The National Conference on Urban Co-operative Banks is being organized by Committee for Cooperatives & NPO Sectors (CCONPO), Institute of Chartered Accountants of India on 8th and 9th August, 2014 at ICAI Tower, BKC Mumbai.
The Reserve Bank of India will be joint organizer in the program with ICAI.
Regulators and leaders of UCBs and seasoned speakers from professional field have been invited to address the burning issues pertaining to Urban Co-operative Banks. Delegates from all over India representing various stakeholders are expected to attend the event, claims a press release sent to the Indian Cooperative.
ICAI, the second largest professional accounting body in the world, more than 2.25 lacs members and 12 lacs plus students stands tall next to American Institute of Certified Public Accountants.
Born in 1949 by an act of Constituent Assembly of India (the then provisional Parliament of India), even before the birth of Constitution of India, ICAI is the only licensing cum regulating body of the financial audit and accountancy profession in India.
ICAI has played a remarkable role in socio-economic growth of the country as partner in nation building. During its Sixty Four years old journey ICAI has emerged as premier accounting and auditing body of the country.
In addition to govern the accounting and auditing profession in the country ICAI has been imparting the financial literacy amongst the members of the Institute as well as other citizens through conducting seminars / workshops / conferences and other programmes, says a press release.
The Committee for Co-operatives and NPO Sectors is a central Committee of the Institute of Chartered Accountants of India formed under the regulatory provisions of the Chartered Accountants Act, 1949.
It is a means to provide the members with valuable content of best practices on professional front and to keep them abreast in today’s competitive environment with updating of their knowledge on various issues related to CA profession and others.
The Cooperative sectors no doubt in this scenario has emerged as one of the vibrant sectors of Indian economy, and they have shown the ability to expand their wings far and wide.
The Urban Cooperative Banks (UCBs) are one of the important banking industry players, representing co-operative movement. The UCBs have helped enhance the financial status of individuals who were in dire need of credit. Despite all odds the cooperative banks had risen reasonably well. The sector, which is at its cross roads at this juncture is gearing up to tide over the storm.
ICAI has a good presence spread across India. The Auditors of Cooperatives are getting increased responsibility of reporting in depth on functioning of cooperatives under their audit. ICAI rEGION OFFICES and Metro Chapters should organise all over India on the same day a one day free entry seminar for Office bearers of Cooperatives for spreading awareness of new scope of Audit. The same day all India is to create Impact through Publicity.