The Society of Auditors, Chennai is India's oldest body of professionals in the accounting & attestation and is senior even to the accounting regulator of the country viz., ICAI nearly by a generation.
The best known names in the Indian accounting professional arena from this part of the country were not only instrumental in the formation of the Society but also in nurturing it to ensure its steady and influential presence to an extent that the body was a precursor and a trendsetter for many such organisations to germinate, grow and flourish across the country. The Society itself was a persuasive force to the Government of India to even formulate the Institute of Chartered Accountants of India under an Act of Parliament in 1949.
The Society is a sagacious, perspicacious and a serene body that has a wealth of experience behind it, thanks to the several doyens and veterans of yesteryears which the current generation is making effective use of - in conjunction with the modern and futuristic tools of learning and dissemination of knowledge. With a hoary past and a vibrant present, the Society is gloriously nearing its nineties.
Even though a nonagenarian organisation, paradoxically enough, with each passing year of the society, the average age of the members is actually going down, as more of the younger members are enthusiastically participating in carrying on the mantle.
Specific mention needs to be made of the way in which the distressing time of Covid 19 lockdown was effectively converted in to a knowledge augmentation opportunity with a series of webinars arranged by the young turks of the Society, with many members eagerly and interactively participating in them.
The Society of Auditors was formed in the pre-independence era, circa 1927 as an informal group of well-known and respected accounting professionals, then known as Registered Accountants. Th same was formally registered as a Society in 1932 (mind you, we are calculating Society’s age only from its formal birth!) and was the only body of accounting professionals (including the wannabe ones) that was a connect between the profession and the Government.
View more| Topic / Speaker | Date / Venue / Fee | Links/remarks | |||
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| Virtual Study Circle meeting | |||||
| “AML Obligations, Compliances and Practices for a Chartered Accountant”
Speaker: CA. B A Shankar | 30th May, 2025 (Friday) at 04.30 PM to 5.30 PM |
Meeting Link : Click Here Meeting ID: 871 7591 8546 Passcode: 376522 About the program: In today’s global financial landscape, combating money laundering and the financing of terrorism is a critical priority. Money laundering not only undermines the integrity and stability of financial institutions and systems, but also deters foreign direct investment, increases volatility in capital markets, and enables criminal networks to thrive. As trusted financial professionals, Chartered Accountants (CAs) play a vital role in safeguarding the financial ecosystem and preventing its mis-use. They are uniquely positioned to identify, assess, and mitigate the risks associated with illicit financial activities. Raising awareness among clients and the wider society is a professional and ethical responsibility. Key Roles of CAs in AML Initiatives: · Know Your Client (KYC) and Due Diligence. · Reporting Obligations · Educating Clients and Society · Continuous Learning The objective of the program is to discuss the role and practices of a CA to serve as a critical line of defense against money laundering and terrorist financing through vigilant practices, informed advisory, and public awareness. Speaker profile: CA Shankar B.A is a distinguished finance professional with a master’s degree in commerce from Pondicherry University and is a Fellow member of ICAI. He also holds memberships with ICMAI and ICSI. He is a rank holder in professional exams and specializes in both Direct and Indirect Taxes & regularly represents clients before tax authorities and tribunals and is a Co-Founder of Unicorn Professional Advisory Services Pvt. Ltd. CA Shankar is a seasoned speaker, having delivered numerous seminars for ICAI and other professional forums on taxation and corporate laws. He has served as Chairman of the Salem Branch of SIRC (ICAI) and SICASA, under whose leadership the branch won All India Best Branch Awards in both small and medium categories. He is a dedicated academic, a visiting faculty at ICAI, ICMAI, ICSI, and several B-Schools, and has been a Finance Sub-Committee member of ICSE since 2022. |
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