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45th Regional Conference organized by Institute of Chartered Accountants of India (ICAI) & Eastern India Regional Council (EIRC)

Kolkata, 19th January, 2021: The Institute of Chartered Accountants of India (ICAI) and Eastern India Regional Council (EIRC) organized the 45th Regional Conference spread over two days (19th & 20th January, 2021) at ITC Royal Bengal, Kolkata with the theme Chartered Accountants - Crusading the New Normal” where in more than 2500 members virtually would be attending the event from across India. This Regional conference is an endeavor to maintain and develop competencies of the members, to enhance their knowledge, expertise and skill sets in varied areas of the profession.

The Inaugural session of the 45th Regional Conference organized by ICAI & EIRC was inaugurated by Chief Guest, Shri Jagdeep Dhankhar, Governor of West Bengal with his first lady Mrs. Sudesh Dhankhar & was attended by: CA Atul Kumar Gupta, President, ICAI; CA Nitesh Kr. More, Chairman, EIRC; CA Sanjiv Soni, DF, Finance; CA P Sarath Kumar, Former Civil Servant and was Virtually attended by: CA Nihar Niranjan Jambusaria, Vice President, ICAi; Shri Rohit Jain, ED, UCO Bank; CA Anil Singhvi, Managing Editor, Zee Business; Madam Neeru Abrol, Ex-MD, NFL; CA Harish Madhav, Director (Fin.), Oil India & many other eminent personalities.

With the growth of Indian economy and employment generation capabilities, the Micro, Small and Medium Enterprises (MSMEs) are considered to be the backbone of the national economic structure. As on date, the MSME sector, accounts for nearly half of India’s total exports. The MSME Sector is an important pillar to carry forward the vision of ‘Atmanirbhar Bharat’ and face economic challenging situation posed by COVID-19 pandemic. In view of the importance of the sector in the economy, ICAI launched MSME Mentorship Programme & 100 Facilitation Centre for MSME/GST during the National Conclave on Empowering MSMEs towards Aatmanirbhar Bharat” to make them globally competitive.

The entire programme was primarily divided into two modes with various topics discussed either in a manner of deliberative style or in a mode of panel discussion. Discussions were held on Role of Bank Audit in improving Bank Audit, Moving from Traditional to Tech Based Practice, GST: Ease of doing business Vs Tax Collection, IND AS: Recent Changes, Growing GST Litigations & Burning Issues, Capital Market: Recent Trends, Documentation & Audit of Accounting Estimate, CA in Industry@2025, Forensic Audit: Case Studies of Sarada & Kingfisher, CA Profession @ 2025, Code of Ethics, LFAR: Decoding Recent Changes, Future of InsolvencyProfession.

About ICAI: As one of the prominent accounting bodies worldwide, The Institute of Chartered Accountants of India (ICAI) has achieved recognition for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. Starting with a handful of about 1700 members, today, the strength of Chartered Accountant fraternity has grown to over 2.95 lakh members. On the education front, the ICAI began with mere 259 students and today more than 9.5 lakh active students are a part of ICAI. The ICAI has 5 Regional offices and 164 branches all across the country. ICAI overseas Chapters continue to spearhead ICAI work program in 34 important jurisdictions globally.

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