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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| The Society of Auditors HYBRID Study Circle Meeting | |||||
| “Tax Audit - Latest Updates, Practical Insights & De-Risk Strategies"
Speaker: CA. Uttamchand Jain, Partner- CNK & Associates LLP | 10th October 2025 (Friday) at 05:00 PM to 6:00 PM (Hybrid) Physical : “Platinum Chambers”; 33, TNHB Complex, Luz Corner, Mylapore, Chennai - 600004. Join us for a cup of Coffee & Fellowship at 4.30 pm |
Meeting Link : Click Here Meeting ID: 830 3165 7557 Passcode: 259720 About the Subject: Tax Audits are mandatory under certain scenarios and a crucial process under the Income Tax Act, to compute the correct Income. This are to be conducted by Chartered Accountants, wherein a lot of responsibility (& together with this, the attendant risks !!) is cast upon Tax audits helps in computing the correct income taxable whereby enforces compliance and ensures correct assessment of tax liability. For the entity, it enhances the credibility of its tax returns, acts as a risk mitigation tool, improves financial discipline and facilitates legitimate tax planning and a smoother return filing. The meeting will cover the latest changes made in tax audit report blended with the Esteemed Speaker’s Practical Insights gathered over the years of his professional experience. The Speaker will also sensitivise the audience on ICAI’s Tax Quality Review Board’s advisories on Common Non-Compliances that need to be avoided. About the Speaker: CA. Uttamchand P Jain, a Fellow Member of ICAI, has been in Practice for almost Three Decades, leads his Firm’s practice in Chennai in the fields of Audit, Assurance & Litigation. He is highly skilled in handling matters relating to Direct Tax, Litigation, Financial Accounting & Audits. He has put in substantial time & efforts to share his knowledge through actively participating in preparation of publications, paper presentations at various forums including CASC, SOA, ACA, SIRC & its Branches. He is also a Guest Lecturer in many educational institutions. |
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