There is no shortage of Chartered Accountants in the country to meet the Global challenges. As on 1st May, 2012, 1,93,500 Chartered Accountants (CAs) were registered with the Institute of Chartered Accountants of India (ICAI).

You would appreciate that it is the responsibility of Professional Development Committee to consider ways and means to provide specific assistance in order to leverage national & global opportunities. The Institute is making all efforts to explore and exploit all available and potential opportunities. As a facilitator also, the committee is playing a pivotal role by making immense contribution through proactive participation of our members in various Government foras including SEBI, IRDA, RBI and C&AG. Taking a next step in this direction, Professional Development Committee is now committed to move for identifying even more potential professional avenues for Chartered Accountants.

Dedicated Freight Corridor Corporation of India Ltd. – Sealed Bids in Single Packet system are invited from eligible Consultants for Outsourcing of Maintenance of Accounts on monthly basis for DFCCIL for a period of two years extendable by additional one year.

Sealed tenders in two parts (i) Technical Bid and (ii) Price Bid are invited from reputed firms of Chartered Accountants/ Cost Accountants/ Management Consultants having experience of preparation of Fixed Assets Registers and physical verification of assets of Public Sector Corporations preferably power sector generating utilities, for preparation of Fixed Assets Registers and physical verification of assets of HPGCL for the financial year 2011-12 and 2012-13. The last date of receipt of tenders is 28.05.2012 at 3.00 PM and the part – I of bid shall be opened on the same day i.e. 28.05.2012 at 4.00 PM.

Since any amendment coming into force before six months from the date of exam ination forms part of syllabus for examination, the new Schedule VI of the Companies Act, 1956 shall be applicable to June, 2012 exam ination.

The government today said accounting regulator ICAI has found irregularities in the operations of certain multinational audit firms in the country. The high-power committee appointed by the Institute of Chartered Accountants of India for examining the operation of Multinational Network Accounting Firms (MAFs) has found the irregularities, Minister of State for Corporate Affairs R P N Sigh said in a written reply to the Rajya Sabha.

Enquires are being received as to whether the examination for the Paper – 4 of Professional Competence Examination (PCE) and Paper – 3 of Integrated Professional Competence Examination (IPCE) Cost Accounting and Financial Management which is scheduled to be held on 8th May, 2012 has been postponed or not.

The value addition provided by a profession supplements and strengthens the statutory role which it normally plays under the legal framework by the government. As long as this aspect is recognized by the profession, the respect for it increases. Sometimes we get a rare opportunity to present this aspect to the Government during the formulation of the statute, so that the same can be incorporated in an appropriate form in the regulations. Our Institute utilized this opportunity when the new CARR and CAR notifications incorporated the Part III – Performance Reporting to the management, as a part of the report to be submitted by the Cost Auditor.

The appointment of CA firm shall be done in two phases:- 1. Firm shall be short listed on the basis of Technical Bid and financial bids of short listed firms only would be opened.2. The services would be provided to Jaipur Regional Office, Housing & Urban Development Corporation Ltd. (HUDCO), HUDCO Bhawan, Behind RHB Office, Jyoti Nagar, Jaipur as well as any other location! office falling within the jurisdiction of HUDCO, Jaipur Regional Office.

The Delhi High Court today asked the Institute of Charted Accountants in India (ICAI) to allow disabled persons appearing for the CA examination to take the their relatives’ help in writing the papers for them.