Archive Webcasting of TWO DAYS CPE SEMINAR On RISK BASED INTERNAL AUDIT

Archive Webcasting  of  TWO DAYS CPE SEMINAR On RISK BASED INTERNAL AUDIT (The need based Audit) Jointly Organised by Information Technology Committee, Committee for Members in Industry andCommittee on Internal Audit of SIRC of ICAI On December 10th 2011 & December 11th 2011 @ www.chennaistream.com/sircoficai CPE Credit: 12 Hours Esteemed Member,                                                                                    SIRC of ICAI is pleased to announce archive Webcasting of Two Days CPE Seminar on Risk Based Internal Audit. We are glad that this unique seminar is jointly organised by Information Technology Committee, Committee for Members in Industry and Committee on Internal Audit of SIRC of ICAI. The venue of the program is ICAI Bhawan, Brahmayya Memorial Hall, Chennai. Risk-based audit (RBA) is an approach to audit that is gaining significance in the recent past. RBA analyses audit risks, sets materiality thresholds based on audit risk analysis and develops audit programmes that allocate a larger portion of audit resources to high-risk areas. The entire session is webcast to leverage knowledge using technology. Webcasting is “broadcasting” over the Internet. Archive Webcasting is the deferred webcasting of the pre-recorded CPE program. The program structure is given for your reference.

Program Structure DAY 1 - Program – Archival Webcasting will be available from 11th December 10:00 am onwards Inaugural Session Chief Guest CA. RAJENDRA KUMAR P, Vice Chairman, Internal Audit Standards Board, & Member, Committee on Information Technology, ICAI Topic Speaker Chairman Corporate Governance - The Need for Risk Based Internal Audit CA. CHINNASAMY GANESAN CA. RAVISHANKAR. L Control & Risk Framework - The purpose of Risk Based Internal Audit Dr. (CA) K. PAUL JAYAKAR CA R. BHUPATHY Archival Webcasting will be available from 11th December 06:00 pm onwards Audit planning - Strategic and Tactical CA. TERRY THOMAS CA. GVV SATYANARAYANA Enterprise-Wide Risk Management - A Holistic Approach of RBIA CA. GOPAL KRISHNA RAJU Dr. (CA) K. PAUL JAYAKAR DAY 2 - Program – Archival Webcasting will be available from 12th December 10:00 am onwards 11:00 am Data Mining & CAAT - The tools for RBIA Dr. (CA) MATHEW THOMAS CA. NARESH CHANDRA GELLI 01:00 pm ICAI Standards on Internal Audit (SIA) CA. H. VENKATESAN CA. V. RAMABHADRAN Archival Webcasting will be available from 12th December 06:00 pm onwards 05:00 pm Risk-based Internal Audit Engagement in Banks Mr. VIJAYAKUMAR (KVB) Mr. GANAPATHY RAMAN

We request members to logon to http://www.chennaistream.com/sircoficai on both days during the above scheduled time to watch archived CPE seminar and/or thereafter at your leisure to earn your complimentary unstructured CPE credits. The CPE learning activities, which are eligible for CPE Credit hours are divided into Structured Learning Activities (SLAs) and Unstructured Learning Activities (ULAs). Viewing of programmes hosted on the web channel of ICAI is eligible for due CPE credits. The members are required to submit a Self-Declaration Form to the concerned Decentralized Office once in a year to avail the CPE Credit hours for the ULAs undergone by them. Kindly give us due prospects by sending your reflections on archival webcasting by return mail tosirc@icai.in; for us to perk up on future webcast. SIRC of ICAI eagerly expects your virtual company.

CS Final - FTFM - Module 2 - Paper 3 - Theory Questions

Folks,

Herewith I have given the link for downloading the file containing the theory part of FTFM relevant to CS Final Paper 3 Module 2, in simple easy english to comprehend for due presentation in exams.

https://sites.google.com/site/gkr8164/ftfm/FTFMTheory-CSFinal.ppt?attredirects=0&d=1

Happy Reading

GKR

Last Minute Revision for CS - FTFM

Folks,

Herewith I have attached a link which contains the revision test papers for last minute revision for CS Final FTFM.

The revision papers contains 30 pages, 20 questions and respective answers.

To download kindly click the link below and save as.....

https://sites.google.com/site/gkr8164/ftfm/23422rtpfinanewnov2011_2.pdf?attredirects=0&d=1 

Happy Reading

GKR

Crash Course - 2 Days - CS Final - FTFM

Folks,


I am handling Crash Course for CS Final - Professional Programme (Module - II): Financial Treasury and Forex Management for Two Days on December 3rd and 4th 2011 at Bangalore.


The classes will be from morning 9 am to eve 5 pm on both days.


Please call CS. Sundaresan in Bangalore for more details: +91 98800 26296


Hope to see you guys there.


Will discuss the 

• Methodology of answering the Question Papers
• Techniques for remembering the formulas
• Shortcuts for understanding the computations
• Time Management to finish the paper in 3 hours
• Past Question papers solved for gearing up
• ........

Best Wishes.

GKR

Compliance under Prevention of Money Laundering Act - Anti Money Laundering and Combating Financial Terrorism

Folks,

A 76 minutes and 57 seconds presentation made by me on "Compliance under Prevention of Money Laundering Act - Anti Money Laundering and Combating Financial Terrorism" in Residential Seminar on 11th and 12th November 2011 at DCW Limited, Sahupuram, Tuticorin (Organised by SIRC of ICAI and Hosted by Tuticorin Branch of SIRC of ICAI) was webcasted live. The archives of the presentation is available in the link given below:
http://www.chennaistream.com/icaituticorin/

Alongwith me the following speakers also presented papers on various emerging topics:
CA. Chinnsamy Ganesan
Advocate Vaitheeswaran Krishnamurthi
CA. Divakar Vijayasarathy
CA. P.Veeramuthu Rajarajeswaran
CA. E. Phalguna Kumar

Kindly go through the above presentation and give your feedback/comments.

Following are few comments given by viewers:

Fantastic webcasting of the seminar. Extremely useful. Suggest this should be done for every program conducted by ICAI so that Members can participate remotely and benefit. Topics discussed are contemporary. Faculty - especially Mr. Chinnasamy Ganesan, Gopalakrishna Raju were highly knowledgeable and impressive in delivering lectures. Congratulations and Good Wishes on this welcome initiative. 
S.Ananthakrishnan - Secunderabad,India, India
Sat, 12 Nov 2011 14:03:55 IST

Presentations by CA Gopal Krishna Raju on both the days were very good. Some of the aspects in the PMLA which he elaborated were really helpful. Compliments to him and to the SIRC Tuticorin Chapter
V.S.NARAYANAN(20328) - CHENNAI, INDIA
Sat, 12 Nov 2011 11:13:28 IST

Regards,

GKR

Erode Branch of SIRC of ICAI - Advanced Excel for Chartered Accoutants

Myself, Chairman of Erode Branch CA. Suresh Kumar and Secretary of Erode Branch

Am pleased to be honoured by a senior member of Erode Branch

 Opening Remarks

 In the ITT Training Lab with members of Erode Branch

Mutual Fund Taxation

Hi Folks,

IFA Galaxy Knowledge Summit 2011 held on Friday 14th October 2011 in Chennai at Hyatt Regency, Mount Road. (IFA GALAXY is a group of Independent Financial Advisors having online membership across India.)

Webcast from IFA Galaxy Summit - 2011 is available in the following link

http://www.ifagalaxy.com/2011/livevideo.php

Kindly browse through for my 29.25 minutes presentation on "Mutual Fund Taxation" and post your comments, if any.

Me and Montek

Regional Council Members of SIRC of ICAI, Central Council Member CA. Rajendra Kumar. P alongwith CA. G. Ramaswamy, President, ICAI, Dr. Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, Government of India and Shri Mani Sankar Aiyar, MP, Rajya Sabha on the occasion of V. Sankar Aiyar Memorial Lecture (IV) organized on 19th October 2011 at Nungambakkam, ICAI Bhawan, Chennai.

I am standing first from the left side.

Strategic Management - Change in Question Paper Pattern

Announcement


Integrated Professional Competence Examination [Paper 7  - Section B] and Professional Competence Examination [Paper 6 - Section B] 

Strategic Management

The  students of Integrated Professional Competence  Course  [Paper 7  - Section B  – Strategic
Management] and Professional Competence Course [Paper 6 - Section B – Strategic Management] may
note that there will be no Case Study (carrying 15 marks) in the examinations.
Instead of the Case Study a compulsory question containing five sub-divisions carrying three marks each
would be included to cover maximum possible topics from the syllabus.
The new pattern of the question paper shall be applicable from November, 2011 examinations.

Director, Board of Studies, ICAI

Courtesy: www.icai.org

Erode Branch of SIRC of ICAI - CA Career Awareness Program - KSR Group of Institutions - Tiruchengode (20 Kms from Erode, Namakkal District)

Folks,

On 25th Thursday, I was in Tiruchengode, an Educational Town in the District of Namakkal in Tamilnadu. Hardly 20 Kms from Erode.

Alongwith with me the Chairman of Erode Branch CA. CP Suresh Kumar, Secretary of the Branch CA. Thangavel and SICASA Chairman CA. Ayub and Three other members were present on behalf of the Erode Branch of SIRC for Career Awareness about CA to students of M/s. KSR Group of Educational Institutions, Tiruchengode.

Close to 300 students attended in a closed A/c auditorium. The session started by 10:30 am with a prayer and immediately after few minutes of introduction the floor was handed over to me.

I was well prepared with powerpoints, video shots and slide shows on motivating and interesting facts for the students.

Close to two hour, the session rolled over like a smoothie. I don't know whether i deserve it, the session ended with a standing ovation.

Later, after lunch met the Chairman Shri. KS Rangaswamy in person alongwith all the dignitaries of the Erode Branch.

GKR

Frequently Asked Questions on verification of marks (An ICAI initiative)

Frequently Asked Questions on verification of marks

1. What is meant by verification of marks?
The process of verification of marks covers the following:
Checking:
 Whether the answer book(s) compilation is complete
 Whether any question or part thereof has remained unvalued
 Whether there is any totaling error in any question or total marks on the cover page
 Whether there is any discrepancy between the marks for each question and or/part thereof and marks for each question indicated on the cover page of the answer book
 Whether the handwriting of the candidate in all the answer books is the same.
However, revaluation of the answer book is not permitted under the Chartered Accountants Regulations, 1988.

2. What is the procedure for verification of marks?
A candidate can apply for verification within 30 days from the date of declaration of results, necessarily in his own handwriting, giving specific details of the following along with the requisite fees:
 Exam
 Roll No
 Paper(s)/subjects to be verified
 Student Registration No
 Address for communication
The application for verification of marks must be in the handwriting of the candidate. If the candidate had appeared in Hindi medium, his/her application should be in Hindi.Typewritten applications will not be entertained.
There is no standard format as such for such application. However, the application
should be duly signed by the candidate.
Candidate should not write their e-mail IDs or mobile number or landline numbers in
such verification requests.

3. Where should the application be sent:
The application for verification along with the fees should be sent so as to reach us within a period of one month from the date of the declaration of results, at the following address:
The Additional Secretary, (Exams)
The Institute of Chartered Accountants of India
ICAI Bhawan
Indraprastha Marg
New Delhi 110 002

4. What is the fees for verification of marks?
 For Final, PCE, IPCE/ATE/Units-Rs 100/- per paper subject to a maximum of Rs 400/- for all the papers of a group/both groups.
 For CPT: Rs 200/-.
 For Post qualification courses ISA, DIRM, ITL&WTO, MAC/TMC/CMC: Rs 500/-

5. What is the mode of payment of the verification fees?
The verification fees is payable by way of a demand draft drawn in favour of “The Secretary, The Institute of Chartered Accountants of India” payable at New Delhi and sent along with the application for verification.

6. How long does it take to get verification result?
The verification process is meticulously drawn up exercise and it therefore takes time which may run to about 6-8 weeks. Though it will be our endeavour to inform the outcome of verification in respect of an exam at the earliest, yet the same cannot be assured, due to time consuming processes involved. However, all such candidates who do not receive the response latest upto 10 days before commencement of the next exam, may send an email to the exam dept. at the contact details as given below.

7. What are the possible outcomes, that may arise out of verification of marks:
The verification exercise may result in
 No change of marks
 Increase of marks, impacting result or exemption in one or more papers
 Decrease of marks
The outcome of the verification exercise is hosted on our website www.icai.org and a written communication is also sent to the candidate concerned, at the address mentioned by him/her in his/her application.   In case of revision of marks, a revised mark statement/result ( as the case may be) is also communicated to the candidate.

8. Can a candidate get a refund of verification fees in case of change in marks pursuant to the verification?
Yes. In case of change in marks, the verification fee is refunded to the candidate automatically.  There is no need to make a separate claim for refund.  In case, he/she had also applied for the next exam, pending the outcome of the verification and the outcome of verification results in his passing the earlier exam, the examination fees paid by him/her for the next exam is also refunded.

9. I have not received any communication from the Institute regarding my application for verification of marks of the previous exam, so far.  However, the last date for submission of application form for the next exam, is fast approaching.  Should I apply for the next exam or not?
You may submit your examination form for the forthcoming examination, if you so wish, pending receipt of the outcome of verification of answer books of the earlier exam.

10. How does a candidate contact the Institute to check the outcome of his/her verification application?
The outcome of the verification will be hosted on our website www.icai.org and a written communication will also be intimated to the concerned candidates individually. The candidates are advised to check the website of the Institute from time to time regarding the outcome. They can also send an email at the following email IDs, as per the exam:
cpt_exam@icai.org
pce_examhelpline@icai.org
ipce_examhelpline@icai.org
final_examhelpline@icai.org
dms_examhelpline@icai.org


Disclaimer: Please note that this paper is merely an attempt to provide answers to questions on the subject, posed to us, by the candidates from time to time, to the extent possible and with reference to the extant scheme of examination.  However, this compilation is neither exhaustive not does it purport to be a source of complete information on the subject. Hence, candidates are advised, in their own interest, to refer to the “Guidance Notes” supplied along with the examination application form, besides referring to the Chartered Accountants Regulations, 1988.

Courtesy: Examination Committee, ICAI

CPE Program Handled by CA. GOPAL KRISHNA RAJU - so far

Folks,

Herewith I have given the list of programs handled by me so far at various forums:

CPE Programs handled by CA. GOPAL KRISHNA RAJU
S.No	Date	Place	Topic	CPE Hours
1	24th February 2007	CPE Study Circle of SIRC of ICAI – Tambaram (Chennai) - Tamilnadu	Income Tax Ombudsman – An Alternative Dispute Redressal	2
2	28th July 2007	CPE Study Circle of SIRC of ICAI – Tambaram (Chennai) - Tamilnadu	Practical Issues in Income Tax e-Filing	2
3	Saturday 8th September 2007	SIRC of ICAI - Nellore Branch, Andhra Pradesh	CPE Conference – NRI Investments & Taxation with special reference to FEMA	6
4	Saturday 22nd September 2007	CPE Chapter of SIRC of ICAI – Davangere, Karnataka	Capital Markets Recent Trends – Accounting and Tax Implications	4
5	Friday 28th September 2007	SIRC of ICSI – Chennai	Study Circle Meeting - Issues relating to transfer of Immovable properties in India by NRI, PIO, OCB & Foreigners – and its Tax Implications	2
6	Saturday 22nd December 2007	Trivandrum Branch of SIRC of ICAI	Taxation of Non-Residents	2
7	Saturday 26th January 2008	CPE Study Circle of SIRC of ICAI – Tambaram (Chennai) - Tamilnadu	MS Excel as an Audit Tool	4
8	Saturday 26th April 2008	Calicut Branch of SIRC of ICAI	CPE Seminar on AS-15 and AS-28	3
9	Thursday 15th May 2008	Trivandrum Branch of SIRC of ICAI	RTI – Role of Chartered Accountants	3
			Latest circulars in TDS
10	Saturday 18th October 2008	SIRC of ICSI - Chennai	Half a day seminar on – Professional opportunities for company secretaries – Section 288 – Authorized Representative under  Income Tax Act, 1961	3
11	Saturday 27th December 2008	CPE Study Circle of SIRC of ICAI – Tambaram (Chennai) - Tamilnadu	Full day CPE seminar – Annual Day of Tambaram CPE Study Circle – The Companies Bill, 2008	6
12	Saturday 22nd November 2008	Calicut Branch of SIRC of ICAI	Limited Liability Partnership – Chartered Accountant’s role and prospects	3
13	Saturday 7th March 2009	Trivandrum (Kerala) Branch of SIRC of ICAI	MS-Access as an Audit Tool	3
14	Saturday  6th March 2010	Tirunelveli (Tamilnadu) Branch of SIRC of ICAI	Systems Audit and Core Banking	6
			Full day CPE Seminar on Bank Branch Audit
15	Saturday 13th March 2010	Hubli (Karnataka) Branch of SIRC of ICAI	Full day CPE Seminar on Bank Branch Audit
			Audit in CBS Environment,	6
			LFAR, Ghosh Jilani and MITRE Committee Recommendations
16	Wednesday 17th March 2010	Kannur (Kerala) CPE Chapter of SIRC of ICAI	Half Day CPE Seminar on Bank Branch Audit
			Audit in CBS Environment,	4
			LFAR, Ghosh Jilani and MITRE Committee Recommendations
17	Friday 19th March 2010	Davangere (Karnataka) CPE Chapter of SIRC of ICAI	Half Day CPE Seminar on Bank Branch Audit
			Audit in CBS Environment, LFAR, Ghosh Jilani and MITRE Committee Recommendations	4
18	Saturday 20th March 2010	Belgaum (Karnataka) Branch of SIRC of ICAI	Half Day CPE Seminar on Bank Branch Audit
			Audit in CBS Environment	6
			Detection of Frauds in Banks
19	Saturday 27th March 2010	Nellore (Andhra Pradesh) Branch of SIRC of ICAI	Half Day CPE Seminar on Bank Branch Audit
			Audit in CBS Environment	6
			Detection of Frauds in Banks
20	Wednesday 28th April 2010	Trivandrum Branch of SIRC of ICAI	Foreign Contribution Regulation Act – Role of CAs
			Compliance of provisions relating to Anti Money Laundering	6
21	Saturday 12th June 2010	Kannur (Kerala) CPE Chapter of SIRC of ICAI	Limited Liability Partnership Act, 2008	3
22	Friday 16th JULY 2010	Calicut (Kerala) Branch of SIRC of ICAI	CPE Programme: Foreign Contribution Regulation Act, 1976, Prevention of Money Laundering Act, 2002	3
22	Friday 16th JULY 2010	Calicut (Kerala) Branch of SIRC of ICAI	Investors Awareness Programme  1. Utility Role of Professionals for Small Investors 2. Commodity Markets in India	2
23	Sunday 18th JULY 2010	Two Day National Conference - Organized by: Committee on Economic, Commercial Laws & WTO of ICAI - Hosted by: SIRC of ICAI, Chennai	Anti Money Laundering  / Combating Financial Terrorism - Compliance under PMLA for Financial Sector	2
24	Friday 6th August 2010	Three Day Regional Residential Seminar at Courtrallam - Hosted by Tirunelveli Branch of SIRC of ICAI	LLP - Multi Disciplinary Firms	2
24	Saturday 14th August 2010	Half Day CPE Program - Visakhapatnam Branch of SIRC of ICAI	Advanced Excel for Chartered Accountants	3
25	Wednesday 25th August 2010	SIRC of ICAI - Chennai	HUF and Tax Planning	3
26	Monday 7th December 2010	SIRC of ICAI - Chennai - CPE Program on Audit Excellence	Audit of Small Entities and CARO 2003	3
27	Wednesday 22nd December 2010	CPE Program - Hyderabad Branch of SIRC of ICAI	FCRA 2010	2
28	Wednesday 16th February 2011	CPE Program - Hyderabad Branch of SIRC of ICAI	Business Continuity Planning for CA Firms	2
29	Friday 18th March 2011	CPE Program - Calicut Branch of SIRC of ICAI	Audit under CBS Environment	2
30	Monday 11th April 2011	CPE Program - Tuticorin Branch of SIRC of ICAI	Taxation of Charitable Trusts and Non-Profit Organisation under Direct Tax Code	4
31	Friday 22nd April 2011	Full day CPE Program - Erode Branch of SIRC of ICAI	Advanced Excel for Chartered Accountants	6
32	Wednesday 27th April 2011	CPE Study Circle - SIRC of ICAI - Chennai	LLP - Multi Disciplinary Firms, Taxation Aspects	3
33	Saturday 7th May 2011	CPE Program - Erode Branch of SIRC of ICAI	Limited Liability Partnership - Multi Disciplinary Firms, Taxation Aspects	3
34	Thursday & Friday 12th and 13th May 2011	CPE Program - Guntur Branch of SIRC of ICAI	Advanced Excel for Chartered Accountants	12
35	Saturday 4th JUNE 2011	CPE Program - Erode Branch of SIRC of ICAI	Capital Receipts vs. Revenue Receipts  AND Business Income vis-à-vis Other Income	2
36	Saturday & Sunday 25th & 26th JUNE 2011	CPE Program - Tuticorin Branch of SIRC of ICAI	International Taxation - First Impressions and Article 10, 11, 13, 14 & 15 - Dividends, Interest, Gains and Personal Services	12
37	Saturday 9th July 2011	CPE Program - Nellore Branch of SIRC of ICAI	Foreign Contribution Regulation Act, 2010 and Foreign Contribution Regulation Rules, 2011	3
38	Friday 22nd July 2011	CPE Program - Vijayawada Branch of SIRC of ICAI	(1) Foreign Contribution Regulation Act, 2010 and Foreign Contribution Regulation Rules, 2011             (2) Procedure for Bulk filing of XML (for Income Tax ITR e-filing)	4
39	Saturday 23rd July 2011	CPE Program - Rajamahendravaram Branch of SIRC of ICAI	XBRL - Way Forward	2
40	Saturday 6th August 2011	CPE Program - Pondicherry Branch of SIRC of ICAI	XBRL - Way Forward	2