12 JULY:The Institute of Chartered Accountants of India launched an IT initiative on Saturday to provide the latest software for providing business assurance practice which is expected to help small-time practitioners to offer consultancy services to SMEs.
ICAI has launched the initiative in collaboration with Tally, an accounting solution provider, to provide information system audit, ERP consulting, business process re-engineering etc.
This will help the small and medium practitioners (SMPs) to offer consultancy services to small and medium enterprises (SMEs), which can not afford big accounting firms, for their accounting needs.
"This would enable CAs not only in ensuring compliance of various status, but will also help them offer value added services to clients," ICAI President Ved Jain said in New Delhi on Saturday while declaring the results of chartered accountancy examination.
Only chartered accountants will have access to the client’s data, he said.
Speaking about the other initiatives which the institute has taken, Jain said the three months residential course started by the ICAI for personality development of chartered accountants was a huge success and the second batch of the course was due to start in August.
He also said the construction work for centre of excellence in Jaipur, which the ICAI has taken up for its residential course, will start in August and the Rajasthan government has already allotted land for the same. COURTSEY DD NEWS