Home » Technical Articles » Institute of Computer and Finance Executives organises a special workshop on the "Changing Scenario of Auditing & Accounting pattern in India" in Lucknow
Institute of Computer and Finance Executives organises a special workshop on the "Changing Scenario of Auditing & Accounting pattern in India" in Lucknow
The Institute of Computer and Finance Executives (ICFe), the leading provider of training for financial sector, today held a special lecture cum workshop for practicing managers on "Changing Scenario of Auditing and Accounting Patterns in India" at its regional office in Lucknow.
NEW DELHI, INDIA, March 23, 2009 /Technical PR News/ -- ICFe organises a special workshop on the "Changing Scenario of Auditing & Accounting pattern in India"
Mr. Dhruv Aggarwal, Chairman of the Central India Regional Council of Institute of Chartered Accountants of India shares his insights with practicing managers
The Institute of Computer and Finance Executives (ICFe), the leading provider of training for financial sector, today held a special lecture cum workshop for practicing managers on "Changing Scenario of Auditing and Accounting Patterns in India" at its regional office in Lucknow. Mr. Dhruv Aggarwal, Chairman of Central India Regional Council, Institute of Chartered Accounts of India delivered the keynote lecture and urged the need for following the processes and stringent norms for the sector.
"Satyam Fiasco has suddenly bought the focus on the Accounting profession in India. The role of the auditors, chartered accountants and accountants has suddenly begun to be questioned. As leading players in the training for the sector, we believe that it is important to understand the issues involved and prepare the budding accountants for the jobs that they have ahead of them", says Mr. Santosh Mangal, Managing Director, Nexgen Edusolutions, the promoters of the ICFe brand.
The reality is that the auditing and accounting standards are undergoing change at a rapid pace. With International Financial Reporting Standards (IFRS) set to become mandatory from 2011 it becomes even more important for the accounting executives, CA's, Industry and the likes to understand and comprehend the changing Accounting scenario and the consequent change in the auditing environment.
"To prevent Satyam type fiascos the accounting profession has to update themselves to the changed regulatory as well as practiced environment of the accounting profession. At ICFe, our focus is on constantly updating our students with the international best practices in the field of accounting and equipping our students with the right capsule of information", adds Mr. Mangal.
Mr. Dhruv Aggarwal, Chairman, CRIC, ICAI said 'ICFe is the pioneer training institute in the field of accounting. It becomes my pleasure more then my duty to participate in activities of organisations like this which enthusiastically devotes its time and resources to provide real-life examples as part of the students' curriculum and constantly updates them with accounting changes".
The focus of the interaction was on "preventive maintenance" and the precautions and safeguards that the accountants must practice in order to ensure that such frauds do not happen in the future. The accountants must put in transparency into the system, follow processes and ensure that proper monitoring takes place.
About ICFe
Institute of Computer & Finance executives (ICFe) has been in operation since 2004 and provides in-depth practical knowledge to candidates in the field of accounts, taxation, banking, insurance etc. by using latest computerized techniques. The mission of the organization is to prepare and provide competent accountants to the industry.
ICFe has of 63 centers spread across North India and has presence in Delhi & NCR, Rajasthan, Himachal Pradesh, Haryana, Punjab, Chandigarh, Bihar, Uttar Pradesh. Its head-office is located in New Delhi.
An ISO 9001:2000 company, ICFe has already trained more than 12000 students and is a well known partner for corporates looking for quality accountants and finance executives.
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