STATE TIMES NEWS
JAMMU: J&K Branch (NIRC) of the Institute of Chartered Accountants of India (ICAI) under the aegis of Auditing & Assurance Standard Board of ICAI on Friday organized a highly informative Seminar on Bank Branch Audit at ICAI Bhawan, Canal Road, here.
CA Vineet Kohli, Chairman of the J&K Branch, commenced the event with a welcome address, highlighting the significance of the CA Benevolent Fund. He underscored the pivotal role this fund plays in providing support to Chartered Accountants in times of need, emphasizing the importance of solidarity and mutual aid within the professional community.
Kohli’s emphasis on the benevolent fund served to encourage attendees to contribute and participate actively in supporting their fellow professionals, fostering a sense of camaraderie and unity within the accounting fraternity.
CA Priya Seht, Secretary, J&K Branch conducted the proceedings, and guided participants through the key aspects of the subject.
CA Amarjit Chopra, Past President ICAI, a speaker, addressed the audience on the critical aspects of loan and advances in the context of bank audits. His expertise in the field of auditing, particularly in the banking sector, has provided valuable insights into the intricacies involved in assessing and evaluating loans and advances, as well as the associated risks and regulatory considerations. Additionally, another guest speaker CA Anil Sharma has shared insights on the long-form audit report. This report is an extensive document that provides a comprehensive overview of the audit findings, including detailed analysis, observations, and recommendations. The guest speaker discussed the importance of crafting effective long-form audit reports, highlighting key elements such as transparency, clarity, and relevance to stakeholders. Both sessions have contributed to the attendees’ understanding of crucial areas in auditing, offering practical guidance and insights to enhance their professional practices and responsibilities. CA Sourav Pargal, Vice Chairman, presented the formal vote of thanks.
CA Vikas Purdhani, Immediate Past President, CA Ayush Sawhney, Executive Member & CA Nakul Saraf, Past Chairman along with many senior members, several Chartered Accountants and students were also present at the event.
