My dear Members,
In continuation of my message in November, 2020 on social
responsibility activities, the BCA Foundation (BCAF) in association with
the Dharma Bharati Mission (DBM India) has re-launched a social project ‘Chalo
English Sikhayein’ digitally for the benefit of underprivileged children from
vernacular medium schools. As expected, BCAF received good response from
our BCAS family to the appeal to participate in the noble cause to make
a positive impact on the lives of students. BCAF would also contribute
to donate digital assets to schools for use by the students for the above
project. I appeal to all of you to contribute for this noble cause and for more
such initiatives to come.
On 26th November, Padma Bhushan Faqir Chand Kohli
(F.C. Kohli), 96, India’s Information Technology (IT) sector pioneer, passed
away. He was a true visionary and was responsible for sowing the seeds of
India’s IT industry through a Startup in 1968, viz., Tata Consultancy Services
(TCS).The current generation is the beneficiary of IT, digitalisation,
artificial intelligence and so on, all of which developed on the foundation
laid by persons like the late Mr. Kohli. How true is the statement by Mr.
Chandrasekaran, Chairman, Tata Sons:
‘He was a true legend, who laid the very
foundation of India’s spectacular IT revolution and set the stage for the
dynamic modern economy we enjoy today.’
The BCAS Diary and pocket diary – conceptualised as a
professional commitment at your fingertips, and the BCAS Calendar, 2021,
articulated with India’s rich cultural heritage, are available for
subscription. These are well-designed professional tools of daily relevance and
much-sought-after as a New Year souvenir by clients, family and friends. May I
appeal to you to book the same in advance?
Forensic Accounting and Investigation (FAI) is a specialised
practice area that has gained momentum in the emerging economic scenario.
Organisations increasingly seek professional help to assess fraud risk, to
discover financial frauds, to assess the quantum of loss / damage caused by
frauds and to collect evidence to quantify and corroborate the loss / damage
caused as a result of frauds. FAI Services are regularly sought by banks,
insurance companies and now even the police.
In keeping with its tradition of making specialised knowledge
accessible to all professionals, BCAS, through its Internal Audit
Committee, has started a long-duration course titled ‘Forensic Accounting and
Investigation Studies’. Launched in association with CDIMS as the knowledge
partner, it is offered as an E-learning course, spanning over 45 hours of
digital learning content. A well-conceptualised training programme, this course
offers an opportunity to acquire specialised skills in an emerging area of
professional practice.
On 9th December we have planned a lecture meeting on
‘Recent Developments in GST Law and Procedures’ by Mandar Telang. The
learned speaker would cover the critical issues related to Input Tax Credit vis
a vis section 36(4), e-invoicing, GST audit, Department audit and so on. It would be a very relevant and
timely programme for professionals engaged in GST compliances.
I am eager to meet you virtually at the 54th BCAS
Residential Refresher Course.
May I suggest that you visit www.bcasonline.org for the
detailed announcements and enrolments?
This is the end of the unprecedented year 2020. My next
communication would be in 2021. The year 2020 has taught us so much. It was a
year of extraordinary experiences on various fronts – health, work, education,
knowledge-sharing and so on. It was a case of a paradigm shift. From the
uncertain times of the pandemic and related anxieties to hope of a vaccine
coming in and which could be the year-end gift to human beings. We should enter
the New Year with hope, new directions and a positive attitude.
I wish all of you a Merry Christmas and a Happy and Healthy New Year
– 2021. Let’s hope that in 2021 we are back to our normal social life with
personal, face-to-face interactions.
Till then, we follow the dictum, ‘We isolate now, so when we meet
again no one is missing!’
Best regards,
Suhas Paranjpe
President
