I am a Partner at J K V S & CO. I look after Recruitment, Training and Development. I am working here since May 2017.I also look into all ICAI related matters of the firm.
I am a Visiting Faculty in the MCS (Management and Communication Skills) and Orientation courses conducted by The Institute Of Chartered Accountants Of India since 2014. I conduct sessions on weekends.
I worked as Senior Manager at Ray and Ray, Chartered Accountants, Kolkata from June 2016 to May 2017.
I have full-time teachi...
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Partner
May 1983
Introduction Most of the bigger audit firms in India now are not offering non-audit services to audit clients. This is in alignment with the National Financial Reporting Authority (NFRA)'s strict position on violation of Section 144 of the Companies Act. 2013 i.e. conflict of interest issues. S R Batliboi & Co, an EY (one of the Big-4) affiliate and India's largest audit firm, is the only big......
Introduction With massive changes coming out very fast in the way things are happening professionally I feel artificial intelligence (AI) is right on top. I have started researching the impact of AI on auditing, assurance, accounting, fraud detection, and taxation nationally and globally. Reading a lot of articles by professionals in our community defined as CAs and CA students here and abroad h......
Inspired by Ryan Lazanis, CPA AI now is changing the way we (our community defined as CAs and CA students in India) work. It is transforming the industry. We need to understand the importance of - Real life examples of how AI is being used in our profession. How you can start using AI in accounting and auditing right now. The benefits and risks of AI. And a lot more. What is AI in Account......
Introduction With so many drastic changes coming up which largely affects our community (read – CAs and CA students) I was wondering from where I start writing to keep ourselves updated. I read an article by Aniket Talati, President, The Institute of Chartered Accountants of India, recently and got the answer. It is Artificial Intelligence (AI). I read few more articles and......
Introduction This may not be good news for many of us. Yes, our community. Chartered Accountants. Particularly for those who are into practice. But before going further let us take a relook at what has happened over the last five years. A lot has happened since the formation of The National Financial Reporting Authority (NFRA) on 1st October, 2018 by the Government of India under Sec-132 ......
Background The National Company Law Appellate Tribunal (NCLAT) has upheld the penalty imposed by the National Financial Reporting Authority (NFRA) on auditors of Dewan Housing Finance Corporation Ltd (DHFL) observing that it has retrospective jurisdiction in the case of misconduct. To understand this case and what it means when NCLAT can investigate audit misconduct that occurred before it......
CA Freshers and CA Finalists – How Do You Prepare For the Interview Questions? Introduction I have already mentioned in the last article - How to Become a Successful Chartered Accountant? CA Freshers and CA Finalists – How Do You Prepare for the Interview? - that I will be discussing interview questions in this article. I would like to first thank those in our community, defi......
CA Freshers and CA Finalists – How Do You Prepare for the InterviewIntroduction While conducting the ICAI Orientation and MCS classes since 2014 I have the opportunity to see our community defined as CAs and CA students very close. How to prepare yourself to appear successfully in interviews after you qualify as a Chartered Accountant or even before that has been a big headache for all and ......
CA Freshers Interview – How Do You Go About It Introduction While continuing to write and assist our community, defined as CAs and CA students, achieve excellence I continue reading and come out with out of the box ideas from what others have experienced and give my views on how to take it forward. Today we will look at CA freshers and find out how you should prepare for the interviews. CA......
CA Freshers Interview – What does Our Community Say Introduction While continuing my effort to write about how does our community, defined as CAs and CA students, achieve excellence I go on reading and putting forth ideas from what others have written and give my views on the same. Today we will look at CA freshers and find out how they prepare for interviews and get the job they deserve. ......
A Few Important Things to Remember for Interviews for CAs and Articled Assistants I have been trying to help our community defined as CAs and CA students for a long time. One out of the three important things that you need to remember is prepare for interviews. To do this you need not wait till you qualify as a CA. You can start this while you are searching for the audit firm which is the perfect......
#pwcaustralia Partners overlooked violations and breach (read - professional misconduct) of overachievers in pursuit of excellence (read - revenue growth, independent assessment and a lot more). PwC Australia has assured to establish an independent chair above the chief executive and has agreed to other governance changes. This pertains to a report on a scandal involving the misuse of go......
#pcaob Synopsis To protect and shield investors much more than what it is now and something which they richly deserve, the PCAOB proposal will update an antiquated and archaic 20 year old rule. Now this major change will allow the PCAOB to hold associated persons accountable where it has been evidenced over a long period of time that they irresponsibly, directly, and significantly contr......
#pcaob #auditandqualitycontrol #qualitycontrolsystem #qualitycontrolstandards What is PCAOB The Public Company Accounting Oversight Board (PCAOB) supervises the audits of public companies so as to protect investors and assist public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also supervises the audits of brokers and dealers, including complian......
Introduction Our regulator, National Financial Reporting Authority (NFRA), prima facie has no jurisdiction to initiate proceedings for audits before it came into existence in 2018. This is what the Telengana High Court has said while granting a stay last week in a writ filed by auditor P Murali & Co., auditors of Brightcom Group from 2014-15 to 2016-17. They had argued that the audits were co......
We have seen that Byju’s and its CEO and founder Byju Raveendran are occupying centre stage for all the wrong reasons. A lot of water has flowed down the drain since the edtech major occupied top drawer ranking globally among its leading competitors. Introduction Established in 2011, Byju’s introduced its learning app in 2015. The edtech company achieved unicorn status (a valuation ......
What are the announcements for the ICAI November 2023 examination? The official notice mentions that CA Inter and Final Exams would be conducted under the existing scheme of Education and Training. The new scheme includes adjustments to all levels of the course, with changes made to the training procedure and some subjects being merged and reduced. Eligibility criteria, syllabus, exemption......
#suprioghatak #teachingandlearning #icaistudents While going to work today my mind went back a couple of decades to Mumbai. A place where I lived for sixteen years till 2010. After leaving the industry, I decided to pursue full time MBA teaching and training at good business schools in 2005. I started first at ICFAI then at K J Somaiya Institute of Management then at NMIMS Muk......
“Bad advice,” goes the saying. “is often most fatal to the adviser.” With new regulations brought in last week to bring chartered accountants (CA), company secretaries (CS), and certified working accountants (CWA) under the ambit of the Prevention of Money Laundering Act, (PMLA) 2002, the country’s accounting and corporate law professionals may soon be discovering the......
Notices have been sent last week to two big private banks in the income tax (IT) department's investigation into malpractices of commission payments made by insurance companies. Names of the two banks are yet unknown. Investigators are scrutinizing transactions of Rs 60,000 cr plus and investigating suspected evasion of goods and services tax (GST) of Rs 5,500 cr plus. Inflated Payments The IT ......