An introduction

Established in 1987, the Bhilwara branch of The Institute of Chartered Accountants of India (ICAI) had a humble beginning with a mere 50 members and around 100 students/articles during its initial phase. CA R. L. Nolakha served as the inaugural President of the branch, which initially lacked an independent office and an examination center in Bhilwara for students. Official work was conducted from the offices of practicing chartered accountants who held various executive positions during their tenure.

In 1998, the branch took a significant step by renting an office in Sindhu Nagar, Bhilwara, to conduct its activities. This office was later relocated to a building in Shastri Nagar in 2007. The year 2001 marked a pivotal moment for Bhilwara as it obtained its first examination center, initially catering to a minimal number of passing students. Due to the burgeoning demand, two additional examination centers were swiftly introduced in Bhilwara.

Over the years, there has been a noteworthy positive transformation in the syllabus of the Chartered Accountancy course. The number of members grew significantly, surpassing 198, and the student count soared to unprecedented levels, reaching 5000 by 2010. In the same year, 2700 students participated in the Common Proficiency Test (CPT) examination, while approximately 1700 students appeared in the CA Final and CA Inter Exams.

Since 2007, the branch has been actively organizing management and communication skills, orientation classes, and information technology training for CA students. In 2009, the UIT Bhilwara allocated land in Patel Nagar for the construction of the branch premises.

Construction commenced, and the newly built structure was inaugurated by CA. K. Raghu, the President of ICAI (2014-15). On February 6, 2017, the branch relocated from Shastri Nagar to its newly constructed ICAI building at Patel Nagar, where all branch-related activities are now conducted.

In 2018, the branch constructed the CA circle near the allocated land on Ring Road. The Bhilwara branch has actively contributed to the accounting community by organizing events such as the All India CA Student Conference in 2009, 2014, 2016, and 2024, with participation from students across the country. The branch also hosted the All India CPE Conference in 2004, drawing CA members from across the nation. In 2023, the Bhilwara Branch successfully hosted a national conference for CAs named "Anant," attended by ICAI President, Central Council members, Regional Council office bearers, and more than 850 CAs from across the country.

As of 2024, the Bhilwara branch boasted about more than 1600 CA members and 5500+ registered students. The current chairman of the branch, CA Sonesh Kabra, proudly attests that Bhilwara's chartered accountants have left an indelible mark both within the country and abroad including:

Apart from these, Bhilwara registered Chartered Accountants are also serving abroad, with 40-50 Chartered Accountants in Dubai, 5-10 in England, US, Canada and 10-20 Chartered Accountants in Singapore.

Main Functions of Chartered Accountants:

• Contribution to the country’s tax collection is the main contribution of CA.
• Provides support to the government in tax collection, audit etc. by guide tax in the industry of traders.
• CAs are looking at financial management in large positions at various institutions – government, semi-government, private, through which Yoga is donating as the backbone in the economic, social and business advancement of the country.
• They are contributing to the economy of the country by establishing their own business.

Certificate Course:

The Bhilwara branch periodically conducts certificate courses for CA members, the main courses of which are as follows:

• Information Systems Audit: In this era, technology plays a major role in facilitating all the functions of business, not only in transaction capturing and processing, but also in lesser known areas such as corporate governance and risk management. There is no doubt that chartered accountants with ISA qualification will play a major role in the Information Systems Audit (ISA) in the coming years. With the changing paradigms, knowledge and experience in technology are not only desirable, but are also basic requirements for development and survival in the global village. With new challenges endangering the traditional domain, the institute’s council – by introducing the ISA curriculum – is not just coping with the demands of IT mobility. It also seeks to leverage technology to enhance the business skills of its members. This course prepares members to offer value-added services of information systems audits, which are in increasing demand.
• Forensic Accounting and Fraud Detection Course: Forensic accounting is a specialized practice area that describes engagements that arise from actual or anticipated fraud, disputes, or lawsuits. Forensic accounting, fraud detection and prevention specialization is in increasing demand given the increasing incidence of cyber crimes and frauds.
• CONCURRENT AUDIT CERTIFICATE COURSE: The objective of this course is to carry out the efforts of banks to conduct internal checks of transactions and other verifications and to comply with prescribed procedures, to improve the effectiveness of concurrent audit system in banks and To improve the quality and coverage of concurrent audit reports.
• Along with this, the registered Valuer Course will be organized by the Bhilwara branch this year.

Bhilwara Branch of CIRC Of

The Institute of Chartered Accountants of India