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Essay / The Institute of Chartered Accountants of India Organizational Study Report a good opportunity to learn new things and get back into activities. participation. I learned the correct use of PC programming like MS which exceeds expectations, MS Word which I used to redo the information plan for the association's various clients. To begin with, I isolated different client archives and later released the same in MS beyond expectations. Names and archives were particularly mentioned. Additionally, paid and obtained customer intrigues have been published. I gathered this data from customers' spare card books. This makes it easier to correctly associate information and have an easy reference for what's to come. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”?Get the original essayAcknowledgmentI would like to express my special thanks to my guide Ms. Neha Puri who provided me with the means and techniques to complete this project; even she helped me find the research materials to complete this project. I would also like to give special thanks to our Director Dr. Sujata Khandai who gave me the golden opportunity to carry out this wonderful project on the subject.IntroductionOverview of the Organization Business Sector of the organization functions as a firm of chartered accountants according to the principles and guidelines and code of ethics for CA firms by ICAI (Institute of Chartered Accountants of India). The Institute of Chartered Accountants of India (ICAI or the Institute) was established as a statutory body on July 1, 1961 under the Chartered Accountants Ordinance, 1961 to manage the vocation of accountancy in the country. The ICAI is administered by the Council which comprises nineteen people. Fifteen people are chosen from among individuals for a period of four years. The remaining four members of the Council are selected by the Government of India. The vision of ICAI is: The vocation of Chartered Accountants in India should be the benchmark of expert genius by maintaining the standards of respectability, candor and accountability. The mission of ICAI is to achieve perfection in skill, improve organizations and economy, protect open intrigues. ; guarantee moral practices and good business administration while perceiving the demands of globalization. These types of businesses offer their clients different types of expert administrations such as examination, tax collection, and administrative guidance. The Chartered Accountancy course is conducted by the Institute of Chartered Accountants of India, which has its central command at New Delhi, 5 territorial workplaces (Calcutta, Kanpur, Chennai, Mumbai and New Delhi) and 81 branches under these local guidance. the IndustryOrganization works as a firm of Chartered Accountants under the rules, regulations and codes of ethics designed for CA firms by ICAI (Institute of Chartered Accountants of India). The Institute of Chartered Accountants of India (ICAI or the Institute) was established as a statutory body on July 1, 1961 under the Chartered Accountants Ordinance, 1961 to regulate the accounting profession in the country . The ICAI is governed by a Council consisting of nineteen members. Fifteen members are elected from among the members for a period of four years. The other four members of the Council are appointedby the Indian government. The vision of ICAI is: The chartered accountancy profession in India should set the benchmark for professional excellence, upholding the principles of integrity, transparency and accountability. Mission of ICAI: Is to achieve excellence in professional skill, add value to business and economy, safeguard public interest; ensuring ethical practices and good corporate governance while recognizing the needs of globalization. These types of firms provide their clients with different types of professional services such as auditing, taxation, and management consulting. The Chartered Accountant course is conducted by the Institute of Chartered Accountants of India, which has its headquarters in New Delhi, 5 regional offices (Calcutta, Kanpur, Chennai, Mumbai and New Delhi) and 81 branches under these regional centers . The 45-day organizational study aims to get industrial exposure and understand how the organization works in practice. It is intended to help connect business management practices in an organization with theory. Objectives of the Study I chose to work with Singhania Shreeyam And Associates. During this internship, I acquired many new skills. Before the internship, I only have theoretical knowledge about working in an organization, but now I have practical experience of working in an organization. I now have knowledge about the organizational work environment and how organizations operate and achieve their goals and objectives. This internship should give me an understanding of business as well as the elements of strategic thinking, planning and implementation, as well as how these elements are applied in a real organizational environment. Here are the goals I have in mind before working as an intern. Improve my communication skills. Analyze the company's situation. Establish high standards of professionalism. Learn more than theoretical knowledge. Learn the bookkeeping practices of different companies. .Apply theoretical knowledge in a real organization.Compare practical aspects with theoretical aspects.Make a quick decision in a real situation.Learn to promote and conduct research in the field of business.Promote my personal knowledge and professional preparation for the future. Well integrate my theoretical knowledge and my practical work. Plan your future and learn to adapt in an organization. Know how to present your recommendations to your boss. To know the opportunities and threats while entering an organization.To be exposed to performing work in an organization and also to know the organizational behavior, ethical rules and regulations.MethodologyThere are 3 stages involved in an organization study. It can be described as follows: 1) The first step is the collection of all available information from various primary and secondary data sources. Collect information from manuals, reports, articles etc. provided by Shreeyam Singhania regarding the origin, facilities available in the company and an overview of its activities and functions.2) Interview the department heads and other staff members to understand the activities of each department, structure and the roles played by each of them. 3) Visit the operational sites of the different departments. The main goal is to get a physical feel of the departments and observe the activities they perform, and this is important for the entire organization. Company Profile Singhania Shreeyam And Associates was established in the year 2017. It isof a newly established chartered accounting firm that renders professional services which include auditing, management consultancy, tax consultancy, accounting services, personnel management, secretarial services, etc. Singhania Shreeyam And Associates is a professionally managed company. The team consists of eminent chartered accountants, corporate financial advisors and tax advisors. The firm represents a combination of specialist skills aimed at providing sound financial advice and personalized proactive services. Individuals associated with the firm have regular interactions with industry and other professionals, enabling the firm to keep pace with contemporary developments and meet the needs of its clients. /Rights/Bonus Issuance of sharesIndirect taxation Generally speaking, audit involves the following: a) In-depth study of existing systems, procedures and controls for a good understanding. Suggestions for improvement and reinforcement. b) Ensure compliance with policies, procedures and statutes. Full review to ensure that accounts are prepared in accordance with generally accepted accounting policies and applicable accounting standards/IFRS. c) Verify the authenticity of expenses recorded in the accounts. Report inefficiencies at all operational levels. Detection and prevention of revenue leaks and proposal of corrective measures to prevent them from happening again. d) Certification of the accounting books being in agreement with the balance sheet and the profit and loss account. Issuing audit reports under various laws. Tax audit of companies under section 44AB of the Income Tax Act, 1961. Audit under other sections of the Income Tax Act, 1961 such as 80HHC, 80- AI, etc. Concurrent audits. Bank revenue audit. Bank branch audits. Audit of PF Trusts, charitable trusts, schools, etc. Audit of cooperative societies. Audit of the information system Internal audits. Income Statements An income statement is one or more forms on file with an expense specialist that reports salary, costs, and other related assessment data. Assessment forms allow citizens to calculate their spending risk, plan installment payments or request reductions for excessive entitlements. In many countries, valuation forms must be documented annually for an individual or company with reportable salary (e.g. compensation, profits, capital increases or different benefits). Three Sections of a Tax Return Income Tax: The most widely recognized disclosure technique is a W-2 tax document. Salaries, profits, self-employed salaries, eminences and, in many countries, capital increases must also be taken into account. some credits. For organizations, most costs directly related to business activities are deductible. Citizens can separate findings or use standard results for their registration status. Once the subtraction of all conclusions is completed, the citizen can decide on his spending rate on his balanced gross salary. Tax credits: are sums which offset the charges to be paid or the duties due. Like the diversions, these fluctuate widely depending on the neighborhood. Regardless, attributes are regularly assigned to caring for the children and elderly of the parish, social benefits, education and much more. (TPS) DepartmentBUSINESS ANALYSISSWOT ANALYSISStrengthsHaving many loyal customersSatisfaction.
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