The Management Accountant - October 2024
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10 The Management Accountant - October 2024
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Professional Development & CPE Committee associated
with PHD Chamber of Commerce and Industry for the
seminar on “Insider Trading, Independent Directors,
Forensic Audit & Fraud Detection” at PHD House, New
Delhi on 20th September 2024 and webinar on “Decoding
54th GST Council Meeting’s Latest Amendments and
Judgements” on 26th September 2024.
During the month of August, around 40 programmes in
Physical mode and around 30 programmes in online mode
were organised by the different Committees, Regional
Councils and Chapters of the Institute on the topics of
Blockchain Technology & Crypto Assets, Handling
Litigations in GST, Financial Independence, Overview of
Product Costing in SAP S4 HANA, Procedural and Practical
insights of SME Listing, Cost Governance, FinTech’s and
their evolution in Indian Banking context, Leadership
Effectiveness and Good Governance in Cooperative World,
TDS and TCS Compliances and Management and so on.
SUSTAINABILITY STANDARDS BOARD
The Sustainability Standards Board had organized the
16th webinar of Vasudhaiva Kutumbakam Series on the
topic ‘Green Costing’ on 13th September, 2024. CMA
Subhasish Ghosh, General Manager, ITC Limited was the
speaker for the webinar. The 17th webinar of Vasudhaiva
Kutumbakam Series on the topic “ESG and PSUs” was
organized on 27th September, 2024. CMA Ram Ganesh
R., Company Secretary, Kerala State Beverages (M&M)
Corporation Limited was the speaker for the webinar.
The last date of admission for the 2nd batch of Certificate
Course on ESG is 15th October, 2024.
The admission link is as follows: https://eicmai.in/
OCMAC/SSB/DelegatesApplicationForm-SSB.aspx
The Sustainability Standards Board released the
September 2024 edition of its monthly newsletter
Sukhinobhavantu. The Download link is as follows:
https://icmai.in/upload/Institute/Updates/SSB_
September_2024.pdf.
TAX RESEARCH DEPARTMENT
The “CMA Tax Volunteer Scheme” has been launched
for CMAs, CMA Students and the general public to provide
their inputs on the proposed changes suggested on the
Income Tax Act, 1961. The last date of submission for
the scheme was 30th September, 2024 and the department
has received quite a few meaningful suggestions. In this
regard, the Chapters of the Institute were also requested
to contribute their views and suggestions in which many
chapters have also contribute positively.
In the month of September, 2024 a very important
workshop was conducted by the Department on the topic,
“TDS and TCS Compliances and Management” during
them concerning restoration of Membership and updating
their communication details. For any further clarification,
it is requested to contact the membership department at:
membership.director@icmai.in and membership@icmai.
in, mentioning the membership number.
PROFESSIONAL DEVELOPMENT &
CONTINUOUS PROFESSIONAL EDUCATION (PD
& CPE) COMMITTEE
New Okhla Industrial Development Authority considered
Cost Accountants Firms for appointment as Internal
Auditor. Further, Gujarat State Handicrafts Development
Corporation Limited also considered Cost Accountants
for Internal Audit.
Please visit the PD Portal for Tenders/EOIs during the
month of September 2024 where services of the Cost
Accountants are required in the West Bengal Power
Development Corporation Limited, Rajasthan Housing
Board, National Health Mission Idukki, Maharashtra
Natural Gas Limited, Himachal Pradesh Power Corporation
Limited, Engineering Projects (India), Rajasthan Urban
Drinking Water Sewerage and Infrastructure Corporation
Limited, Power Grid Teleservices Limited, Cement
Corporation of India Limited (CCI Ltd.), West Bengal
Forest Development Corporation Limited, Haryana Rail
Infrastructure Development Corporation (HRIDC) Limited,
Rajasthan State Cooperative Bank Limited, Fertilisers
and Chemicals Travancore Limited, National Health
Misson Ernakulam, Andrew Yule and Company Limited,
Airports Authority of India Bhopal, Gliders India Limited,
Artificial Limbs Manufacturing Corporation of India,
Webel Technology Limited, Punjab National Bank, etc,.
The Professional Development & CPE Directorate
is currently conducting online preparatory classes for
80 hours to guide the eligible CMA Candidates for the
UPSC Recruitment Test for the recruitment of Assistant
Director (Cost). The curriculum is meticulously designed
to cover all the pertinent topics in the examination syllabus,
ensuring thorough preparation and guidance for nearly
500 candidates by the distinguished panel of experts and
academicians.
The practising members are urged to enroll for the 11th
batch of online Mandatory Capacity Building Training
(e- MCBT) at the earliest to complete their MCBT who
have taken Certificate of Practice (COP) on and after 1st
February, 2019 and have not undergone this training.
In the monthly Series, Professional Development &
CPE Committee conducted 9th Webinar on 4th September
2024, discussion with practitioners on “How to identify
Multibagger Stocks”, wherein CMA Gurvinder Malhotra
made a comprehensive presentation sharing valuable
insights and strategies. The session was very much
appreciated by the participants and Chairman, Professional
Development & CPE Committee also encouraged the
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