It is heartening to note that Committee for Cooperatives & NPO Sectors is bringing fifth edition of its E-Newsletter. I hope previous two editions have been useful to you.
The whole voluntary sector has been struggling with the issue of reporting and accountability standards. ICAI has been taking up the issues pertaining to Cooperatives & NPO sectors from time to time. Keeping in view the importance of these two sectors a separate Committee was formed by ICAI in the year 2011 which has been doing wonderful work to promote these sectors and also exploring new professional avenues for Chartered Accountants in these sectors. Committee has been conducting workshops, seminars, and conferences for the benefit of members of ICAI and has also brought several publications on topics pertaining to these sectors. However, a need has been felt that the issues pertaining to these sectors shall be consolidated together to take this discussion forward in an organized manner. At the same time, this effort would help these sectors to implement these standards.
I am indeed grateful to CA. Rajkumar S. Adukia, Chairman, Committee for Cooperatives & NPO Sectors (CCONPO) and CA. Shiwaji Bhikaji Zaware, Vice Chairman, CCONPO for bringing this e-newsletter with a view to educate the members about the activities being taken up by the committees towards promotion of Cooperatives & NPO sectors and to give them a glimpse of development happening around these sectors.
I hope members would find this e-newsletter quite helpful to them and would help them in enhancing their social accountability quotient during performance of their professional assignment.
Date: CA. Manoj Fadnis
Place: Vice-President, ICAI