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.
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Physical Study Circle meeting | |||||
“The Price of Silence: Black Money Act in Focus”
Speaker: CA. N. Arjun Raj B.Com., FCA, LL.B | 02nd May, 2025 (Friday) at 05.00 PM IST [Meet & greet over a cup of tea : 4.30 - 5 pm] |
About the program: As global financial regulations tighten and tax transparency becomes paramount, it is essential for professionals to stay abreast of the compliance requirements, legal intricacies, and risks associated with the non-disclosure of foreign assets. The presentation intends to cover aspects of foreign asset disclosure requirements - which is intricately linked with the scope and impact of Black Money Act, penalties and prosecutions on non-compliance, practical guide on disclosures in ITR. Speaker profile: N. Arjun Raj is a professional specializing in Income Tax litigation. With a robust academic foundation and a proven track record in representing taxpayers across various appellate forums, Arjun Raj combines expertise in finance and law to deliver comprehensive solutions in taxation. He has successfully represented numerous taxpayers before multiple appellate forums over the last six years. He is recognized for blending financial acumen with legal proficiency to address complex tax matters effectively. |
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