enterprises, technology-induced innovations, push for digital economy, and changing business and regulatory landscape with the introduction of Goods and Services Tax, Insolvency and Bankruptcy Code, etc. And amidst all these deeply impacting developments that have unfolded a new economic era, it is the calibre and versatility of CAs that is ably driving growth of corporate India and SMEs alike, converting all challenges into opportunities for the organisations they serve. CAs have been instrumental in the proper and systematic implementation of the policies and reforms and ensuring all the requisite compliances from the stakeholders. Whether involved in their own practice or working in corporate world, CAs have demonstrated that they are the most sought after professionals. Also their increasing participation to the cause of social service over a period of time have established themselves as an indispensable ‘must have’ professional, an invaluable asset, and a force called “wisdom” to be reckoned which plays a significant role in moving the wheels of prosperity of the businesses, thereby partnering in nation building. This is the WOW factor of our profession. If one were told to expand the acronym WOW, the most apt description in relation to the CA profession could be the Wheels of Wisdom. If one were to relate it to the emblem of ICAI (eagle), the resultant could be Wings of Wisdom. Whether it is the majestically spread Wings or the constantly moving giant Wheel, let us all conduct ourselves in a manner that when the world thinks of a CA, the expression should be only “WOW”. August 2019@EIRC We organized many events during the month of August besides hoisting the national flag on 15th August, 2019 to commemorate the 73rd Independence Day of our beloved nation. On the eve of the independence day, on 14th August, 2019 we organized an unforgettable memorial lecture in the memory of our illustrious past president, Late CA S Vaidyanath Aiyar. The lecture titled as S Vaidyanath Memorial Lecture was organized with a theme “If its to be its upto ME”. Our beloved past president CA A .C. Chakraborti addressed the gathering as our chief guest. The guest speaker was Mr. Lal Bhatia, who beautifully narrated his true tale of professional valour, courage and independence before the participants which resulted into many poignant moments. prior to this day, On 4th August, we once again successfully organized a one day 6 CPE joint program with Salt Lake City CA Study Circle of EIRC. The program was titled as CA Profession-Celebrating 70-Marching Towards 75 and was attended by many professionals. Our President recently wrote, Today Chartered Accountants stand for high degree of reliability, integrity, values and financial discipline. With the criticality of their functions towards stable financial system and strong economy at large, they have so far played a stellar role in the rise of our economy. ICAI has ensured the mandatory presence of a high degree of integrity and accountability in all its members, by constantly educating and inspiring them towards professional excellence. With the globalisation of businesses and commercial operations, and resulting complexity and change in the international legal frameworks, role of Chartered Accountants has become all the more important and encompassing. Before I conclude, Let me quote the ICAI past President CA. S. Vaidyanath Aiyar, who had rightly observed six decades ago: “…for the professional accountant is not merely an auditor; he, as the Chartered Accountants Act recognises, can be a financial and business adviser; he can usefully function on company boards of directors; he can equally competently fill the office of liquidator, trustee, executor, administrator, arbitrator, receiver, costing or management expert and tax adviser.” And we Chartered Accountants have had the privilege of setting up precedence before other professional communities. Enjoy being a CA. 
Think CA, Express WoW! 
Happy reading!! 
CA Sumit Binani 
Chairman-EIRC of ICAI 

Team Eirc