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7, CAS-12, CAS -16 and CAS 17) and consequential   I am happy to inform that the IPA of the Institute has
          changes in other Cost Accounting Standards (CAS-8,  released its first edition of the Fortnightly Newsletter
          CAS-9, CAS-10, CAS-11, CAS-12, CAS-13, CAS-14,   in the month of April 2017 which is available on the
          CAS-20, CAS-21, CAS-23 and CAS-24) that shall be  IPA website. The next issue is being released shortly.
          effective for the cost statements prepared on or after 1st  The newsletter from IPA gives gist of developments
          April 2017.                                    and updates of Insolvency Profession such Rules and
                                                         Regulations issued by Insolvency and Bankruptcy Board
            Cost Auditing and Assurance Standards Board  of India (IBBI), cases of insolvency admitted by various
           The last date for receipt of suggestions on the draft  benches of NCLT, important news having bearing on the
          “Practical Guide to the Standard on Cost Auditing (SCA)   Insolvency Profession etc. I am sure that this initiative
          101 Planning an Audit of Cost Statements” has been   will help our members and the Insolvency professionals
          extended till 7th May 2017. I urge members to send  enrolled with the Agency.
          their suggestions to the Institute so that this Guidance
          Note can be further improved.  The suggestions of    Webinars
          stakeholders will also enable the Secretariat of CAASB to   A webinar on “Practical Aspects of Insolvency and
          consider them in the comprehensive Practical Guide to  Bankruptcy 2016” was conducted by the CEO of IPA
          the Standards on Cost Auditing (SCAs 101-119), which   of the Institute on 26th April 2017. Another national
          is under preparation.  I further urge Regional Councils  webinar on “How to prepare for limited Insolvency
          and Chapters to arrange study circles meetings or form  Examination” is scheduled to be held on 8th May 2017.
          smaller groups and discussed this draft Practical Guide  The webinar is specially designed to assist the members
          to the Standard on Cost Auditing (SCA) 101 Planning  of the Institute to prepare for the limited insolvency
          an Audit of Cost Statements and send the suggestions  examination. I noted that many of the Cost Accountants
          made by the members in such forums.            who had registered under limited period scheme for a
                                                         period of 6 months are yet to qualify the examination.
          IPA of ICAI                                    Their registration as Insolvency Professionals with
            Seminar for Bankers                         Insolvency and Bankruptcy Board of India (IBB) shall
           I am thankful to Dr. M.S. Sahoo, Chairperson   expire on completion of 6 months from the date of their
          of  Insolvency and Bankruptcy Board of  India for  registration with IBBI. I urge them and other members
          being Chief Guest in a “Seminar on Insolvency and  to attend the said webinar in large numbers as it would
          Bankruptcy Code 2016- Practical Aspects for Bankers”  immensely help them in qualifying the exam thus enter
          held  on  21stApril  2017  at  Kolkata  jointly  by  Head  into this profession of IPs and explore the benefits
          Quarters and EIRC of the Institute. I am also thankful to  offered by it.
          Shri V.P. Singh, Judicial Member of NCLT Kolkata Bench,
          Smt. Rekha Warriar, Regional Director of  Eastern    International Conference on “New Corporate
          Region Reserve Bank of India were Guests of Honor.  Insolvency Regime”
          The CEO, IPA of the Institute and Dy. General Manager,   I happy to inform that the IPA of Institute was associated
          IBBI were eminent speakers in this program. Dr. M.S.  with ASSOCHAM for the International Conference on
          Sahoo, Chairperson, IBBI also released the Institute’s  “New Corporate Insolvency Regime”Ushering an Era
          publication on “Insolvency and Bankruptcy Code 2016-   of Change, supported by Insolvency and Bankruptcy
          Practical Aspects for Bankers”. The program was very  Board of India and the UNCITRAL, and partners of the
          well received and appreciated by the Bankers. Many  conference were INSOL India, the leading insolvency
          such programs may be arranged by Regional Councils   industry advocacy body and SIPI – the newly set up
          and Chapters for Bankers to make them familiarize  think tank on insolvency. The International Conference
          with the provisions of  Insolvency and Bankruptcy  was held on 28th and 29th April, 2017 at Hotel The
          Code affecting the Banks and also with the skills and   Ashok, New Delhi. The conference was an effort to
          capabilities of Cost Accountants who are working as   sensitize the Corporate India about the principles of the
          Insolvency Professionals.                      IBC; share global best practices with them and obtain
                                                         market feedback on regular basis. The Chief Guest of the
            Fortnightly Newsletter of IPA               Conference was Shri Arjun Ram Meghwal, Minister of

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