BCICAI seminar held

TDT | Manama

The Bahrain Chapter of the Institute of Chartered Accountants of India (BCICAI) organised a virtual seminar on “CA-The Profession of the Future and Future of Internal Audit”. The seminar’s chief guest was Indian Ambassador Piyush Srivastava and the guests of honour were KPMG Bahrain managing partner Jamal Fakhro and ICAI president CA Atul Gupta.

This was also the first seminar organised by BCICAI’s new executive committee under the leadership of chairperson CA Ajay Kumar Chettuvetty. Ambassador Srivastava highlighted the good relations that exist between Bahrain and India and also appreciated the positive role played by Indian chartered accountants.

Fakhro mentioned that the accounting and auditing profession will continue to play an important role in the business community and urged the CA members to uphold the highest standards of accounting and auditing.

Gupta notified the audience of the decision of the Ministry of External Affairs of India that overseas chapters of ICAI will be treated at par with other Apex Trade and Industry organisations for the purposes of economic engagement and consular facilitations.

He also announced that Bahrain will soon be accorded approval as a centre for CA examinations. Chettuvetty expressed his appreciation for the initiatives of the Indian Embassy and hailed the decision of ICAI to roll out the international curriculum of CA by the end of the year.

The panel discussion also brought together the chairpersons of the five regional councils of ICAI in India, including CA Lalit Bajaj (WIRC), CA Dungar Chand Jain (SIRC), CA Nitesh Kumar More (EIRC), CA Devendra Kumar Somani (CIRC), and CA Shashank Agarwal (NIRC). The session was moderated by BCICAI vice-chairperson CA Santhosh TV.

Assure Audit managing partner and Assure Consulting managing director P S Balasubramanyam conducted a technical session on the topic “Future of Internal Audit”. The virtual seminar was attended by over 150 participants.