The Management Accountant - September 2024
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September 2024 - The Management Accountant
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Vice President, ICMAI, CMA Neeraj D. Joshi, Council
Member, ICMAI, CMA Damodara Mishra, Secretary,
EIRC-ICMAI, CMA Uttam Kumar Nayak, Regional
Council Member & Immediate Past Chairman, EIRC-
ICMAI. The Seminar witnessed an active participation
from more than 150 members. I congratulate CMA
Ramesh Chandra Patra, Chairman and other members
of the Managing Committee of Bhubaneswar Chapter-
ICMAI on the successful conduct of the Seminar.
I wish prosperity and happiness to our esteemed
members, students and their families on the occasion
of Ganesh Chaturthi, Onam & Milad-un-Nabi and wish
them success in all of their endeavours.
With warm regards,
CMA Bibhuti Bhusan Nayak
September 4, 2024
MOU with International Financial Services Centres
Authority (IFSCA)
I am happy to inform that ICMAI has signed
a Memorandum of Understanding (MOU) with
International Financial Services Centres Authority
(IFSCA) on 30th August, 2024 at Gandhinagar, Gujarat.
The MOU was signed by CMA Dr. Kaushik Banerjee,
Secretary, ICMAI and Dr. Dipesh Shah, Executive
Director (Development), International Financial Services
Centres Authority (IFSCA) in the presence of CMA
Ashwin G. Dalwadi, Immediate Past President, ICMAI,
Shri K. Rajaraman, Chairperson, IFSCA, Dr. Dipesh
Shah, ED (Development), IFSCA, CMA Chittaranjan
Chattopadhyay, Chairman, BFSI Board, ICMAI and
CMA Malhar Dalwadi, Former Chairman, Ahmedabad
Chapter, ICMAI.
Through this MOU, ICMAI shall extend cooperation
to IFSCA in developing GIFT-IFSC, as a “Global
Finance and Accounting Hub”, collaborate and cooperate
with IFSCA to facilitate the export of Book-keeping,
Accounting, Taxation and Financial Crimes Compliance
Services from the GIFT-IFSC. It will allow both the
Institutes to jointly organize international and domestic
events including conferences, seminars, and round table
meetings with ICMAI members and industry participants
to increase awareness and promote GIFT-IFSC as a
“Global Finance and Accounting Hub” and it also
allow for jointly participating in international events
and forums for promoting the export of Finance and
Accounting related services from GIFT-IFSC in India.
Both the Institutes may also jointly prepare knowledge
papers/organized studies pertaining to the accounting
framework, incorporating research work and feedback
received from various stakeholders.
Seminar on “Recent Developments in Cost Record,
Cost Report & Performance Report”
I am pleased to inform that the Bhubaneswar Chapter
of the Institute has successfully conducted a seminar
on the theme “Latest Development in the Cost Audit
Framework & ABC for Maintenance of Cost Records
& Cost Audit” on 11th August 2024 at CMA Bhawan,
Bhubaneswar. Shri Babu Singh, Hon’ble MLA, Ekamra
Constituency, Bhubaneswar inaugurated the Seminar as
its Chief Guest. I had the pleasure of participating in
the Seminar along with CMA T C A Srinivasa Prasad,
PRESIDENT’S COMMUNIQUÉ
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