Committee on Management Accounting The Institute of Chartered ...
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ICAI NEWS<br />
122<br />
Empanelment <strong>of</strong> <strong>Chartered</strong> Accountant firms for the year 2012-2013<br />
Applicati<strong>on</strong>s are invited <strong>on</strong>line from the firms<br />
<strong>of</strong> <strong>Chartered</strong> Accountants who intend to be<br />
empanelled with this <strong>of</strong>fice for appointment as<br />
auditors <strong>of</strong> Government Companies/Corporati<strong>on</strong>s<br />
the year 2012-2013. <strong>The</strong> format <strong>of</strong> applicati<strong>on</strong><br />
will be available <strong>on</strong> our website: www.cag.gov.in<br />
from 1 st January to 15 th February 2012. <strong>Chartered</strong><br />
Accountant firms can apply/update the data showing<br />
the status <strong>of</strong> their firm as <strong>on</strong> 1 st January 2012 and<br />
generate <strong>on</strong>line acknowledgement letter for the year.<br />
<strong>The</strong>y are also required to submit related documents<br />
(to be notified in this <strong>of</strong>fice website) to this <strong>of</strong>fice<br />
before 28 th February 2012. Only the <strong>Chartered</strong><br />
Accountant firms who have generated <strong>on</strong>line<br />
acknowledgement letter for the year 2012-2013 and<br />
THE CHARTERED ACCOUNTANT december 2011<br />
942<br />
submitted the documents before the due dates will be<br />
c<strong>on</strong>sidered for empanelment.<br />
Any changes in the c<strong>on</strong>stituti<strong>on</strong> <strong>of</strong> the firm occurring<br />
after the cut-<strong>of</strong>f date <strong>of</strong> 1 st January 2012 should<br />
c<strong>on</strong>tinue to be updated in the website which will be<br />
available throughout the year. However, the changes<br />
in the firm occurring after 1 st January 2012 till the time<br />
<strong>of</strong> preparing the panel that will lead to a reducti<strong>on</strong> in<br />
the rank <strong>of</strong> the applicant firm shall <strong>on</strong>ly be taken into<br />
account for ranking the CA firms.<br />
Commencement <strong>of</strong> Registrati<strong>on</strong>s for Certificate Course <strong>on</strong> Internati<strong>on</strong>al Taxati<strong>on</strong><br />
We are pleased to announce that the <str<strong>on</strong>g>Committee</str<strong>on</strong>g> <strong>on</strong><br />
Internati<strong>on</strong>al Taxati<strong>on</strong> <strong>of</strong> ICAI has decided to commence<br />
the next Batches <strong>of</strong> Certificate Course <strong>on</strong> Internati<strong>on</strong>al<br />
Taxati<strong>on</strong> at following centres:<br />
Goa (http://220.227.161.86/23414citaxchennai.pdf)<br />
Tuticorin (http://220.227.161.86/23417citaxtuticorin.pdf)<br />
Chennai (http://220.227.161.86/23414citaxchennai.pdf)<br />
Ernakulam (Kochi) (http://220.227.161.86/23415citaxkoc<br />
hi.pdf)<br />
Pune (http://220.227.161.86/23416citaxpune.pdf)<br />
Eminent, Expert and Learned Speakers drawn from<br />
all over India will give value additi<strong>on</strong> to this Certificate<br />
Course.<br />
Joining can be d<strong>on</strong>e through Payment <strong>of</strong> prescribed<br />
fees - Register through <strong>on</strong>line payment at ICAI website<br />
and sending the hard copy <strong>of</strong> the duly filled registrati<strong>on</strong><br />
Requirement <strong>of</strong> Faculty <strong>on</strong> Ethics<br />
<strong>The</strong> <strong>Institute</strong> <strong>of</strong> <strong>Chartered</strong> Accountants <strong>of</strong> India (ICAI)<br />
intends to utilize the services <strong>of</strong> Members <strong>of</strong> ICAI and<br />
others in the field <strong>of</strong> pr<strong>of</strong>essi<strong>on</strong>al ethics for <strong>Chartered</strong><br />
Accountants as Faculty for the different workshops<br />
and seminars <strong>on</strong> ethics being c<strong>on</strong>ducted at different<br />
places all over India. <strong>The</strong> interested pers<strong>on</strong>s may<br />
please send their willingness al<strong>on</strong>g with the Bio-Data by<br />
E-mail esb@icai.org or by post to the following :<br />
Sd/-<br />
Director General (Commercial)<br />
form to NOIDA address. Alternatively, make DD <strong>of</strong> R25000<br />
in favour <strong>of</strong> ‘<strong>The</strong> Secretary, <strong>The</strong> <strong>Institute</strong> <strong>of</strong> <strong>Chartered</strong><br />
Accountants <strong>of</strong> India’ Payable at New Delhi and fill the<br />
registrati<strong>on</strong> form and send the same to NOIDA address.<br />
It is suggested that kindly make an <strong>on</strong> line payment<br />
at ICAI website so that registrati<strong>on</strong> is c<strong>on</strong>firmed <strong>on</strong> the<br />
spot. It may be noted that due to limitati<strong>on</strong> <strong>of</strong> seats, the<br />
registrati<strong>on</strong> will be d<strong>on</strong>e <strong>on</strong> ‘first come first serve’ basis.<br />
For further informati<strong>on</strong>, pl. c<strong>on</strong>tact:<br />
Secretary, <str<strong>on</strong>g>Committee</str<strong>on</strong>g> <strong>on</strong> Internati<strong>on</strong>al Taxati<strong>on</strong>,<br />
<strong>The</strong> <strong>Institute</strong> <strong>of</strong> <strong>Chartered</strong> Accountants <strong>of</strong> India,<br />
ICAI Bhawan, Administrative Office Block,<br />
4 th Floor, A-29, Sector-62, Noida (U.P.) - 201309, India,<br />
Teleph<strong>on</strong>e Direct - +91 120 3045923<br />
Mobile No. 09310532063; Email: citax@icai.org<br />
<strong>The</strong> Secretary<br />
Ethical Standards Board (ESB)<br />
<strong>The</strong> <strong>Institute</strong> <strong>of</strong> <strong>Chartered</strong> Accountants <strong>of</strong> India<br />
Indraprastha Marg<br />
New Delhi – 110002<br />
Ph<strong>on</strong>e – [+91] (11) 3011 0422
943<br />
Informati<strong>on</strong> Systems Audit (ISA) Course Assessment Test, December 2011<br />
To be Published in Part III Secti<strong>on</strong> 4 <strong>of</strong> the Gazette <strong>of</strong> India<br />
No.13-CA(EXAM)/ISA/D/2011: - In pursuance<br />
<strong>of</strong> Rule 7 <strong>of</strong> Schedule ‘F’ to Regulati<strong>on</strong> 204 <strong>of</strong> the<br />
<strong>Chartered</strong> Accountants Regulati<strong>on</strong>s, 1988 (as<br />
amended vide Notificati<strong>on</strong> No. 1-CA(7)/59/2001 dated<br />
28 th September 2001), the Council <strong>of</strong> the <strong>Institute</strong> <strong>of</strong><br />
<strong>Chartered</strong> Accountants <strong>of</strong> India is pleased to notify<br />
Notificati<strong>on</strong><br />
ICAI NEWS<br />
November 4 th , 2011<br />
that the Informati<strong>on</strong> Systems Audit (ISA) Course<br />
Assessment Test will be held <strong>on</strong> 24 th December 2011<br />
(Saturday) from 10.30 AM to 2.30 PM at the following<br />
cities provided that sufficient number <strong>of</strong> candidates<br />
<strong>of</strong>fer themselves to appear from each city as detailed<br />
below.<br />
Sl. No. Name <strong>of</strong> the Cities Sl. No. Name <strong>of</strong> the Cities Sl. No. Name <strong>of</strong> the Cities<br />
1 AHMEDABAD 13 GANDHIDHAM 25 LUDHIANA<br />
2 AMBALA 14 GUWAHATI 26 MADURAI<br />
3 AURANGABAD 15 GWALIOR 27 MUMBAI<br />
4 BANGALORE 16 HYDERABAD 28 NAGPUR<br />
5 BHOPAL 17 INDORE 29 NASIK<br />
6 BHUBANESWAR 18 JAIPUR 30 PANIPAT<br />
7 CHANDIGARH 19 JALANDHAR 31 PUNE<br />
8 CHENNAI 20 JODHPUR 32 RAJKOT<br />
9 COIMBATORE 21 KANPUR 33 RANCHI<br />
10 DELHI / NEW DELHI 22 KOLHAPUR 34 SURAT<br />
11 ERNAKULAM 23 KOLKATA 35 TRIVANDRUM<br />
12 ERODE 24 LUCKNOW 36 VADODRA<br />
<strong>The</strong> Council reserves the right to withdraw any<br />
centre at any stage without assigning any reas<strong>on</strong>. <strong>The</strong><br />
above Test is open <strong>on</strong>ly to eligible Members <strong>of</strong> the<br />
<strong>Institute</strong> who are already registered with the <strong>Institute</strong><br />
for the said course. <strong>The</strong> fees payable for the above<br />
Assessment Test is R1000/-.<br />
Payment <strong>of</strong> fees for the Assessment Test should<br />
be made <strong>on</strong>ly by Demand Draft. <strong>The</strong> Demand Draft<br />
may be <strong>of</strong> any Scheduled Bank and should be drawn<br />
in favour <strong>of</strong> “<strong>The</strong> Secretary, <strong>The</strong> <strong>Institute</strong> <strong>of</strong> <strong>Chartered</strong><br />
Accountants <strong>of</strong> India, payable at New Delhi” <strong>on</strong>ly.<br />
Applicati<strong>on</strong> together with the prescribed fee be sent so<br />
as to reach the Additi<strong>on</strong>al Secretary (Exams) at New<br />
Delhi <strong>on</strong> or before 9 th December, 2011.<br />
Applicati<strong>on</strong>s for admissi<strong>on</strong> to the Assessment<br />
Test is required to be made in the prescribed form<br />
which may be obtained from the Additi<strong>on</strong>al Secretary<br />
(Exams), <strong>The</strong> <strong>Institute</strong> <strong>of</strong> <strong>Chartered</strong> Accountants <strong>of</strong><br />
India, ICAI Bhawan, Indraprastha Marg, New Delhi –<br />
110 002 <strong>on</strong> payment <strong>of</strong> R100/- per applicati<strong>on</strong> form.<br />
<strong>The</strong> forms are also available in the Regi<strong>on</strong>al and<br />
Branch Offices <strong>of</strong> the <strong>Institute</strong> and can be obtained<br />
up<strong>on</strong> cash payment <strong>on</strong> or from 21 st November, 2011.<br />
Alternatively, the format <strong>of</strong> applicati<strong>on</strong> form can be<br />
downloaded from the website <strong>of</strong> the <strong>Institute</strong> viz.<br />
www.icai.org and the cost <strong>of</strong> the applicati<strong>on</strong> form<br />
<strong>of</strong> R100/- can be added to the Assessment Test fee<br />
<strong>of</strong> R1000/- and the Demand Draft for R1100/- has<br />
to be sent. <strong>The</strong> last date for receipt <strong>of</strong> duly filled<br />
in applicati<strong>on</strong> forms is 9 th December, 2011. <strong>The</strong><br />
applicati<strong>on</strong> together with the prescribed fee should be<br />
sent by Speed Post/Registered Post to the Additi<strong>on</strong>al<br />
Secretary (Exams.), New Delhi. <strong>The</strong> applicati<strong>on</strong>s<br />
received after 9 th December - 2011 will not be<br />
entertained under any circumstances.<br />
(G. Somasekhar)<br />
Additi<strong>on</strong>al Secretary (Exams.)<br />
THE CHARTERED ACCOUNTANT december 2011 123
ICAI NEWS<br />
124<br />
New Branches <strong>of</strong> Students’ Associati<strong>on</strong><br />
In pursuance <strong>of</strong> Regulati<strong>on</strong> 81(5) <strong>of</strong> the <strong>Chartered</strong><br />
Accountants Regulati<strong>on</strong>s, 1988, read with Rule 4 <strong>of</strong> the<br />
<strong>Chartered</strong> Accountants Students’ Associati<strong>on</strong> Rules<br />
(as c<strong>on</strong>tained in Appendix No. (5) to the <strong>Chartered</strong><br />
Accountants Regulati<strong>on</strong> 1988), the Council <strong>of</strong> the<br />
<strong>Institute</strong> <strong>of</strong> <strong>Chartered</strong> Accountants <strong>of</strong> India is pleased<br />
to announce the setting up <strong>of</strong> Branches <strong>of</strong> Central<br />
India <strong>Chartered</strong> Accountants Students’ Associati<strong>on</strong>s<br />
(CICASA) at Patna, Dhanbad, Allahabad, Ajmer,<br />
Saharanpur, Kota, Lucknow, Varansai, Bhilwara, Alwar,<br />
Jamshedpur, Ghaziabad, Jabalpur, a Branch <strong>of</strong> Eastern<br />
India <strong>Chartered</strong> Accountants Students’ Associati<strong>on</strong><br />
(EICASA) at Bhubneswar and Branches <strong>of</strong> Western<br />
India <strong>Chartered</strong> Accountants Students’ Associati<strong>on</strong><br />
(WICASA) at Bhavnagar, Vapi & Akola with effect from<br />
September 21 st , 2011.<br />
<strong>The</strong> Branches shall be known as under:<br />
1. Patna <strong>of</strong> CICASA,<br />
2. Dhanbad <strong>of</strong> CICASA,<br />
3. Allahabad <strong>of</strong> CICASA,<br />
4. Ajmer <strong>of</strong> CICASA,<br />
5. Saharanpur <strong>of</strong> CICASA,<br />
6. Kota <strong>of</strong> CICASA,<br />
7. Lucknow <strong>of</strong> CICASA,<br />
8. Varansai <strong>of</strong> CICASA,<br />
THE CHARTERED ACCOUNTANT december 2011<br />
9. Bhilwara <strong>of</strong> CICASA,<br />
10. Alwar <strong>of</strong> CICASA,<br />
11. Jamshedpur <strong>of</strong> CICASA,<br />
12. Ghaziabad <strong>of</strong> CICASA,<br />
13. Jabalpur <strong>of</strong> CICASA,<br />
14. Bhubneswar <strong>of</strong> EICASA,<br />
15. Bhavnagar <strong>of</strong> WICASA,<br />
16. Vapi <strong>of</strong> WICASA,<br />
17. Akola <strong>of</strong> WICASA<br />
As prescribed under Rule 4(b), <strong>of</strong> the <strong>Chartered</strong><br />
Accountants Students’ Associati<strong>on</strong> Rules, the Branch<br />
shall, at all time functi<strong>on</strong> subject to the c<strong>on</strong>trol,<br />
supervisi<strong>on</strong> and directi<strong>on</strong> <strong>of</strong> the Central Council,<br />
exercised through the Regi<strong>on</strong>al Council or the Regi<strong>on</strong>al<br />
Students’ Associati<strong>on</strong> and shall be governed by the<br />
directi<strong>on</strong>s issued by the Central Council from time to<br />
time, for the functi<strong>on</strong>ing <strong>of</strong> the Branches <strong>of</strong> Students’<br />
Associati<strong>on</strong> or such other directi<strong>on</strong>s that may be issued<br />
from time to time.<br />
Invitati<strong>on</strong> for Empanelment <strong>of</strong> Resource Pers<strong>on</strong>s for Investor Awareness Programmes<br />
<strong>The</strong> <str<strong>on</strong>g>Committee</str<strong>on</strong>g> <strong>on</strong> Financial Markets and Investor’s<br />
Protecti<strong>on</strong> (CFM&IP) is <strong>on</strong>e <strong>of</strong> the N<strong>on</strong>-Standing<br />
<str<strong>on</strong>g>Committee</str<strong>on</strong>g>s <strong>of</strong> the <strong>Institute</strong>. <strong>The</strong> functi<strong>on</strong>s <strong>of</strong> the<br />
<str<strong>on</strong>g>Committee</str<strong>on</strong>g> include spreading awareness am<strong>on</strong>g the<br />
investor about their rights and resp<strong>on</strong>sibilities besides<br />
preparing suggesti<strong>on</strong>s <strong>on</strong> various Regulati<strong>on</strong>s/Circulars<br />
relating to Financial Markets for submissi<strong>on</strong> to the<br />
Government/Regulators.<br />
We are pleased and proud to state that the <strong>Institute</strong> <strong>of</strong><br />
<strong>Chartered</strong> Accountants <strong>of</strong> India has been designated as<br />
the nodal authority by the Ministry <strong>of</strong> Corporate Affairs,<br />
Government <strong>of</strong> India to organise 4000 Investor Awareness<br />
Programmes across India through the <strong>Institute</strong>’s vast<br />
network <strong>of</strong> Regi<strong>on</strong>al Councils and Branches during the<br />
year 2011-2012.<br />
<strong>The</strong> <str<strong>on</strong>g>Committee</str<strong>on</strong>g> invites proposals from <strong>Chartered</strong><br />
Accountants, Bankers, Capital Market experts, MBAs,<br />
pr<strong>of</strong>essors and teachers having a flair <strong>of</strong> capital market<br />
and public speaking skills for acting as Resource Pers<strong>on</strong>s<br />
for c<strong>on</strong>ducting the aforesaid programmes. <strong>The</strong> resource<br />
pers<strong>on</strong>s have to plan and organise such programmes<br />
October 27, 2011<br />
Sd/-<br />
(T. Karthikeyan)<br />
Secretary<br />
<strong>of</strong> two hours durati<strong>on</strong> in small towns (other than district<br />
headquarters) at their own initiative. Arranging venue,<br />
assembling at least 50 participants per programme<br />
and disseminating financial literacy will be their key<br />
resp<strong>on</strong>sibilities. For this, MCA will pay a lump sum<br />
amount <strong>of</strong> R5,000/- per programme inclusive <strong>of</strong> TA/DA<br />
and h<strong>on</strong>orarium <strong>of</strong> the Resource Pers<strong>on</strong>.<br />
Interested pers<strong>on</strong>s are requested to send their<br />
detailed pr<strong>of</strong>ile al<strong>on</strong>g with name <strong>of</strong> the towns where<br />
they can c<strong>on</strong>duct programmes to the following<br />
address:<br />
<strong>The</strong> Chairman,<br />
<str<strong>on</strong>g>Committee</str<strong>on</strong>g> <strong>on</strong> Financial Markets and Investors’<br />
Protecti<strong>on</strong><br />
<strong>The</strong> <strong>Institute</strong> <strong>of</strong> <strong>Chartered</strong> Accountants <strong>of</strong> India,<br />
A-29, Sector 62,<br />
Noida 201309<br />
Ph: 09350799912, 0120-3045905/945<br />
E-Mail: cfmip_rp@icai.org<br />
944
945<br />
ICAI NEWS<br />
THE CHARTERED ACCOUNTANT december 2011 125
ICAI NEWS<br />
126<br />
New Publicati<strong>on</strong> - Internal Audit Standards Board<br />
Handbook <strong>on</strong> Pr<strong>of</strong>essi<strong>on</strong>al Opportunities in<br />
Internal Audit<br />
(Pages: 263 pages + 14 initial<br />
pages+ 2 cover pages)<br />
Price: R 250/- (including CD)<br />
<strong>The</strong> globalisati<strong>on</strong> <strong>of</strong><br />
business, growing complexity<br />
<strong>of</strong> transacti<strong>on</strong>s and newage<br />
IT infrastructure have<br />
revoluti<strong>on</strong>ised the c<strong>on</strong>cept<br />
<strong>of</strong> trade and commerce.<br />
Simultaneously, the fear <strong>of</strong> risks<br />
has also grown and to combat<br />
and reduce risk, internal auditors<br />
have come up with better<br />
internal c<strong>on</strong>trols. Internal audit pr<strong>of</strong>essi<strong>on</strong> has witnessed<br />
a sea-change from the traditi<strong>on</strong>al typical ‘compliance’ or<br />
‘transacti<strong>on</strong>’ audit to a much more dynamic ‘Risk-based<br />
Audit’, ‘C<strong>on</strong>trols Assessments’, ‘C<strong>on</strong>trols Rati<strong>on</strong>alisati<strong>on</strong>’<br />
and so forth. <strong>The</strong> range <strong>of</strong> activities undertaken by internal<br />
audit teams has increased and gained importance. <strong>The</strong>y<br />
cover a whole gamut <strong>of</strong> operati<strong>on</strong>s ranging from review<br />
<strong>of</strong> finance and operati<strong>on</strong>s to providing assurance and<br />
c<strong>on</strong>sulting services.<br />
This Handbook <strong>on</strong> Pr<strong>of</strong>essi<strong>on</strong>al Opportunities in<br />
Internal Audit issued by the Internal Audit Standards Board<br />
discusses the evolving opportunities for the members in<br />
internal audit and is a useful tool for the future <strong>of</strong> internal<br />
auditors.<br />
Significant Features <strong>of</strong> the Handbook are:<br />
1. This Handbook is divided into eight parts:<br />
▪ Part I - Provides insight into evoluti<strong>on</strong> <strong>of</strong> internal<br />
audit – past, present and future, Definiti<strong>on</strong> <strong>of</strong><br />
internal audit, scope and need <strong>on</strong> internal audit,<br />
internal audit cycle .<br />
▪ Part II – Provides step-wise detailed guidance <strong>on</strong><br />
management <strong>of</strong> internal audit activity from<br />
planning to reporting.<br />
Classifieds<br />
4879 Required CA’s as partners in experienced C.A.firm<br />
in Mumbai with good arrangement/terms and<br />
freedom for pers<strong>on</strong>al practice, place and age no<br />
bar. C<strong>on</strong>tact: glen.<strong>of</strong>fice@gmail.com/ 26254421/<br />
9920317933.<br />
4880 A firm with over 5 decades at chennai and branches<br />
in mumbai/bengaluru/trichy <strong>of</strong>fering services<br />
in direct taxati<strong>on</strong>/statutory/n<strong>on</strong> satutory audit<br />
wishes to expand its <strong>of</strong>ferings in indirect taxati<strong>on</strong><br />
& internati<strong>on</strong>al taxati<strong>on</strong>. the firm is exploring<br />
opportunities to replicate its model at mumbai,<br />
delhi, bengaluru, and hyderabad cities and other<br />
tier ii cities <strong>of</strong> maharashtra, karnataka, ap,tamil<br />
nadu & puducherry. firm invites proposals for<br />
merger c<strong>on</strong>tact email: caacquisiti<strong>on</strong>merger@gmail.<br />
com<br />
THE CHARTERED ACCOUNTANT december 2011<br />
▪ Part III – Extensive knowledge about the change<br />
in business trends and practices in industrial<br />
services, financial services and service industry.<br />
▪ Part IV – Deals comprehensively with Computer<br />
Assisted Audit Techniques.<br />
▪ Part V – C<strong>on</strong>tains list <strong>of</strong> Standards <strong>on</strong> Internal<br />
Audit.<br />
▪ Part VI - Guidance regarding internal audit<br />
reporting<br />
▪ Part VII and VIII -<br />
▫ Provide guidance regarding opportunities available<br />
for internal audit<br />
▫ Deals with the procedures to be followed while<br />
c<strong>on</strong>ducting specialised internal audit<br />
2. C<strong>on</strong>tains Specimen Audit Report Cover Letter and<br />
Specimen Internal Audit Report.<br />
This Handbook comes with a CD <strong>of</strong> the entire material<br />
to ensure ease <strong>of</strong> reference and reusability.<br />
Ordering Informati<strong>on</strong>:<br />
<strong>The</strong> publicati<strong>on</strong>(s) can be obtained from the sales<br />
counter at the Head Office or at the Regi<strong>on</strong>al Offices <strong>of</strong><br />
the <strong>Institute</strong>. Copies can also be obtained by post. To<br />
order by post, send a demand draft for the amount <strong>of</strong><br />
price <strong>of</strong> the publicati<strong>on</strong> (add the charges indicated below<br />
for the desired mode <strong>of</strong> delivery) in favour <strong>of</strong> the “<strong>The</strong><br />
Secretary, <strong>The</strong> <strong>Institute</strong> <strong>of</strong> <strong>Chartered</strong> Accountants <strong>of</strong><br />
India, New Delhi”, payable at New Delhi, to the Postal<br />
Sales Department, the <strong>Institute</strong> <strong>of</strong> <strong>Chartered</strong> Accountants<br />
<strong>of</strong> India, A-29, Sector -62, Noida - 201309.<br />
Postal Charges:<br />
By Courier: Within Delhi: R10/-<br />
Rest <strong>of</strong> India: R21/-<br />
By Registered Parcel: Within India: R35/-<br />
By Unregistered Parcel Within India: R17/-<br />
946<br />
4881 Kochi based firm <strong>of</strong> <strong>Chartered</strong> Accountants with<br />
corporate audits require young/experienced CAs.<br />
Selected Candidates will have excellent exposure<br />
to Company/Tax/IS Audit and C<strong>on</strong>sultancy and be<br />
groomed to eventually become partners <strong>of</strong> the firm.<br />
Please mail your proposals to : babuakallivalil@<br />
gmail.com<br />
4882 Required CA’s as partners/paid assistants for Delhi<br />
firm with l<strong>on</strong>g-term arrangements for mutual benefit.<br />
No interference in pers<strong>on</strong>al practice, place and age<br />
no bar. C<strong>on</strong>tact: bankaudit2008@gmail.com<br />
4883 CA with CWA, CIA, CISA qualificati<strong>on</strong> seeks<br />
assignments/sub-c<strong>on</strong>tract in practice or<br />
employment in Bangalore. C<strong>on</strong>tact 735305895<br />
email arvs64@hotmail.com
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ICAI OFFERS<br />
FIRST MBF …<br />
Why MBF* is better than any other MBA Finance course <strong>of</strong>fered by other <strong>Institute</strong>s?<br />
Knowledge mix for your business needs<br />
Campus Placement<br />
DECEMBER 2011<br />
DELHI & MUMBAI<br />
Genius Inside<br />
* Master indicates the depth <strong>of</strong> knowledge, coverage as well as capability and do not refer to a post graduate degree.<br />
Course C<strong>on</strong>tent<br />
10 years<br />
ICAI NEWS<br />
CMII & CMA JOINTly BRING TO yOu<br />
1. Providing cutting edge finance skills to Qualified & Experienced <strong>Chartered</strong> Accountants with an average experience<br />
<strong>of</strong> 10 Years<br />
2. Preparing for Global Ec<strong>on</strong>omy with special focus <strong>on</strong> Live Case Studies practised in class room<br />
3. Providing and exploring opportunity to interact with eminent faculty from B-School like Harvard Business School,<br />
Stern School <strong>of</strong> Business, New York, IIMs, MDI, <strong>Management</strong> Schools <strong>of</strong> IITs Premier Universities<br />
4. Create Interactive classroom led by Industry leaders in Private Equity, Fund raising, Banking, Mutual Fund, Forex<br />
<strong>Management</strong>, Merchant Banking<br />
5. 360 degree overview <strong>of</strong> business finance domain with comprehensive course c<strong>on</strong>tent similar to what they teach<br />
you in Top 10 B-Schools<br />
6. More than 100 Books prescribed for reference the latest and the best<br />
7. Focus <strong>on</strong> practical & managerial approach towards Business Finance to prepare student for CFO and top<br />
Managerial positi<strong>on</strong>s<br />
8. Special training sessi<strong>on</strong>s <strong>on</strong> Internati<strong>on</strong>al Taxati<strong>on</strong>, Business Restructuring, Trusts, Intellectual Property etc to<br />
prepare for Internati<strong>on</strong>al Assignments<br />
9. Course is designed to amplify the business finance skills <strong>of</strong> <strong>Chartered</strong> Accountants and enabling them to become<br />
Business leaders<br />
10. Well-equipped libraries at ICAI Bhawans at New Delhi, Mumbai & Centres <strong>of</strong> Excellence, Hyderabad<br />
11. An in built 7 days residential internship/training programme at ICAI’s Centre <strong>of</strong> Excellence, Hyderabad.<br />
▪ Comprehensive Finance Curriculum<br />
▪ Unique mix <strong>of</strong> faculty<br />
▪ Focus <strong>on</strong> Indian market<br />
▪ Innovative practical applicati<strong>on</strong><br />
▪ Healthy combinati<strong>on</strong> <strong>of</strong> students<br />
▪ Rigorous testing procedures<br />
How to recruit?<br />
▪ Register <strong>on</strong> www.cmii.icai.org<br />
▪ Mr. A. P. Kar, Secretary, CMA<br />
Email: ap.kar@icai.org<br />
Ph<strong>on</strong>e: +91 – 9350799912<br />
▪ Mr. Surender Pal<br />
Email: cmii@icai.org; spal@icai.in<br />
Ph<strong>on</strong>e: +91 – 9350799931<br />
LEVEL I Paper I - Financial Planning & Analysis<br />
Paper II - Fund Raising, Structuring & Internati<strong>on</strong>al Finance<br />
LEVEL II Paper III - Financial Markets & Portfolio <strong>Management</strong><br />
Paper IV - Forex, Treasury & Risk <strong>Management</strong><br />
LEVEL III Paper V - Valuati<strong>on</strong>s, Acquisiti<strong>on</strong>s and Risk Analysis<br />
Paper VI - Banking & Trade Finance<br />
Who should recruit MBF?<br />
▪ Bank - operati<strong>on</strong>s and credit.<br />
▪ Investment Bankers, Fund & Treasury Managers<br />
▪ Merchant Bankers<br />
▪ Equity Analysts, Private Equity, Mutual Funds,<br />
Hedge Funds, Venture Capital Funds<br />
▪ Corporates for Core Finance, Treasury & Projects,<br />
as CFOs<br />
Work Experience<br />
11-13 years<br />
>13 Years<br />
THE CHARTERED ACCOUNTANT december 2011 127
ICAI NEWS<br />
128<br />
Course Objective<br />
<strong>The</strong> <str<strong>on</strong>g>Committee</str<strong>on</strong>g> <strong>on</strong> <strong>Management</strong> <strong>Accounting</strong> (CMA) <strong>of</strong><br />
ICAI will c<strong>on</strong>duct 3 rd Batch <strong>of</strong> Master in Business Finance<br />
Certificate Course (MBFCC). Course coverage is<br />
extensively wide across various topics <strong>of</strong> advanced<br />
financial management like Capital Market, Investment<br />
Banking, Fund Raising & Fund <strong>Management</strong>, Corporate<br />
Valuati<strong>on</strong>, Merger Acquisiti<strong>on</strong>, Banking , Forex Market,<br />
Treasury <strong>Management</strong>, Risk <strong>Management</strong> etc. with an<br />
aim to provide knowledge and skill required for tomorrow’s<br />
CFO and high end c<strong>on</strong>sultancy in finance.<br />
THE CHARTERED ACCOUNTANT december 2011<br />
Certificate Course <strong>on</strong><br />
Master in Business Finance<br />
Comprehensive Finance Curriculum<br />
Unique mix <strong>of</strong> faculty<br />
Focus <strong>on</strong> Indian Market<br />
Innovative practical and managerial applicati<strong>on</strong>s<br />
Good combinati<strong>on</strong> <strong>of</strong> experience pr<strong>of</strong>ile <strong>of</strong> students<br />
Eligibility<br />
Only the Members <strong>of</strong> ICAI and the Students <strong>of</strong> the <strong>Institute</strong><br />
who have passed the CA Final Examinati<strong>on</strong><br />
are eligible to pursue this Course.<br />
Course C<strong>on</strong>tents<br />
LEVEL I :<br />
Paper I - Financial Planning , Analysis & <strong>Management</strong><br />
Paper II - Fund Raising, Structuring & Portfolio <strong>Management</strong><br />
LEVEL II<br />
Paper III - Financial Markets & Capital Market<br />
Paper IV - Forex, Treasury & Risk <strong>Management</strong><br />
LEVEL III<br />
Paper V - Valuati<strong>on</strong>s, Acquisiti<strong>on</strong>s and Risk Analysis<br />
Paper VI—Banking & Trade Finance<br />
Course Durati<strong>on</strong> and Course Hours<br />
This is approximately One year course. Classes will be<br />
held <strong>on</strong> alternative Saturdays ( 2 pm to 8 pm) and Sundays(<br />
9am to 2pm). Further, there will be two ( <strong>on</strong>e week<br />
each) full day residential programmes at Centre <strong>of</strong> Excellence<br />
ay Hyderabad.<br />
3 rd Batch Delhi, Mumbai, Chennai & Kolkata<br />
from January 2012<br />
Two Weeks Full Time Residential Programme<br />
at Centre <strong>of</strong> Excellence, Hyderabad<br />
<strong>The</strong> Residential Programme aims at bringing eminent<br />
nati<strong>on</strong>al and internati<strong>on</strong>al faculty members to guide the<br />
students in undertaking practical and innovative project<br />
work . <strong>The</strong> fees for Residential Programmes at<br />
Centre <strong>of</strong> Excellence at Hyderabad for which Rs. 20,000<br />
(Rs. Twenty thousand <strong>on</strong>ly) for two Residential programme<br />
which include cost <strong>of</strong> stay , food etc.<br />
Faculty<br />
<strong>The</strong> Faculty members for the course are from IIM’s,<br />
XLRI, NIBM, MDI, premier Universities , Public & Private<br />
Sector Banks/ Financial Instituti<strong>on</strong>s, Mutual Funds,<br />
ICRA, SIDBI, ICRA, Senior <strong>Chartered</strong> Accountants from<br />
Industry Pr<strong>of</strong>essi<strong>on</strong> and reputed academicians.<br />
Course Registrati<strong>on</strong><br />
<strong>The</strong> course registrati<strong>on</strong> is <strong>on</strong> receipt <strong>of</strong> duly filled in and<br />
signed Course Registrati<strong>on</strong> form with course fee <strong>of</strong> Rs.<br />
30,000 (Rs. Thirty Thousand <strong>on</strong>ly) vide DD/ Pay Order in<br />
favor <strong>of</strong> “<strong>The</strong> Secretary, ICAI” payable at Delhi. Course<br />
fee can also be paid <strong>on</strong>line through ICAI Payment Portal<br />
:www.icai/com/html<br />
Registrati<strong>on</strong> Form Submissi<strong>on</strong>:<br />
<strong>The</strong> Registrati<strong>on</strong> form with course fee has to be sent at<br />
the following address:<br />
<strong>The</strong> Secretary,<br />
<str<strong>on</strong>g>Committee</str<strong>on</strong>g> <strong>on</strong> <strong>Management</strong> <strong>Accounting</strong> (CMA)<br />
ICAI Bhawan<br />
Administrative Block, 3 rd Floor<br />
A-29, Sector-62 Noida (U.P)<br />
Pin :-201309<br />
Ph:-0120-3045905 / 9350799912<br />
E-mail:-cma@icai.in, cma@icai.org<br />
( Details in website www.icai.org)<br />
<str<strong>on</strong>g>Committee</str<strong>on</strong>g> <strong>on</strong> <strong>Management</strong> <strong>Accounting</strong><br />
<strong>The</strong> <strong>Institute</strong> <strong>of</strong> <strong>Chartered</strong> Accountants <strong>of</strong> India<br />
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