E-NEWSLETTER

Professional
Pioneers िवकिसत भारत के अ दत
ू
CICASA
JAIPUR
BRANCH
OF CIRC

JUNE
2024

JAIPUR BRANCH OF CIRC OF ICAI

D-1, Jhalana Ins tu onal Area, Jhalana Doongari, Jaipur-302004
From the desk of Chairman

Dear CA Students,

“Chase your dreams but always know the road that will lead you home
again." This wisdom from Indian literature inspires us to pursue our goals while
staying grounded in our values and principles.

The month of June was vibrant and full of opportunities for growth and learning. We
started with the CA Students' Talent Search, featuring a Quiz Competition and
Elocution Competition. It was heartening to see the enthusiasm and intellect of
our participants. Congratulations to Charu Kewalramani and Raina Porwal, who
excelled in the Elocution Competition, and to Dev Sharma and Harshit Sharma,
the champions of the Quiz Competition. Your dedication and hard work are truly commendable.

The 10th International Day of Yoga was celebrated with great zeal. It was wonderful to see 489 participants
come together to embrace a healthier lifestyle. Special thanks to Ms. Nishi Tyagi for guiding us through the
session and reminding us of the importance of mental and physical well-being.

Our Seminar on Basics of GST on Real Estate provided insightful knowledge, thanks to the expertise of CA
Sakshi Jain and CA Vivek Jain. Such seminars are vital for our professional development, keeping us updated
with the latest in the industry.

In our efforts to give back to the community, the Fruit Mania program saw us distributing fruits to the needy.
The Health Talk with Experts was another significant event, spreading awareness about healthy living. Our
tree plantation drive and the Blood Donation Awareness Rally further highlighted our commitment to social
responsibility.

Looking forward, we have exciting plans to continue fostering both professional growth and community
involvement. We aim to organize more technical seminars, health awareness programs, and community
service initiatives. I urge all of you to actively participate in these activities and contribute to our newsletter by
sharing your experiences and insights.

As we move ahead, Stay motivated and dedicated to your journey.

Warm regards,

CA NAVEEN SHARMA
Chairman Jaipur Branch
+91-9928319442
naveen14sharma@[Link]
From the desk of Chairman CICASA

Dear CA Students,

As we conclude another eventful month, let us remember the words from the
Bhagavad Gita: "Karmanye Vadhikaraste Ma Phaleshu Kadachana" – You
have a right to perform your duties, but not to the fruits of your actions. This
reminds us to stay dedicated and focused on our responsibilities without worrying
excessively about the outcomes.

The month of June was filled with remarkable events that showcased the talent
and enthusiasm of our student community. We kicked off with the CA Students'
Talent Search, featuring a Quiz Competition and an Elocution Competition. It
was inspiring to witness the insightful discussions and impressive knowledge
displayed by our peers. Congratulations to Charu Kewalramani and Raina Porwal, the winners of the
Elocution Competition, and to Dev Sharma and Harshit Sharma, the Quiz Competition champions.

Our celebration of the 10th International Day of Yoga was a wonderful experience, with 489 participants
joining us in practicing yoga and promoting a healthy lifestyle. Ms. Nishi Tyagi led the session, reminding us of
the importance of mental and physical well-being in our demanding profession.

In addition, we hosted a Seminar on Basics of GST on Real Estate, where CA Sakshi Jain and CA Vivek
Jain provided valuable insights into this complex subject. Such seminars are crucial for enhancing our
understanding and keeping us updated with current industry practices.

We also had the opportunity to give back to the community through our Fruit Mania program, distributing fruits
to the needy, and our Health Talk with Experts, where we learned about maintaining a healthy lifestyle. Our
tree plantation drive and the Blood Donation Awareness Rally further emphasized our commitment to social
responsibility.

Looking ahead, we have exciting plans to continue fostering both professional growth and community
involvement. Future events will include more technical seminars, health awareness programs, and
community service initiatives. I encourage everyone to actively participate in these activities and contribute to
our newsletter, sharing your experiences and insights.

Remember, as Swami Vivekananda said, "Arise, awake, and stop not till the goal is reached." Let's stay
motivated and dedicated to our journey.

Warm regards,

CA. ANKUR KUMAR GUPTA

Chairman CICASA Jaipur Branch
+91-9461044624
caankurkumargupta@[Link]
From the desk of Secretary

Dear CA Students,

"Your future is created by what you do today, not tomorrow." This profound
thought from Indian philosophy reminds us of the importance of our daily efforts
and actions in shaping our destiny.

June has been a remarkable month filled with dynamic events and activities. The
CA Students' Talent Search, featuring the Quiz Competition and Elocution
Competition, was a fantastic showcase of talent and intellect. Heartfelt
congratulations to Charu Kewalramani and Raina Porwal for their outstanding
performance in the Elocution Competition, and to Dev Sharma and Harshit
Sharma for winning the Quiz Competition. Your dedication and hard work are truly inspiring.

We also celebrated the 10th International Day of Yoga with great enthusiasm. It was encouraging to see 489
participants come together to practice yoga, guided by Ms. Nishi Tyagi. This event highlighted the importance
of maintaining a balanced and healthy lifestyle, both mentally and physically.

The Seminar on Basics of GST on Real Estate was another highlight, providing valuable insights and
knowledge. We extend our gratitude to CA Sakshi Jain and CA Vivek Jain for their expert guidance. Such
seminars are crucial for staying updated with industry developments and enhancing our professional skills.

Our community initiatives, including the Fruit Mania program and the Health Talk with Experts, were well-
received. Distributing fruits to the needy and spreading awareness about healthy living reflect our
commitment to social responsibility. The tree plantation drive and the Blood Donation Awareness Rally further
underscored our dedication to contributing to society.

Looking ahead, we have exciting plans to continue fostering both professional growth and community
involvement. We aim to organize more technical seminars, health awareness programs, and community
service initiatives. I encourage all of you to actively participate in these activities and contribute to our
newsletter by sharing your experiences and insights.

As we progress, let's remember the wisdom of Swami Vivekananda: "Take up one idea. Make that one idea
your life – think of it, dream of it, live on that idea. Let the brain, muscles, nerves, every part of your body, be full
of that idea, and just leave every other idea alone. This is the way to success." Stay motivated and committed
to your journey.

Warm regards,

CA VIJAY KR. AGRAWAL

Secretary Jaipur Branch
+91-9828149043
catvijay@[Link]
From the desk of Member CICASA

Dear Fellow Students,

"The journey of a thousand miles begins with a single step." This timeless wisdom
from Indian philosophy inspires us to take small, consistent steps towards our
goals.

June was a fantastic month for all of us at CICASA. We started with the CA
Students' Talent Search, which included a Quiz Competition and an Elocution
Competition. It was incredible to see the enthusiasm and talent among us. Special
congratulations to the winners of the Elocution Competition and the Quiz
Competition. Your dedication and hard work are truly motivating for all of us.

The 10th International Day of Yoga was celebrated with great zeal. Over 489 participants gathered to practice
yoga under the guidance of our esteemed instructor. This event highlighted the importance of maintaining our
physical and mental well-being, which is crucial for our demanding studies and future careers.

We also had an enriching Seminar on Basics of GST on Real Estate. We are grateful to the speakers for
sharing their knowledge with us. Such seminars are vital for keeping ourselves updated with industry trends
and improving our professional skills.

Our social initiatives this month, like Fruit Mania and the Health Talk with Experts, were very successful.
Distributing fruits to those in need and learning about healthy lifestyles showed our commitment to social
responsibility. The tree plantation drive and the Blood Donation Awareness Rally were also significant steps
towards contributing positively to our community.

Looking ahead, we have exciting plans to continue fostering both professional growth and community
involvement. We will organize more technical seminars, health awareness programs, and community service
initiatives. I encourage all of you to actively participate in these activities and contribute to our newsletter by
sharing your experiences and insights.

As we move forward, let's remember the words of Mahatma Gandhi: "The future depends on what we do in the
present." Stay focused and committed to your journey, and let's continue to support and motivate each other.

Warm regards,

CA Vishnu Agarwal
Member, CICASA Jaipur Branch
+91-9829867493
[Link]@[Link]
OFFICE BEARERS - TERM 2024-25

CA NAVEEN SHARMA
CHAIRMAN

CA VIKAS YADAV CA VIJAY KR. AGRAWAL CA RUCHI GUPTA CA ANKUR KR. GUPTA
VICE CHAIRMAN SECRETARY TREASURER CICASA CHAIRMAN

CA VISHNU AGRAWAL CA KULDEEP GUPTA CA AKHIL BHALA CA YASH GUPTA

MEMBER CICASA EXECUTIVE MEMBER EXECUTIVE MEMBER EXECUTIVE MEMBER

CA PRAKASH SHARMA CA (Dr.) ROHIT RUWATIA AGARWAL

CENTRAL COUNCIL MEMBER, ICAI CENTRAL COUNCIL MEMBER, ICAI

CA AKASH BARGOTI CA ANIL KR. YADAV

CHAIRMAN-CIRC REGIONAL COUNCIL MEMBER, ICAI
REGIONAL COUNCIL MEMBER, ICAI
STOCK MARKET INVESTING
Aashita Mehta
What is stock market? for overall market performance.
The stock market, also known as the equity market, is a 8. Regula on: Stock markets are regulated to ensure
centralized nonphysical exchange market where buyers and fair trading prac ces, transparency, and investor
sellers trade shares of publicly listed companies. Trading of protec on. Regulatory bodies, such as the Securi es
shares majorly involves invi ng of money in various and Exchange Commission (SEC) in the US, oversee
schemes and plans and buying and selling of securi es and compliance with rules and regula ons.
commodi es Here are the key aspects and func ons of the Overall, the stock market plays a crucial role in the economy
stock market: by facilita ng capital forma on, enabling companies to
1. Purpose: The primary purpose of the stock market is grow, and offering opportuni es for investors to par cipate
to facilitate the buying and selling of ownership (equity) in the financial markets.
in publicly traded companies. Investors purchase stocks Size of the market
(shares) to become par al owners of these companies.
The total market capitaliza on of all publicly traded stocks
2. Par cipants: The stock market involves various worldwide rose from US$2.5 trillion in 1980 to US$93.7
par cipants, including individual investors, ins tu onal trillion at the end of 2020.[1]
investors (such as mutual funds, pension funds, and
As of 2016, there are 60 stock exchanges in the world. Of
hedge funds), and corpora ons themselves (through
these, there are 16 exchanges with a market capitaliza on
stock buybacks and issuance).
of $1 trillion or more, and they account for 87% of global
3. Listed Companies: Companies that wish to raise market capitaliza on. Apart from the Australian Securi es
capital by selling shares to the public can list their stocks Exchange, these 16 exchanges are all in North America,
on stock exchanges. Examples of major stock exchanges Europe, or Asia.
include the New York Stock Exchange (NYSE) and the
By country, the largest stock markets as of January 2022 are
NASDAQ in the United States, the London Stock
in the United States of America (about 59.9%), followed by
Exchange (LSE) in the UK, and the Tokyo Stock Exchange
Japan (about 6.2%) and United Kingdom (about 3.9%).
(TSE) in Japan.
In the stock market, there are several types of trading
4. Trading: Stocks are bought and sold through stock
strategies and approaches that investors and traders
exchanges or over-the-counter (OTC) markets.
employ. These types of trading can vary based on the me
Exchanges provide a pla orm for transparent and
horizon, frequency of trades, and investment objec ves.
regulated trading, ensuring fair pricing and liquidity.
Here are some common types of trading in the stock market:
5. Investor Profits: Investors can profit from the stock
1. Long-Term Inves ng:
market through capital gains (selling stocks at a higher Long-term investors typically buy stocks with the inten on
price than purchased) and dividends (periodic of holding them for an extended period, o en years or even
payments made by some companies to shareholders). decades. They focus on fundamental analysis of companies,
looking at factors such as financial health, growth prospects,
6. Risk and Reward: Inves ng in stocks carries risks, and industry trends. Long-term investors aim to benefit
including price vola lity, market fluctua ons, and from capital apprecia on (growth in stock price) and
company-specific risks. However, historically, stocks dividends over me.
2. Day Trading (Futures and op ons):
have offered higher returns over the long term
Day traders aim to profit from short-term price fluctua ons
compared to other asset classes like bonds or cash. in stocks, o en within the same trading day. They use
7. Market Indices: Indices such as the S&P 500, Dow technical analysis and short-term trading strategies to
capitalize on intraday price movements. Day traders
Jones Industrial Average (DJIA), and FTSE 100 track the
typically close all their posi ons by the end of the trading
performance of groups of stocks, providing benchmarks day to avoid overnight exposure to market risks.
3. Swing Trading:
Objec ve: Swing traders hold stocks for a few days to
several weeks, aiming to capture short- to medium-term
price swings. They combine technical analysis with market
momentum and pa ern recogni on to iden fy entry and
exit points. Swing traders seek to profit from both upward
and downward price movements during a trend or a
"swing" in the stock's price.
4. Posi on Trading:
Posi on traders take posi ons in stocks based on longer-
term trends and market fundamentals. They analyze
broader economic trends, company fundamentals, and
technical indicators to make investment decisions .
Posi on traders typically hold stocks for weeks, months, or
even years, aiming to benefit from sustained trends and
major price movements.
5. Algorithmic Trading (Algo Trading):
Algorithmic traders use computer algorithms to execute
trades automa cally based on predefined criteria.
Algorithms may be based on technical indicators,
sta s cal models, or arbitrage opportuni es. Algo traders
aim to capitalize on market inefficiencies and execute
trades at op mal prices and speeds, o en in large
volumes.
6. High-Frequency Trading (HFT):
High-frequency traders use algorithms to execute large
numbers of trades in milliseconds or microseconds. HFT
relies on ultra-fast data processing and connec vity to
capitalize on small price discrepancies. HFT firms aim to
profit from short-term market inefficiencies and liquidity
imbalances.
These types of trading vary in terms of risk tolerance, me
commitment, and skill requirements. Investors and traders
o en choose a strategy based on their financial goals, risk
appe te, and exper se in market analysis.
Industrial Change: A Necessity

Himanshu Sharma
I'm glad we all aspire to contribute a lot towards our knowledge of internal controls, have the best-case scenario
na on and businesses. to provide the service of Data Analysis by pu ng important
From accoun ng to audi ng, we're skilled in many fields insights from informa on collected at all levels of the
and never let any opportunity untapped. organiza on. Here lies an opportunity to be served by
I would like to draw your a en on towards another presen ng professional reports through analysis and
upcoming opportunity i.e., Data Analysis services which is interpreta on of key measures of the organiza on.
going to play a crucial role in the industry in nearby future.
The businesses we see in our work is like an unexplored oil For Example:
well, where the raw and unused data of that business needs 1. ABC analysis of top selling products and services
to processed to unleash the real value. Also, it is rightly said 2. Customer feedback to Process improvements
by Mr. Mukesh Ambani that “Data is the new oil” signalling a
3. Alloca on of Expenses
strategic shi toward harnessing the power of data to drive
innova on and efficiency in businesses. 4. Employee Turnover Ra o and many more.

We, being so close to the businesses and having a thorough

Instead of using the tradi onal approach to process data This will also help in upselling and widening the scope of
over excel, we can use advanced and specialized tools that work leading to outperform in different ver cals of
are faster, convenient and reliable. industries.
Some of these tools are as follows: I can recall Peter Drucker's quote "The enterprise that
1. Power BI doesn't innovate, ages and declines. In a period of rapid
change, the decline is rapid".
2. Big Query
Let's adopt new methodologies and prac ces to serve
3. Tableau
clients above industry standards.
4. Looker Studio
A New Mantra in Education:
Preparation as the Ultimate Victory
Karan Rana
"Beta, tayaari Jeet ki karo!" (Child, prepare for victory!) 5. Family Dynamics Strained:
These words echo in classrooms, homes, and coaching
centers across our [Link] well-inten oned, this "I don't remember the last me we had a conversa on that
mantra may contribute to increased stress levels among wasn't about studies," The pressure to succeed
students, as it implicitly defines success solely in terms of academically o en permeates family life. Parents may
outcomes. This ar cle argues for a more nuanced become overly focused on their children's academic
understanding of academic success, one that values the performance, leading to strained rela onships and a loss of
process of prepara on as much as the end result. emo onal connec on within families.

The mantra "tayaari Jeet ki" (prepare for victory) has A New Perspec ve: "tayaari hi jeet hai" (Prepara on is
become a double-edged sword in our educa onal success).
landscape. While intended to mo vate, it o en creates a Reframing our approach to "tayaari hi jeet hai" (prepara on
pressure cooker environment that s fles growth and itself is victory) offers numerous benefits. This perspec ve
happiness. Let's explore the mul -faceted problems this reduces stress and anxiety while promo ng deeper learning
mindset creates: and resilience. It fosters a love for lifelong learning,
1. The Crushing Weight of Expecta ons: enhances self-esteem, and encourages the development of
diverse talents. By valuing the journey of prepara on, we
The constant focus on victory places immense psychological create an environment that balances academic
burden on students. This pressure o en leads to stress, achievement with personal well-being, nurtures crea vity
anxiety, and in severe cases, depression. The fear of failure and innova on, and prepares students not just for exams,
becomes so overwhelming that it can paralyze students, but for life's challenges.
hindering their ability to learn effec vely.
Implementa on Strategies: Bringing "Prepara on is
2. Anxiety: The Unwelcome Study Partner: Victory" to Life.

The intense focus on academic prepara on o en comes at To effec vely shi the educa onal paradigm towards
the cost of other crucial aspects of youth development. valuing prepara on as success, a mul -faceted approach
Social skills, emo onal intelligence, and general life involving all stakeholders is necessary. Here are
experiences may be sacrificed in the pursuit of academic comprehensive strategies for implementa on:
excellence.
1. Educator Training and Development:
3. The Self-Esteem Seesaw:
- Conduct workshops for teachers on growth mindset
Tying self-worth so closely to academic outcomes creates a and process-oriented teaching methods.
vola le founda on for self-esteem. Students may
experience extreme highs when they succeed and crushing - Provide resources and training on forma ve
lows when they fall short, leading to an unstable sense of assessment techniques that focus on progress rather
self-value. than just final outcomes.

4. The Lost Art of Learning: 2. Curriculum Redesign:

When the end goal becomes all-important, the journey of - Integrate project-based learning that emphasizes the
learning o en gets overlooked. Students may resort to rote process of discovery and problem-solving.
memoriza on and short-term strategies to achieve high - Include reflec ve prac ces in the curriculum,
scores, rather than engaging deeply with the material for encouraging students to document and analyze their
long-term understanding and growth. learning journey.
- Develop rubrics that assess effort, improvement, and Let this be the legacy we leave - an educa on system that
applica on of knowledge, not just final results. doesn't just prepare for life, but one that celebrates life in all
its learning moments. For in this new narra ve, every small
3. Student Empowerment Programs: step of prepara on, every moment of growth, is a victory
- Conduct regular sessions on goal-se ng, me worth cherishing.
management, and self-reflec on.

- Implement mentorship programs where older

students model the process-oriented approach.

- Create student-led ini a ves that celebrate diverse

forms of prepara on and achievement.

4. Mental Health Support:

- Strengthen counseling services to help students

navigate the shi in mindset.

- Implement stress management and mindfulness

programs that align with the "prepara on is victory"
philosophy.

A Call to Heart:

Dear parents, teachers, and mentors, it's me we change

our narra ve. Let's celebrate the late nights our children
spend grappling with complex problems. Let's applaud the
courage it takes to ask ques ons, to fail, and to try again.

To every student reading this: Your worth isn't determined

by a mark sheet. Every hour you spend learning, every
challenge you face head-on, every small improvement you
make – these are your victories. Embrace them.

Conclusion: A New Dawn in Educa on

As we stand at the threshold of change, we glimpse a new

horizon in educa on - one where the journey of learning
shines as brightly as the des na on. By embracing "tayaari
hi jeet hai," we're not just changing a phrase; we're
transforming lives. Imagine classrooms buzzing with
curiosity, where ques ons are treasured more than
answers. Picture homes where late-night study sessions are
met not with anxiety, but with pride in the effort. Envision a
society that celebrates growth in all its forms, recognizing
that true victory lies in the courage to learn, to fail, and to
rise again.
व

Muskan Agarwal
Everyone gets success either it's earlier or later.
It's depend upon Time that's "Waqt".
When the me of a person comes, they will get everything either it's SUCCESS or any other AIM.
Eventually it's said that " Waqt sabka aata hai".
During this phase we learn so many things, faces a lot of ups & downs, receives support, Love, hate from family,
friends & rela ves & so on..............
So, l have wri en some lines for it everyone can relate with it & these are....

व भी ा लाजवाब ह,
इसम ही सब सवाल के जवाब ह।
क ये व वो सीखा जाता है ,
जो कभी िकताबो ं से समझ नही आता ह।
व ने वो है िदखाया ,
जो जो िजंदगी म कभी िकसी ने न िसखाया।
व ही है वो ,
जो अपनो और गैरो म िसखाता है फक
व ही है वो,
जो िजंदगी के दौर म करना िसखाता है तक िवतक ।
हां ! व अ ा हो या बुरा,
िजंदगी के सफर म,
इस का पाठ आया बेहद काम,
इसके नसीहत ने बना िदए ब तो ं के नाम।
The Future of Auditing: Trends & Technologies

Prasuk Baid
As the world rapidly evolves, so does the field of ICAI’s Steps to Support the Future of Auditing
auditing. The integration of new technologies and
The Institute of Chartered Accountants of India (ICAI) is
emerging trends is transforming the way audits are
proactively supporting the transition towards the future
conducted, making them more efficient, accurate, and
of auditing by:
insightful. For aspiring Chartered Accountants like
myself, understanding these changes is crucial. 1. Training and Education- ICAI offers various training
programs and courses on emerging technologies and
Let’s explore some key trends and technologies
their application in auditing. This ensures that current
shaping the future of auditing and the steps the
and future Chartered Accountants are well-equipped to
Institute of Chartered Accountants of India (ICAI) is
handle the evolving demands of the profession.
taking to support this transformation.
2. Research and Development- ICAI encourages
Key Trends in Auditing
research in the field of auditing and related
1. Automation and Ar tificial Intelligence- technologies. This fosters innovation and helps in
Automation and AI are streamlining audit processes by developing new methodologies and best practices.
handling repetitive tasks such as data entry and
3. Guidance and Resources- ICAI provides guidance
transaction testing. This allows auditors to focus on
notes, technical standards, and other resources to help
more complex aspects of their work. AI can quickly
auditors navigate the complexities of modern auditing.
analyse large amounts of data, identifying patterns and
These resources ensure that auditors are up-to-date
anomalies that might be overlooked by human
with the latest developments and can apply them
auditors.
effectively in their work.
2. Data Analytics- Data analytics is enhancing the
Conclusion
depth and precision of audits. Instead of sampling data,
auditors can now analyze entire datasets, leading to The future of auditing is being shaped by exciting
more comprehensive audits. This helps in identifying trends and advanced technologies. As aspiring
trends, outliers, and potential risks more effectively. Chartered Accountants, it’s essential to embrace these
changes and continually update our skills and
3. Blockchain Technology- Blockchain provides a
knowledge. With the support of ICAI, we can navigate
secure and transparent way to record transactions. This
this dynamic landscape and ensure that we provide
technology reduces the risk of fraud and errors by
valuable assurance and insights in an increasingly
creating an immutable ledger that auditors can access
digital world. By leveraging these technologies and
in real time. This makes the audit process more reliable
adhering to professional standards, we can uphold the
and efficient.
integrity and reliability of the auditing profession.
4. Regulatory Changes- The auditing landscape is
continually shaped by new regulations and standards.
Auditors must stay updated with these changes to
ensure compliance and provide accurate and reliable
assurance services.
In addition to that Advanced Audit Software plays an
Important role in Increasing the Quality of Audit as it
integrates AI, data analytics, and cloud computing to
provide comprehensive audit services. These tools
enhance the efficiency and effectiveness of audits while
ensuring compliance with standards and regulations.
The Evolving Landscape of Chartered Accountancy:
Embracing the Post-AI Revolution
Saloni Gupta
Ar ficial intelligence (AI) and large language models like risks, and predict future trends with greater accuracy. This
ChatGPT have undeniably begun to transform the shi from tradi onal accoun ng to data-driven analysis will
accoun ng profession. However, their influence represents require CAs to develop new skillsets in data visualiza on,
merely the first wave of a technological tsunami poised to data mining, and financial modeling.
reshape chartered accountancy. This newsle er explores 5. The Era of Explainable AI (XAI) and the Ethical
upcoming advancements and their poten al impact on CAs. Impera ve:
1. The Rise of Ambient Intelligence (AmI): As AI algorithms become more complex, the need for XAI
Imagine an environment where technology an cipates your becomes paramount. XAI ensures that AI-generated insights
needs, streamlining tasks and op mizing processes. This is are transparent and interpretable, fostering trust and ethical
the essence of AmI. AmI-powered accoun ng ecosystems applica on in financial decision-making. CAs will play a
will leverage interconnected devices and AI to automate crucial role in bridging the gap between AI and human
data entry, generate real- me financial reports, and iden fy exper se, ensuring that AI recommenda ons are aligned
poten al anomalies. This frees CAs from mundane tasks, with ethical and regulatory frameworks.
enabling them to focus on higher-value ac vi es like The Future of Chartered Accountancy: A Symphony of
strategic analysis and client advisory services. Human and Machine Intelligence
2. Blockchain and the Era of Secure, Transparent The technological revolu on presents both challenges and
Transac ons: opportuni es for chartered accountants. While automa on
Blockchain technology offers a distributed ledger system may displace some rou ne tasks, it also opens doors for CAs
that fosters trust and immutability in financial transac ons. to transi on into more strategic roles. The key to success will
This presents a plethora of opportuni es for CAs. Imagine lie in embracing lifelong learning, developing new skillsets,
streamlining audits with tamper-proof records, facilita ng and adap ng to a future where human and machine
secure cross-border transac ons, or automa ng intelligence work in tandem. By upskilling in AmI,
compliance processes with smart contracts. Blockchain's blockchain, RPA, big data analy cs, and XAI, CAs can ensure
poten al to enhance financial security and transparency will their con nued relevance and thrive in the evolving
undoubtedly redefine the chartered accountant's role in the landscape of finance.
future.
3. Robo c Process Automa on (RPA) and the Automa on
Revolu on:
RPA involves deploying so ware robots to automate
repe ve tasks. In accoun ng, RPA can automate tasks like
bank reconcilia ons, accounts payable/receivable
processing, and tax calcula ons. This not only reduces
manual errors but also frees up CAs' valuable me for more
strategic endeavors. As RPA evolves, CAs will need to
develop exper se in iden fying suitable tasks for
a u to m a o n a n d m a n a g i n g t h e h u m a n - m a c h i n e
collabora on that RPA necessitates.
4. Big Data and Advanced Analy cs: From Bean Counters to
Data Mavens:
The exponen al growth of financial data necessitates new
approaches to glean valuable insights. Big data analy cs
empowers CAs to uncover hidden pa erns, assess financial
Mental Health of A Student During
Their Journey of Success and Failure
Sonam Goyal
Handling Success and Failure as a Student reduce stress , and stay calm in the exam pressure .

Being a student means experiencing both highs and lows. Ÿ Talk to Someone: Share your feelings with a teacher,
When you do well in school, it feels amazing. It shows your friend, or family member. It helps to know you're not
hard work paid off. But some mes things don't go as alone.
planned. Success can bring happiness and a sense of Ÿ Be Kind to Yourself: Don't be too hard on yourself when
achievement. But it can also make you worry about keeping things don't go well. Treat yourself with understanding
up that success. On the other hand, failure can be tough. It and encouragement.
might make you feel down, lose confidence, or even stop
CONCLUSION:
trying because you're afraid to fail again. The journey
through success and failure is not just a series of academic Being a student isn't just about grades—it's also about how

outcomes but a profound test of resilience and mental you handle challenges and take care of yourself. By being

strength. kind to yourself, seeking support when you need it, and
seeing setbacks as opportuni es to learn, you can navigate
Sta cs in India over mental health :
both success and failure in a healthy way. Remember, your
Ÿ Mental health burden: mental well-being ma ers as much as your academic
The World Health Organiza on (WHO) es mates that India achievements.
has 2,443 disabilityadjusted life years (DALYs) per 100,000 AUTHOR’S NOTE :
people due to mental health problems. In 2017, depressive
A er always being the topper in school, experiencing the
disorders and anxiety disorders contributed the most to
feeling of repeatedly failing in one exam in life—today, I feel
DALYs, followed by IDID, schizophrenia, bipolar disorder, and
it. Before, I used to wonder how people manage to get up
conduct disorder.
again and again a er falling, but today I understand.
Ÿ Suicide rate:
Real victory isn't in passing but in ge ng up a er a fall. It's a
The WHO es mates that India's age-adjusted suicide rate is good feeling, despite everything going wrong, to smile with
21.1 per 100,000 people. The Economic Times reports that hope that my me will come too. The day before the results,
India has over 260,000 suicides per year, making it the I was completely sure that I would become a Chartered
world's suicide capital. Accountant the next day, but life doesn't always go as we
Here are some things you can do to stay mentally strong: plan. I failed again, but I won't give up. My me will come

Ÿ Stay Posi ve: Learn from your mistakes and see too. The me will come for everyone who works hard with a

challenges as chances to grow. true heart, and that day will be mine alone.

Ÿ Get enough sleep: sleep is crucial for mental health , aim

to get 8 to 9 hrs of sleep every night.

Ÿ Yoga/ medita on: medita on is an excellent way to

Beyond the Balance Sheet:
Pioneering CAs in the Age of Disruption
Soumya Gupta
“The balance sheet is a snapshot of the past. And the becoming a cri cal skill for CAs. By leveraging data
Chartered Accountant of the future is architec ng the analy cs pla orms and tools such as RapidMiner,
financial blueprint for tomorrow.” KNIME and Orange etc., For developing predic ve
The world of finance is undergoing a seismic shi . models and automa ng tasks there are various
Technological advancements, evolving regula ons, and machine learning pla orms such as TensorFlow,
shi ing client needs are constantly redefining the role of a PyTorch, Scikit-learn etc.
Chartered Accountant. While core financial exper se By using tools like VBA Macros, Power Query and by
remains essen al, today's pioneers are venturing beyond using No-code/Low-code data analy cs so ware
the balance sheet, embracing a more strategic and forward- CAs can iden fy trends, assess risk, and predict
thinking approach. future financial performance with greater accuracy.
Conven onally, for data reconcilia on, par cularly in For instance, a CA in the financial services industry
smaller firms and consultancies, has relied heavily on like “JP Morgan Chase” might use data analy cs to
familiar yet limited tools like Microso Excel. While iden fy fraudulent transac ons, op mize
convenient, this method suffers from significant drawbacks. investment por olios, and predict customer
Spreadsheets are me-consuming, prone to errors, and behaviour by developing sophis cated algorithms
involve repe ve tasks that lead to fa gue and to detect anomalies in transac on data, using
inaccuracies. This involves tedious data manipula on machine learning to op mize investment strategies.
including sani za on, valida on, transforma on, and This data-driven approach allows CAs to go beyond
conversion – all before feeding it into the tool. historical analysis, providing clients with
This ar cle introduces a paradigm shi . The emergence of AI ac onable insights to make informed decisions.
and no-code/low-code pla orms present a revolu onary Ø Embracing Innova on and Technology:
way to handle data as data quality is paramount for
meaningful results. The rise of FinTech and blockchain technology offers
exci ng possibili es for CAs. Large Language
Here are the key Characteris cs of Professional Pioneers: Models like ChatGPT, Microso Copilot, Google
Ø From Compliance to Collabora on: Bard / Google Gemini, and Claude (let's refer to
Tradi onally, CAs focused on ensuring financial them collec vely as “AI Tools”) represent an
accuracy and compliance. However, the future innova ve fron er in automa on. These tools can
demands a shi towards a more collabora ve role. assist in the automa on process without you having
Forward-thinking CAs are becoming trusted to learn the technology in detail. For example,
advisors, working closely with clients to develop “blockchain” can revolu onize audi ng by
strategic financial plans, assess risk, and iden fy providing a secure and transparent record of
new growth opportuni es. By using a Data financial transac ons. We can provide real- me
visualisa on tool such as Tableau, Power BI, or Qlik audit trails, improving transparency and reducing
to present complex financial data in easily the risk of fraud.
understandable formats like graphs, charts, and The AI tools also come in handy for troubleshoo ng
dashboards. and give specific results as compared to endless
For instance, A CA working with a retail client like searches of Google to find the answer. Pioneering
“Zara” might not only ensure financial accuracy but CAs are ac vely exploring how these innova ons
also collaborate to develop strategies to op mize can be used to streamline processes, enhance
inventory management, improve pricing, and efficiency, and improve security.
expand into new markets. Transparency and trust are paramount, and
Essen ally, we should move beyond number- technology like blockchain is enabling CAs to
crunching to become value-added advisors who create a new era of accountability.
help businesses achieve their goals.
Ø The Evolving Skillset of the CA:
Ø The Rise of the Data-Driven CA:
While technical skills remain indispensable, today's
Data is the new oil, and CAs who can harness its
CAs require a broader skillset to thrive in the
power are gaining a compe ve edge. The ability to
analyze and interpret vast amounts of data is evolving landscape. Strong communica on,
collabora on, and problem-solving skills are crucial
for building strong client rela onships and
effec vely naviga ng complex challenges.
Addi onally, so skills like cri cal thinking,
adaptability, and a growth mindset are essen al for
staying ahead of the curve.
For instance, If we as Chartered Accountants can
effec vely communicate complex financial
informa on to non-financial stakeholders like Elon
Musk at Tesla can build stronger client rela onships
and drive business growth.
It's me for all Chartered Accountants to step out
of the shadows and become the driving force
behind business success.
Ø Leading the Way for the Future:
Chartered Accountants are uniquely posi oned to
lead the way in this era of disrup on. Their exper se
in finance, combined with a strategic mindset and a
willingness to embrace new technologies, makes
them invaluable partners for businesses naviga ng
an ever-changing landscape.
For instance, a CA working with a startup like “Uber”
can provide financial guidance, risk management
strategies, and support in securing investments.
This involves understanding the complex financial
models of the sharing economy, assessing financial
risks, and developing strategies for sustainable
growth.
By con nuously learning, upskilling, and adap ng,
these pioneering CAs will ensure the profession
remains relevant and at the forefront of the
financial world.
Our profession stands at a crossroads. To thrive, not just
survive, WE Chartered Accountants must become catalysts
for innova on, growth, and value crea on. By embracing
collabora on, data, technology, and a growth mindset, CAs
can redefine their roles and become indispensable partners
in the journey of businesses towards a prosperous future.
It's me to trade the calculator for a crystal ball. The future
of business depends on the vision of the modern CA.
ACTIVITIES
ProgramBY CICASA
on Start-up IndiaJAIPUR BRANCH
Scheme and
opportunities for CAs in the Start-up world
Students Talent Search-2024
Quiz Competition and Elocution Competition

Date : 05-06- 2024

Elocution Competition:
winners: Charu Kewalramani, Raina Porwal
Judges : CA Amit Khandal, CA Priya
Date :Gupta & CA Abhilasha Mudgal
28-01-2024
Venue: Regal Sports Club, Jaipur & Xtreme Sports and Fitness Club, Jaipur
Quiz Competition:
Winner Team: Dev Sharma, Harshit Sharma
Quiz Masters : CA Akhil Pachori, CA Rajesh Choudhary & CA Akshat Agarwal
ACTIVITIES
ProgramBY CICASA
on Start-up IndiaJAIPUR BRANCH
Scheme and
opportunities for CAs in the Start-up world
Seminar on Basics of GST on Real Estate
for CA Students

Date : 28-01-2024
Venue: Regal Sports Club, Jaipur & Xtreme Sports and Fitness Club, Jaipur

Date : 22-06- 2024 Speakers : CA. Sakshi Jain & CA Vivek Jain
ACTIVITIES
ProgramBY CICASA
on Start-up IndiaJAIPUR BRANCH
Scheme and
opportunities for CAs in the Start-up world
CA Run for Viksit Bharat

Date : 28-01-2024
Venue: Regal Sports Club, Jaipur & Xtreme Sports and Fitness Club, Jaipur
Date : 30-06- 2024 Guest : Dr. Sadhna Anand & Mrs. Kiranjeet Singh
ACTIVITIES
ProgramBY CICASA
on Start-up IndiaJAIPUR BRANCH
Scheme and
opportunities for CAs in the Start-up world
GMCS Best Presenters

CONGRATULATIONS
B E S T P R E S E N T E R O F A d v I C I T S S M C S _ _ JA3I0P U R _

P r i y a n s h Aga r w a l C RO 0 6 9 5 2 1 8 FI RST
BEST PRESENTER OF AdvICITSSMCS__JAIPUR_37
D e b a s h r e e M a z u m d a r C RO 0 4 2 8 6 7 8 SEC O N D
Arushi Methi CRO0681966 FIRST
P r a k h a r Agr a w a l C RO 0 6 8 8 6 2 2 TH I RD

Neha Chawla
BEST O F A d v I C I T S S M C SECOND
P R E S E N T E R CRO0667518 S _ _ JA3I1P U R _

M uska n Cha nda k C RO 0 6 9 5 7 6 5 FI RS T

THIRD
Nilabh Goel CRO0702785
Ta r u n S a i n i C RO 0 6 5 1 9 7 2 SEC O N D
BEST PRESENTER OF AdvICITSSMCS__JAIPUR_38
H a r s h i t Ja i n C RO 0 6 6 8 7 9 7 TH I RD
Priyanshu Kothari CRO0642949 FIRST
B E S T P R E S E N T E R O F A d v I C I T S S M C S _ _ JA3I3P U R _
Ajay Kala CRO0675300 SECOND
Ya sh Ka sh ya p C RO 0 6 4 4 1 5 7 FI RST

Manan
A m a nKhandelwal
d e e p S i n gh R O 0 7 0 1 3 4 6 S E CTHIRD
CRO0720316
C OND

Ad i t y a To d a r w a l C RO 0 2 1 3 9 5 2 TH I RD

Date : 8-12-2022 Nukkad Drama Judges: CA Ashutosh Lata, CA Amit Khandal, CA Amit Samriya
& CA. Priyank Sharma Winners: Devansh Agarwal, Priya Gupta, Ashi Agarwal, Anshul Jain,
Aarav Bangar, Aditya Oswal Essay Competition Judges: CA Sachin Kumar Gupta
& CA Swapnil Bhandari Winners: Devanshu Garg, Nikhil Agrawal, Priyam Jain
ACTIVITIES
ProgramBY CICASA
on Start-up IndiaJAIPUR BRANCH
Scheme and
opportunities for CAs in the Start-up world
Closing Ceremony of GMCS Classes

Date : 28-01-2024
Venue: Regal Sports Club, Jaipur & Xtreme Sports and Fitness Club, Jaipur

Date : 1-07- 2023 Venue: Jaipur Branch of CIRC of ICAI

IN NEWS
ACTIVITIES
ProgramBY CICASA
on Start-up IndiaJAIPUR BRANCH
Scheme and
opportunities for CAs in the Start-up world

Date : 8-12-2022 Nukkad Drama Judges: CA Ashutosh Lata, CA Amit Khandal, CA Amit Samriya
& CA. Priyank Sharma Winners: Devansh Agarwal, Priya Gupta, Ashi Agarwal, Anshul Jain,
Aarav Bangar, Aditya Oswal Essay Competition Judges: CA Sachin Kumar Gupta
& CA Swapnil Bhandari Winners: Devanshu Garg, Nikhil Agrawal, Priyam Jain