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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| "Learnings from SEBI's Interim Order on Rajesh Exports Ltd."
Speaker: CA. M P Vijay Kumar | 19th June 2026 (Friday) at 5.00 PM to 6.00PM High Tea at 4.30 pm |
Meeting Link : Click Here Meeting ID: 897 2943 6898 About The Session: For years, Rajesh Exports was regarded as one of India's most remarkable corporate success stories. From a Bengaluru-based jewellery exporter, the company grew into a global gold refining powerhouse with revenues that frequently placed it among the country's largest listed enterprises. That narrative is now facing its biggest challenge. In an interim order issued on June 3, the Securities and Exchange Board of India (SEBI) barred Rajesh Exports and its promoter-chairman Rajesh Mehta from accessing the securities market, citing serious concerns over alleged financial misrepresentation, governance failures, and fund diversion. While the order is not a final determination of guilt, the scale of the allegations has sent shockwaves through India's corporate and investment community. While it is pertinent to note that one cannot conclude based on any Interim Order, this offers an interesting case study on how the Statutory Auditor would have ideally covered the pain points (possible fraudulent areas) mentioned in the Order in his audit and thereby de-risk based on compliance to audit procedures. It gives auditors scope for introspection in how they execute medium to large audits. About the Speakers: CA. M P Vijay Kumar, former Central Council Member of ICAI, is a passionate, pragmatic Envisioner & a proven Executor with over Three Decades of Experience in Industry & in Practice. He has held key positions at ICAI including Chairman of Accounting Standards Board, Digital Accounting & Assurance Standards Board as well as Valuation Standards Board. He has been Vice Chairman of Expert Advisory Committee, Financial Review Reporting Board, Committee on Accounting Standards for Local Bodies and a Past Member of NFRA / Vice President on the Board of Governors, Chennai Chapter of IIA. He has also been / is an Independent Director of many reputed companies including LIC, Mahindra & Mahindra, Wheels India. He represents India as a Member of the IFRIC Committee at IASB. CA MPV has also authored many books. He is an active member of CII, CFO Forum and we all know him as a very Popular and Successful Teacher and a Mentor for The Society of Auditors. |
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| Understanding the Legal Guardrails of GST Investigations – DGGI process, procedures and related rules.
Speaker: CA Manavalan | 19th June 2026 (Friday) at 5.00 PM to 6.30PM High Tea at 4.30 pm AT SOA premises Platinum Chambers, TNHB Complex, Luz |
Meeting Link : Click Here Meeting ID: 864 1595 6928 About The Session: The enforcement landscape under the Central Goods and Services Tax (CGST) Act, 2017, has evolved into a highly sophisticated, data-driven mechanism. Armed with all-India jurisdiction and real-time data analytics, specialized agencies like the Directorate General of GST Intelligence (DGGI) possess expansive powers of inspection, search, seizure, summons, and arrest. While these extraordinary powers are designed to curb systemic revenue leakage, their field execution frequently tests the boundaries of corporate stability and constitutional rights. For tax professionals, corporate leaders, and independent practitioners, managing an enforcement action is no longer just an administrative task—it is a high-stakes exercise in litigation strategy. This session unpacks the statutory architecture of searches and summonses, delineates actionable "Do's and Don'ts" for ground-level crisis management, and highlights the crucial judicial guardrails carved out by Constitutional Courts and recent Board directives to protect the principles of Natural Justice. About the Speakers: CA. V.P. Manavalan is a distinguished expert in Indirect Taxation with nearly two decades of intensive practice, litigation, and corporate advisory experience. He is a dual-qualified professional, holding the prestigious status of a Fellow Member of the Institute of Chartered Accountants of India (ICAI) and an Associate Member of the Institute of Cost and Management Accountants of India (ICMAI). Since establishing his independent practice under the banner of M/s Manavalan & Co. in Chennai in 2007, he has been deeply involved in navigating complex regulatory landscapes across legacy regimes—including Central Excise, Service Tax, and TNVAT—and has seamlessly transitioned into an expert on the Goods and Services Tax (GST) framework. |
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