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The study of UK senior executives, titled ‘Corporate Responsibility and the Modern Business Leader’, found that:

• Employees expect the business that they work for to adopt a like-minded approach to the environment, community welfare, sustainability, employee diversity and work/life balance.
• Younger employees are more concerned with their employer’s corporate responsibility activities than ever before.
• Senior managers agreed that staff often drive the corporate social responsibility programme ‘from the ground up’, particularly within SMEs.
• Organisations have responded to corporate social responsibility demands as a way to retain good people and foster a positive culture.

Click here to read more - Study by Robert Half

While all these funds will have to appoint custodians for the safe keep of property titles, the units of these funds will be listed on stock exchanges and traded on the basis of the net asset value of the scheme. No mutual fund house has, so far, come out with real estate funds as there is ambiguity on the valuation process of underlying properties.

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Regards,

Santosh Puthran

1. Tag “Jobs” on MA blog

Superannuation industry(supervision)act1993 and its regulation 1994 following is the criteria for audit of accounts:

• Any of the following persons.
• A member of ICAA, ICPAA, NIA.
• A registered company auditor
• A member of the association of taxation and management accountants.
• A member of national taxation agents and accountants association.

Auditor general of the commonwealth.

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I was doing a google search on “name change icwai” and came across Sunil’s blog. It is very informative. Visit http://cmasunil.blogspot.com/

I have been visiting the ICWAI website quite often to see any updates and it has been improving a a lot. Last week, Mr Ramesh Joshi, in one of his mails had asked the members to post a feedback about the website. I posted a feedback and to my suprise Mr S C Gupta responded in a day. Nice work office bearers of the institute.

1. Practising Members Directory: I feel that Institute should have encourage the practising members to have their website. It is a must in today’s world. Any one visiting ICWAI website and then short listing any firm should be able to know about the profile of firm on the looking at the website.

2. Knowledge Bank: This section is very good. However it needs to be better organised.
3. Resources / Downloads: Resources/Downloads should be combined with Knowledge Bank since they both are similar.
4. Code of Ethics: This is a must on the ICWAI website and it is there. This should be in html format instead of download.
5. Job Opportunities : This section needs a lot of improvement. The Jobs available should have a mailing alerts for those members who subscribe to it. So any new jobs posted, members should get a notification. Then they can apply for a suitable job. The employers will be happy when they get responses.
6. ICWAI Act/Rules : I am very happy to see this information in an electronic form. I feel this should be available on About Institute Page instead of being on the drop down list on the Members Page.

1. President’s Message: ICWAI should be the first to have video messages on the website. President’s message should be available as a video message on the website, so that members and students can see him talking. (Of course recorded video message).
2. Continuous Professional Development (CPD): CPD courses should be available online followed by multiple choice questions to answer. This will ensure that members are completing their CPD requirements.
3. IT infrastructure: ICWAI should improve the IT infrastructure and have a call center to answer all the queries from students and members. The first level queries should be address by the call centre. To have Regional Offices to answer the questions is now an outdated approach and expensive.
4. RSS Feeds: Most of the websites are having RSS feeds. Even MA Blog has one. Subscribing to the feed will help you to remain updated regarding new developments on the website. ICWAI site should have one.
5. Email ids: All the employees/office bearers should have a proper email ids and not vsnl.in or gmail.com etc. This does not show institute in good light.
6. Management Accountant Journal: The journal needs a lot of improvement and it is B/W for so many years. The internet edition should be glossy, since there is no additional cost for printing. In order to save costs, Institute may have an option for members to opt out of the printed edition.
7. Regional Office/Chapter Office websites should form part of ICWAI website. This should be as a sub-domain for main website e.g. http://wirc.myicwai.com and not an independent website.

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1. Management Accounting Guidelines of CMA Canada
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7. Books on Audit

• At least one director will have to be a resident
• Disclosure norms like that of domestic entities
• Silent on ‘place of business’ and winding up of businesses

I think ICAI has gone into a publicity mode and spending lots of money. The plus point is that people will tend to know about the Institute and members of the institute. Delegate from across the middle-east will immensely benefit the ICAI community.

The seminar is only 20 days away and you find that 80% of the speakers are awaiting confirmation !!! Last but not the least…. the music concert by Sonu Nigam …. a vow factor after a lot of financial topics. Let’s see who makes the more impact in new ….. Sonu Nigam or our Accountants.

Regards,

Santosh Puthran

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