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From: IASB - ICAI <email@icai.ind.in>
Date: Tue, May 13, 2014 at 6:10 AM
Subject: Thirteenth LIVE WEBCAST on Internal Audit Report Writing on May 23, 2014 from 4:00 PM to 6:00 PM
To: djshah1944@gmail.com
Dear Esteemed Members,
Larry Sawyer aptly said, "The most brilliant of analyses and the most productive of audit findings seem to be forgotten during the trauma of report writing." This quote emphasizes the need for internal auditor to keep their focus on reporting objectives, and periodically re-conceptualize and reshape their efforts to keep them aligned with organizational needs. The internal auditor's report should contain a clear written expression of significant observations, suggestions/ recommendations based on the policies, risks, controls and transactions processing taken as a whole and management responses. The objective should be to systematically design reports that deliver essential messages to the targeted readers.
Recognising the importance of internal audit report writing, the Internal Audit Standards Board of the Institute of the Chartered Accountants of India is organizing webinar on "Internal Audit Report Writing" on May 23, 2014, from 4:00 P.M. to 6:00 P.M. The objective of the webinar is to highlight the internal audit reporting objectives, and providing guidance on formatting of reports and improving their readability and clarity.
Thirteenth LIVE WEBCAST on "Internal Audit Report Writing"
The objective of the webinar is to highlight the internal audit reporting objectives, and providing guidance on formatting of reports and improving their readability and clarity.
| Date | May 23, 2014 (Friday) |
| Time | 4:00 pm – 6:00 pm |
| CPE | Members may claim 2 unstructured CPE hours by submitting a Self declaration form to the concerned Decentralized office. |
| Panel Discussion by | CA. Charanjot Singh Nanda, Chairman, Internal Audit Standards Board CA. Ravi Harihara Iyer |
Members may send queries in advance at the above mentioned link.
Members can view all the webinars organized by the Board till date at link http://www.icai.org/post.html?post_id=8939.
Members can view all the webinars organized by the Board till date at link http://www.icai.org/post.html?post_id=8939.
CA. Charanjot Singh Nanda
Chairman, Internal Audit Standards Board
The Institute of Chartered Accountants of India
A-29, Sector 62, Noida, Uttar Pradesh
Phone no.: 0120-3045995
E-mail: cia@icai.in
Chairman, Internal Audit Standards Board
The Institute of Chartered Accountants of India
A-29, Sector 62, Noida, Uttar Pradesh
Phone no.: 0120-3045995
E-mail: cia@icai.in
On Thursday, 15 May 2014 8:39 PM, Dipak Shah <djshah1944@gmail.com> wrote:
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From: IFRS - ICAI <email@icai.ind.in>
Date: Wed, May 14, 2014 at 4:48 AM
Subject: Webcast on "Useful lives to Asset - Schedule II of Companies Act, 2013 and Part of an item of PPE – Para 43 of Ind AS 16" on May 19, 2014 at 5:00 PM.
To: djshah1944@gmail.com
Dear Professional Colleague,
Greetings from Ind AS (IFRS) Implementation Committee of the ICAI.
As you may kindly be aware that the Ind AS (IFRS) Implementation Committee of ICAI, being one of the non-standing Committee of ICAI has been making relentless efforts to create awareness about IFRS/Ind AS in the country and abroad. IFRS being the global financial reporting standards involves various international opportunities. For this purpose, the Committee has been taking various initiatives, such as:
- Formulation of learning Materials on IFRS.
- Conducting 120 hours intensive IFRS Certification Course in India and abroad.
- Conducting programmes, seminars etc. on IFRS/Ind AS across the country.
We are pleased to inform you that the Ind AS (IFRS) Implementation Committee has for the first time decided to conduct webcast on "Useful lives to Asset - Schedule II of Companies Act, 2013 and Part of an item of PPE – Para 43 of Ind AS 16" on May 19, 2014 (Monday). The details for the same are as follows:
(2) CA. Mandar Godbole
Any query or question related to the topic may be send in advance or during the live web cast through http://icaitv.com/live/icai190514/
We also request you to give your valuable opinion including suggestive speakers on the topics that may be covered in future webcasts and timings that may be best suitable for the members for future webcasts.
Any other suggestion/ feedback in organising the webcast may be sent to CA. Rajkumar S. Adukia, Chairman Ind AS (IFRS) Implementation Committee (e-mail rajkumarradukia@caaa.in;) or by mail at prachi.jain@icai.in; ifrs2@icai.in.
Certificate Course on International financial Reporting Standards
We may mention that the Committee also organises an extensive Certificate Course on IFRS with sufficient classroom training and e-learning facility to make the members competent in this era of IFRS. This Course is conducted at various locations throughout the country and abroad. The Course aims at providing:
- Introduction of the concepts of IFRS/Ind AS
- Dissemination of knowledge on IFRS/Ind AS;
- Comparison of IFRS with existing Indian Accounting Standards;
- Issues in relation to IFRS/Ind AS;
- Conversion of Financial Statements prepared on the basis of Indian GAAP to IFRS
Apart from the comprehensive theoretical aspects, this course, the first of its kind in India, will sharpen the expertise and excellence of our members through multiple case studies across the industry and service sector.
The Committee is planning to start new batches of Certificate Course on IFRS at the below mentioned locations. The tentative dates are as follows:
For registration and other course related details kindly follow the below mentioned link: http://www.icai.org/post.html?post_id=3562&c_id=266
We may further mention that in order to provide necessary support and guidance to the members, it has been decided to develop the following materials:
- Model Question papers.
- Publication of data bank of Objective Type Questions.
- Publication of data bank of Case Studies.
- Standard PPTs on all IFRS, IAS, IFRIC, SIC.
Model Question Paper
It is proposed to develop separate set of model question papers for the examinations to be conducted in India and abroad. For examination to be conducted in India, the model question paper will be on IFRS and Ind AS (10% Ind AS based and 90% IFRS based), whereas for examinations to be conducted at abroad, the model question paper will be on IFRS only.
The pattern of model questions paper should be as follows:
The key points of the model question paper are as follows:
- The question paper should be of moderate level.
- Descriptive questions should be mix of practical and theoretical questions.
- The question paper should broadly cover all IFRSs, IASs, IFRICs and SICs.
- Key differences between existing AS vs IFRS and Ind AS vs IFRS should also be covered in the model question paper for the exams to be conducted in India.
- Questions should cover some real life questions.
- Time allocation to each question should be appropriate.
Publication of data bank of Objective Type Questions
This publication will contain objective type questions in the form of Multiple Choices (with four options) with answers. Objective type questions will be formulated on all IFRS, IAS, IFRIC and SIC. Objective type questions will be of following types:
- Find out correct/incorrect statement.
- Fill in the blanks.
- Calculation based questions.
Publication of data bank of Case Studies
It is proposed to develop a publication on case studies on IFRS. This publication will contain variety numbers of case studies covering real life questions and practical oriented problems.
Standard PPTs on all IFRS, IAS, IFRIC, SIC
It is also proposed to develop PPTs on all IFRS, IAS, IFRIC and SIC. IFRIC and SIC will be covered in the related Standards. PPTs should be comprehensive and self explanatory in understanding principles enunciated in the Standards.
The Committee invites proposals from Chartered Accountants having knowledge of IFRS and who are willing to contribute as resource persons in the abovementioned activities of the Committee. It may be informed that a consolidated honorarium of Rs 60,000/- will be paid to the resource person for the aforementioned activities. However, the same will be reviewed by the competent authority and accordingly, the amount will be paid on the basis of standard of work. For further details you may write to us at : ifrs@icai.in, prachi.jain@icai.in.
With warm regards,
Yours Sincerely,
CA. Rajkumar S. Adukia
Chairman,
Ind AS (IFRS) Implementation Committee
The Institute of Chartered Accountants of India
E-mail: rajkumarradukia@caaa.in
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