People’s expectations from CAs are high: Sekhar

Source: The Hitavada      Date: 01 Apr 2018 09:31:06


 

 

Business Bureau,

G V Sekhar, Deputy General Manager of UCO Bank said that the month of April is going to be very tough for chartered accountants as well as for the bankers as both the professionals will have to perform many crucial tasks related to finance and accounts to assist others. He was speaking as the chief guest at the one-day seminar on ‘Bank Branch Audit’ organised by the Nagpur Branch of ICAI here recently.


“The society has lot of expectations from chartered accountants and to maintain it they will have to work with lot of responsibility. Chartered accountants should also work as a guide which will help the bankers to perform their job to the best of their abilities,” he said.


Chartered accountants are known for the meticulous planning. Hence the general public has high regard and expectation from a chartered accountant said Sekhar.
He added that the government has given right of certification to chartered accountants it considers chartered accountancy profession as one of the most noble professions. He also shared his thought on various aspects with regards to banking system while highlighting the expectation by banks from a chartered accountant. He further complimented the large number of chartered accountants attending the seminar for adopting Bank Audits.


He appreciated the work of Nagpur Branch in organizing numerous professional programs for the benefit of members.


Earlier, CA Abhijit Kelkar, Regional Council Member in his brief remarks informed that the cooling period was applicable in 33 districts across the country. He stated that chartered accountants are the ‘Financial Doctors’. He however cautioned the audience that with the recent issues in banks, role of auditor has increased manifold and therefore the task given to the fraternity should be given due justice by everyone.


CA Umang Agrawal, Chairman of Nagpur Branch of ICAI in his welcome remarks mentioned that the role of auditors is increasing day by day. The chartered accountants are now expected to check various non financial aspects in banks too. He thus appealed the members that bank audits should be done in a dedicated and committed manner with through preparation and planning. He further informed the members present about various new initiatives of Nagpur Branch along with the forthcoming event.


Apart from this, CA Amarjit Chopra from New Delhi deliberated on ‘Audit of Advances’, CA. Ajay Jain from Gurgaon deliberated on ‘Restructuring of Advances and IRAC norms’. CA Giriraj Soni, Mumbai spoke on the issues in ‘Core Banking System’ while CA Prakash Kulkarni from Pune discussed various provisions with respect to ‘Audit of Agricultural Advances’.


CA Suren Duragkar co-ordinated the inaugural session whereas CA Kirit Kalyani and CA Sanjay Agrawal co-ordinated the technical sessions. CA Julfesh Shah and CA P R Risbud chaired the technical sessions. Prominently present were CA Swapnil Ghate, CA Saket Bagdia, CA Jiten Saglani, CA Swapnil Agrawal, CA Preetam Batra, CA Govind Batra, CA Rajesh Khanzode, CA Satish Sarda and members in large numbers.