Chairman's Message

CA. BISHAN SHAH,
CHAIRPERSON
Ahmedabad Branch of WIRC of ICAI
"Don't be afraid of failure. Be afraid of being in the exact same place this time next year."

My greetings to all of you at the start of the financial year 2022-23! As we bid farewell to FY 2021-22 with the closing of our books of accounts, our Branch, too, has closed its book of events for the month of March on a great note.

THE BIG ACHIEVEMENT for Ahmedabad Branch this time is that with the tireless efforts of our CCM CA. Purushottam Khandelwal, under the able guidance of Vice President ICAI CA. Aniket Talati- Council has approved the infrastructure project - ICONIC ICAI Bhawan in the meeting held on 25th March, 2022.

We started the month of March with Adv. CA. J.K.Mittal Sir's talk on Practical approach to GST, followed by International women's day celebration week where we had fantastic activities like Biodiversity Walk, Chartered Couple Chef Fireless cooking, Resin Art workshop, Celebrating Woman's Day by Men with a talk show on #BreakTheBias, talk by Dr. Amarjit Singh - Chairman - GujRERA, CA Khushboo Kundalia, Dr. Darshana Thakkar and Prof. Khushbu Chhachani. We also recognised women's invaluable contribution to the profession and their vital role in encouraging aspiring professionals, and we felicitated Senior Women CAs at the Ahmedabad Branch. We also organised virtual CPE Meetings on the emerging area of practice in Valuation. I congratulate MCM, CA. Sunit Shah and Vice-Chairperson CA.(Dr.) IP. Anjali Chokshi for this wonderful start.

We organised a National Conference on Statutory Bank Audit, where we were glad to see enthusiastic participation from more than 400 members at Hyatt. After more than two years, we were able to meet and serve the members physically in such large numbers, and I am glad to share that we were able to generate more than 2000 CPE hours. We also provided the members that had participated in the National Conference with the publication of WIRC on Statutory Audit of Bank Branches - Compilation of Papers 2022.

We have also launched a Bank Branch Audit Help Desk under the leadership of our RCM CA. Hitesh Pomal, Sir, and we request members to take benefit of the same.

Ahmedabad Branch was more than fortunate to felicitate our President, CA. (Dr.) Debashis Mitra and Vice President CA. Aniket Talati of ICAI in the esteemed presence of Chief Minister of Gujarat, Shri Bhupendra Bhai Patel. History is not the burden of anyone, man or women alone, but some are called to meet a special share of its challenges; it is this duty, we must discharge it with dignity, determination, and distinction that are widely admired, and we are sure that we shall witness history under their leadership. Leadership is the cement that seals and intact our profession, and it makes meaningful our relationship with the government, regulators, various stakeholders, and businesses. It is fallen to us to tackle turbulence and multiple challenges, we along with all the members across the state of Gujarat are with our leadership.

My heartiest gratitude to Sr. Adv. Saurabh Soparkar for his Lecture and to CA. R.S Patel Sir and Past President of ICAI CA. Sunil Talati Sir for their kind words during the felicitation of the President and Vice President of ICAI. I express my humble gratitude to all the chairpersons of other branches of Gujarat, various associations, office bearers of ICSI - ICAI-CMA, and office bearers of Rajpath Club, Ahmedabad, for being present at the event and being part of it. I am also very thankful to all the members for gathering in large numbers.

We made an effort to collate IT TOOLS and software made by our members. As a result, we dedicated those IT tools to our President and Vice President, sir. Those members are CA Prasad Akhani, CA Ravi Somani, CA Pratik Kikani, CA Priyam Bhatt, CA Vinit Shah from Baroda, CA Brijesh Mistry. The said tools are available on the Branch's website for the use of members. Ankpal software, developed by CA. Prasad Akhani has given their accounting and compliance software for free to members of the Ahmedabad Branch for the first year and a 70% discount from the next year.

We even had a conference under the patronage of WIRC wherein technical sessions on recent amendments in Schedule III and CARO effective from FY 2021-22 were discussed and deliberated upon so that the members could gain insight and put the recent amendments into application. We were also able to share the knowledge by providing the members that participated in the conference with a complimentary copy of "Handbook on Taxation of Partnership Firms & LLPs- FAQs." Thanks to TEAM WIRC and the efforts of the TEAM - LEAD by Murtuza Kachwala, Chairperson WIRC, for organising this conference and allowing us to host the same. I am thankful to RCM CA. Chintan Patel, MCM CA. Sunil Sanghvi for their efforts in shaping this full-day conference.

Aligning with our theme of the year – TEAM, we had a Conference on Technology aspects of Bank audit with the Auditing & Assurance Standard Board- AASB. It was indeed a great attempt to bridge the knowledge gap, perception gap & regulatory gap. I express my deepest gratitude to the Chairperson, CCM CA. (Dr.) Sanjeev Kr. Singhal and Co-Chairperson CCM. CA. Vishal Doshi of AASB for providing this opportunity and a complimentarily soft copy of all the relevant publications in a pen drive. We appreciate the efforts of MCM. CA. Abhinav Malaviya in coordinating the conference.

We attempted for Campus Articles Placement Program (CAPP), collection of research papers, and recruitment of young CAs at ROC during the month. CAPP was not much successful but we will surely try to place it in better shape next time.

We organised the S. Vaidyanathan Aiyer Memorial lecture meet on Income Tax. In this meeting, CCM C.S.Nanda, Chairperson of DAAB and IASB, was the chief guest and CA. Ajit C. Shah deliberated on the topic of Issues on Taxation of Trust. We had a Know Your Committee meeting, where more than 150 sub-committee members were present. We appreciate the efforts of the secretary CA. Neerav Agrawal for his contribution and support.

Team Ahmedabad Branch had a tremendous energising experience at the Branch Orientation Program and WIRC Members' Meet, which was wonderfully organised under the leadership of WIRC Chairperson Murtuza Kachwala and TEAM, where we exchanged great ideas and had a successful networking experience to serve our members.

We appreciate the efforts of the Chairperson of the newsletter committee CA. Samir Chaudhary.

In March, WICASA also organised several events, such as Ranker's talk and the Industrial visit to Mundra Port, where students had the perfect blend of knowledge and fun. We even had indoor sports events for the students at Eka Club in association with Hyundai. It was indeed a sporty event with students playing in their best competitive spirits. We even had a "Bank Audit Bang" session taken by eminent speakers CA Rajan Shah and CA Vedant Parikh at HLCC, and it was indeed a great learning for the students. With the exams coming up in May, we have even launched Revision lectures, test series – "Pinnacle" where we aim to stand with the students to help them ace their preparations and score well. We appreciate the efforts made by CA. Chetan Jagetiya for the same

The month of April awaits grand festivities for our Branch, and we will strive to bring great learning sessions and fun activities for our members and students.

With best regards,
CA. BISHAN SHAH
CHAIRPERSON,
Ahmedabad Branch of WIRC of ICAI