sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 5 mistakes you should avoid while filing income tax returnsa
 Income tax exemption, relief for farmers? 5 expectations from interim budget 2019
 PCIT vs. Perfect Circle India Pvt. Ltd (Bombay High Court)
 The National Company Law Tribunal (Amendment) Rules, 2019 notified
 Get income tax refund in one day from 2020
 Your ITR filing will soon get processed in just one day
 Here's how These new tax laws allow you to save more tax in FY2018-19
 Income tax exemption limit may be doubled to Rs 5 lakh in interim budget
 How to use home loan and rental outgo to save income tax
 Income Tax Department Income Tax Return Statistics Assessment Year 2017-18
 Section 80C limit: Should you use only life insurance to save taxes?

International federation sees larger role for accountants
January, 11th 2007
Pvt sector, Govts told to be accountable and transparent

Professional accountants will have to look beyond number crunching and the private sector for the development of society, according to representatives of the International Federation of Accountants.

Addressing a press conference to outline the agenda of an international conference on the role of accountants in modern times being inaugurated in Chennai on Thursday, Mr Fermin del Valle, President, International Federation of Accountants, said that it is not just the private sector but also the governments that are called up on to be increasingly accountable and transparent. The International Federation is looking at evolving international public sector accounting standards.

With technology playing a central role in industries, accountants must be prepared to provide services in the technology environment. They need to familiarise themselves with `non-financial information' such as in marketing, human resources and technology. All these impact the numbers, he said.

For SMEs

Accounting standards are also being developed for small and medium enterprises, he said.

Along with the international conference, the small and medium practices committee of the IFAC will also meet here. The committee representing the interests of the accountants dealing with small and medium enterprises provides inputs to the IFAC on evolving policies.

Mr Ian Ball, Chief Executive, International Federation of Accountants, said that transparency and accounting standards for local bodies and governments are an emerging issue.

While the private sector has been enhancing its standards and transparency, the public sector has lagged on this issue.

Role of CAs

Mr T.N. Manoharan, President, the Institute of Chartered Accountants of India, said that the role of chartered accountants is expanding. Now the firms can set up multidisciplinary partnership firms to provide legal and secretarial services apart from accounting.

The institute is in the process of identifying the areas in which such partnerships can be formed.

Over a 1,000 delegates including international participants are expected to participate in the 3-day international conference - Role of profession in new milieu.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions