Page 10 - MA - May 2017

PRESIDENT’S COMMUNIQUÉ

under graduate students. & Frauds above INR 50 crores in the Banking Industry.
Initiatives by various departments of the Institute  Recognition of CMAs by Government, PSUs, Banks
and Other Organizations:
International Affairs Department On representations made by the PD Directorate,
I am happy that the WTO, International Affairs & PEC Ltd. and Noida SEZ Authority have included Cost
Sustainability Committee of the Institute has taken up Accountants in EOIs. Further, the eminent organizations
the task of dissemination of information on relevant like Air Force Station – Pune, MSTC Limited, Odisha
topics through organising the webinars to be taken Mining Corporation Limited, Alcock Ashdown (Gujarat)
up by the domain experts. I am told that the feedback Limited, THDC India Limited, SJVN Thermal Pvt. Ltd.,
of participating members is very encouraging. The Dakshin Gujarat Vij Company Limited, Karnataka
participation of large number of members in these Handloom Development Corporation Limited,
webinar sessions is also appreciated.In continuation to India Trade Promotion Organization (ITPO), Power
the efforts of the committee to connect with the CMA Transmission Corporation of Uttarakhand Limited and
professionals across the globe the committee organised Rural Electrification Corporation (REC) recognized CMA
following webinars for the members: profession in their Tenders/EOIs.
 On ‘Implementing Integrated Reporting’ by CMA
(Dr.) SK Gupta in two parts on 10th and 11thApril  Full Day Seminar on Co-operative audit in
2017 Maharashtra
I am pleased to inform that the PD Directorate
 On ‘Breaking the National barrier and becoming conducted a Full Day Seminar on Co-operative audit in
Global CMA’ by CMA Chandrashekhar S Adawadkar Maharashtra on 14thMarch, 2017 which was very well
on 24thApril 2017 received by the members.

I urge the members to take advantage of this Research and Journal Department
opportunity and enhance the skillset to excel in the I was invited to participate in the 4thPHD Global Rail
challenging environment. Convention-2017 on the theme ‘Indian Railways-“Gati
se Pragati in the Climate of Change” on April 26, 2017
Placement Department at PHD House, New Delhi. We are proud to be associated
As informed through my previous communiqué, the as the Knowledge Partner of the Convention and
Institute organized campus placement program for the released a knowledge report on the said topic prepared
CMAs qualified in December 2016 term examination. by our research team which was highly acclaimed.
I truly thank the corporate leaders on their faith in This Convention was the maiden attempt to create an
our qualified students. I would again like to thank the ideal platform for deliberating on crucial issues and
industry partners for collaborating with the Institute to determine the performance objectives in Indian
over the years. I congratulate all the qualified CMAs Railways with showcasing of the best international
who got placed during this season. I am sure that the practices that can be adopted in the Indian Scenario.
CMAs placed through this campus placement, would Eminent dignitaries from relevant fields attended the
contribute towards the growth of their respective Convention and yielded a plethora of thought provoking
organization and raise the stature of our profession in sustainable solutions for the progress of this Railway
their career. sector.

Professional Development Department Technical Directorate
 Recognition by Indian Bank’s Association for  Cost Accounting Standards Board
Forensic Audit: I am happy to inform that the “Limited Revision of
I am pleased to inform you that based on the Cost Accounting Standards (CASs)” showing clause
representation and follow-up by the PD Directorate by clause changes in the Cost Accounting Standards
Indian Bank’s Association (IBA) has considered the Cost having the impact of IndAs is now available on the
Accountants for empanelment to take up assignments Institute website that can be downloaded. The Limited
relating to forensic audit of Frauds uptoINR 50 crores Revision of Cost Accounting Standards (CAS-6, CAS-

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