Page 112 - Confluence - Souvenir 2023 - Flip Book

Emerging Standards of Auditing Title: Unlocking Tomorrow's India: A Call to Invest in a Wealthier Future

rd
23 May 2023 In the ever-evolving landscape of global finance, Warren Buffet's timeless advice resonates profoundly: "If
you don't find a way to make money while you sleep, you will work until you die." Investing in the right
The Institute of Chartered Accountants Mr. Abdelrahman Elfeky, Senior Kashyap discussed the various issues avenues not only secures our financial future but also transcends temporal constraints, working tirelessly
of India Dubai Chapter organized an Specialist, Governance and Public and challenges faced in the crypto without holidays or excuses.
event titled “Emerging Standards of Policy, provided insights on the various markets and highlighted some critical
Auditing” at Hyatt Regency Dubai services available for branch of foreign auditing standards and guidance which The recent years, marked by unprecedented challenges, have transformed our perspectives on wealth,
Creek Heights Hotel, in Dubai on companies local firms and natural govern the audit profession of cryptos. power, and resilience. As we move beyond the shadows of the pandemic, lessons learned remain etched in
Tuesday, 23rd May 2023. The Institute persons. many of the services have our minds. Motilal Oswal, with over 35 years of shaping equity investments, recognizes the changing
of Chartered Accountants of India been made e-services to ease the dynamics and the imperative to navigate through uncertainties.
Dubai Chapter organized an event titled process of applying and issuing such The topic was further deliberated over
“Emerging Standards of Auditing” at licenses. a panel discussion with panelist Mr. Sir John Templeton's cautionary words, "This time it is different," remind us to approach wealth creation with a
Hyatt Regency, Dubai Creek Heights Abdullah Saleh Al Hammadi, Director pragmatic outlook. At Motilal Oswal, we guide over 2 million clients, emphasizing SMART diversification and
Hotel in Dubai on Tuesday, 23rd May Mr. Emin Mammadov – Partner EY said of Auditors Department - Minister of tailored wealth-creating opportunities to mitigate risks. As Benjamin Graham wisely observed, understanding
2023. that the implementation of a robust Economy, Mr. Abdelrahman Elfeky, what investors ought to do is pivotal amidst the unpredictable nature of financial markets.
system of quality management is of
The event was graced by the presence utmost importance for professional Senior Specialist, Governance and Motilal Oswal embraces India's growth narrative, envisioning a future that surprises on the upside
of Mr. Abdullah Saleh Al Hammadi, firms in serving the public interest. Public Policy and Ms. Hanan Al with GDP to double by 2030 and the show goes on…!
Director of Auditors Department - The International Standard on Quality Thuwaini, Executive, Studies and 8th US$ tn 1 year
Minister of Economy, being the Chief Management 1 (ISQM1) deals with the Research. The panel discussion was The Next Trillion Dollar opportunity
India GDP trend (US$ bn)
Guest and Keynote speaker for the professional firm’s responsibilities to moderated by CA Harikishan Rankawat 5th, 6th, 7th US$ tn 2 years
event. The historical ties and strong have a system of quality management - Chairman ICAI Dubai Chapter and CA 4th US$ tn 3
partnership binding the UAE and India that provides reasonable assurance 3rd US$ tn 7 y
goes back to decades of fruitful co- that the audit and other assurance Prabhdeep Singh Baweja - Regional 2nd US$ tn 7 years
39
494
475
524
operation and our countries have been engagement reports issued are Director - ICAI Middle East & Africa. 1st US$ tn 60 years 21 618 4
465
301
155
constructively collaborating on many appropriate; and the firm and its The esteemed panelist answered a 22 FY60 34 Y70 59 80
mutual beneficial areas. personnel fulfill their responsibilities few questions from the members FY51
and conduct assurance engagements on the subject topic of recognition of
CA Ranjeet Kumar Agarwal, Vice- in accordance with professional the CA profession along with audit
President of ICAI, addressed the standards and applicable legal and Our comprehensive product suite not only capitalizes on this story but also caters to diverse aspirations and
gathering by emphasizing on the regulatory requirements. certification. evolving investment needs. We believe in democratizing wealth creation, providing high-quality research,
important role played by the members advice, and unique products to clients globally.
of one of the largest professional body The speaker Mr. Vinod Kashyap,
in the UAE. He also mentioned that Director of Audit-NGBD, said Auditing In the world's largest democracy, everyone deserves the right to create wealth. Motilal Oswal, with a vast
India is progressing in many ways, Standards are the benchmarks for physical network and digital platforms, makes wealth creation accessible for all—an embodiment of Wealth
at a fast pace and the professionals audit quality and the objectives to be Creation Democracy. Now, extending our services beyond India, we invite you to join us in this journey of ever-
it produces are not only working for achieved during audit. The new auditing rising heights of Wealth & Wisdom. Invest in tomorrow's India today and let your wealth work for you,
the betterment of their home country standards issued by International transcending boundaries and time.
but also for the development of the Auditing & Assurance Board (IAASB)
economies they live and work in. will help in bringing a significant Our Unique NRI Value proposition- Dedicated desk for NRI advisory, Advanced Apps & Platforms, providing
Speaking on the issuing of professional improvement in audit quality. Mr. customised solutions for NRIs (INR & USD) with Investment taxation advisory, backed by 3 decades of Equity
licensing for practitioners, expertise and now physical presence in Dubai… It can get better than this.

We remain passionate about carrying all our clients, stakeholders to ever-rising heights of Wealth & wisdom.

Think Equity.
Think Motilal Oswal
Think NRI
Think Motilal Oswal.

112 www.icaidubai.org