CONFERENCE ITINERARY FIRST SAFA-EFAA JOINT SEMINAR On November 2nd - 3rd, 2011 at India Habitat Centre, New Delhi Date Nov. 2 , 2011

Event Planned Registration of Participants

10.00 to 11.30 HRS

Inaugural Session

Welcome Address by Mr Muhammad Rafi, Vice President SAFA Address by Mr A N Raman, President SAFA Address by Mr Geoffrey Britton, President EFAA

President: A N Raman, ICWAI, India (Email : [email protected])

Inaugural Address by Mr R P N Singh, Hon'ble Minister of State for Corporate Affairs, Government of India

Special Address by Mr Naved Masood, IAS, Hon'ble Secretary to Government of India, Ministry of Corporate Affairs Concluding remarks by Mr T. Karthikeyan, Permanent Secretary SAFA Contact Break

11.30 to 12.00 HRS 12.00 to 13.30 HRS

Permanent Secretariat : c/o The Institute of Chartered Accountants of India (ICAI), ICAI Bhawan, Post Box Number 7100, Indraprastha Marg, New Delhi - 110002, India (Website : www.esafa.org). 13.30 to 14.15 HRS

SESSION II

THE EUROPEAN FEDERATION OF ACCOUNTANTS AND AUDITORS FOR SMEs (“EFAA”)

14.15 to 16.00 HRS

Accounting Challenges

European Federation of Accountants and Auditors for SMEs Rue Jacques de Lalaing, 4 B-1040 Brussels, Belgium Telephone : 00322738886/Fax : 003227362964 (Website : www.efaa.com)

Current Developments in Europe on SME Accounting : Mr Federico Diomeda, CEO, EFAA

Issues and Experience in Translation of IFRSs to South Asian SMEs : Ms. Nilanthi Sivapragasam, FCA FCMA, CFO, Aitken Spence Group SESSION III Nov. 3rd, 2011

10.00 to 11.30 HRS

SMPs and Performance Regulatory and Other Interventions for Improving Cost Management Practices Management in Asian Region : Mr B B Goyal, Advisor (Cost), Ministry of Corporate Affairs, Government of India

CEO: Federico Diomeda, EFAA (Email : [email protected]) Director: Marie Lang, EFAA (Email : [email protected])

SMPs Creating Business Opportunities for SMEs Through Professional Networking: Mr Federico Diomeda, CEO, EFAA and Mr Giulio Veneri, CEO, Interprofessional Network Challenges to SMPs in South Asia: CA. S. Santhanakrishnan, Central Council Member ICAI & Chairman, Committee on Information Technology

Networking Lunch

President: Geoffrey Britton, EFAA (Email : [email protected])

Tea/Coffee SESSION I SMP Challenges Moving from Accounting and Audit to Advisory Role

Best Practice Management - The Practitioner's View : Mr Geoff Britton, President, EFAA Contact Break

Networking Lunch

11.30 to 12.00 HRS 12.00 to 13.30 HRS

Tea/Coffee SMPs and Auditing Standards

Emerging Challenges for SMPs with Auditing Standards: Mr Federico Diomeda, CEO, EFAA Challenges in Building Auditing Standards in The South Asian Region and Way Forward : CA. Abhijit Bandyopadhyay, Central Council Member, ICAI & Chairman, Auditing & Assurance Standards Board Developing Auditing Standards on Cost Audit Framework: Mr Rakesh Singh, Vice President, ICWAI and Chairman, Cost Accounting Standards Board, ICWAI

13.30 to 14.15 HRS 14.15 to 15.30 HRS

Round Table Meet

Conclusion

Strategies for Networking The SAFA and EFAA SMPs and Way Forward for a win win Situation. Four EFAA people in this Session

(SAFA, An Apex body of SAARC)

Organises

A Two Day Joint Seminar on SAFA-EFAA Alliance

Ensuring Eminence of South Asia in the world of accountancy

Jointly organized in India by O D W RK N

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COU AC

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TITUTE OF COST INS A

Signing of SAFA-EFAA MOU

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Vice President: Muhammad Rafi, ICMA, Pakistan (Email : [email protected]) Permanent Secretary: T. Karthikeyan, Secretary, ICAI, India (Email : [email protected])

H S E D SOUTH ASIAN FEDERATION A L N G A N T U BA IAOFBACCOUNTANTS H D N I ILANKA SR ISTAN K A P AL N A B H P S SAFA E NE GLA D NIND A N T A B IA BHU I R S INDILANKA K A P SR ISTAN E N K A P AL P E N T

SOUTH ASIAN FEDERATION OF ACCOUNTANTS (SAFA)

nd

Session Details

IA

Administrative Details

Time 9.30 to 10.00 HRS

EFAA

interest of the broad economic development of SAARC Region. For this purpose SAFA shall undertake such functions as are necessary for the achievement of its mission including the following:

F To understand the profession in the regional context and continuously work towards its development in keeping with global trends.

F To participate and play the leadership role on the International forums. F To promote and harmonize accountancy profession in SAARC Region and in keeping with global development.

F To play promotional role for the countries within its jurisdiction, where the accountancy profession does not exist or is not sufficiently developed.

F F F F

To act as an interface between international bodies and member-bodies.

The economies in the South Asian region are increasingly becoming the engine of Growth for the World. Similarly United Europe has the potential to offer solutions to the problems being faced by various countries. Professionals in both the regions play a critical role in the channelisation of resources for the use by the respective nations in an optimum manner. It is a matter of pride that SAFA representing the accounting profession in the South Asian Region and EFAA, on behalf of Small and Medium Accounting Practitioners in Europe have decided to pool together their respective expertise and thrive for win win strategy for both the associations through networking, which is the norm now a days.

SEMINAR OBJECTIVE Being the first in series, the objective of the Seminar is the Curtain Raiser marking SAFA-EFAA's coming together for a beneficial purpose. It is proposed to sign a Memorandum of Understanding (MoU) between the two associations during the seminar. This MoU will focus on the sharing of knowledge and working out practical aspects to remove the bottlenecks perceived by the associations.

ABOUT SAFA South Asian Federation of Accountants (SAFA) was formed in the year 1984 to serve the accountancy profession in the South Asian Region and uphold its eminence in the world of accountancy. SAFA is an Apex Body of the South Asian Association for Regional Co-operation (SAARC) and a Regional Grouping of International Federation of Accountants (IFAC). SAFA represents over 2,50,000 accountants having membership of the national chartered accountancy and cost and management accountancy institutions in the South Asian countries namely Bangladesh, India, Nepal, Pakistan and Sri Lanka. SAFA came into existence at the initiative taken by the accounting professional bodies in the South Asian Region, which carries a blend of culture and homogeneity of professional environment. The Institute of Cost & Works Accountants of India (ICWAI) and The Institute of Chartered Accountants of India (ICAI) are the members of SAFA representing India.

OBJECTIVES OF SAFA SAFA shall, in the public interest, work towards strengthening the accountancy profession and subserve in the

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1. Name_____________________________________________

2. Designation ________________________________________

3. Organisation _______________________________________

To promote and develop state-of-the-art research compact. To carry out such other activities as are considered incidental or ancillary to the above or considered expedient in furtherance of the development of Accountancy in the SAARC Region.

4. Address _______________________________________

__________________________________________________

The European Federation of Accountants and Auditors for SMEs (“EFAA”) represents accountants and auditors providing professional services primarily to small and medium-sized entities (“SMEs”) both within the European Union and Europe as a whole. Constituents are mainly small practitioners (“SMPs”), including a significant number of sole practitioners. EFAA's members, therefore, are SMEs themselves, and provide a range of professional services (e.g. audit, accounting, bookkeeping, and tax and business advice) to SMEs.

SAFA with the joint support of ICWAI and ICAI is pleased to organise two-day "Seminar on SAFA EFAA Alliance" at New Delhi, India.

ards, 2nd Novem am onw ber- 3rd 0 3 : 9 No a Hall, India Habitat Ce gnoli ntre, L vember, 20 Ma odi R 11 oad, New D

To promote and set professional standards.

ABOUT EFAA

ON THE SEMINAR

REGISTRATION/ CONFIRMATION FORM

EFAA was founded in 1994 and has 14 members throughout Europe representing over 250,000 accountants and auditors.

__________________________________________________

5. Country ___________________________________________

6. Contact No(s) _______________________________________

7. Email ____________________________________________

OBJECTIVES OF EFAA The main objective of EFAA is to ensure that the interests of small and medium-sized enterprises (SMEs) and the interests of the small and medium-sized accounting and audit practitioners (SMPs), who serve them, are effectively represented and considered at European level.

8. Fee details (Rs. 2000/-) __________(Cash/DD)_____________

In this perspective, EFAA focuses on becoming increasingly influential in the EU and internationally. EFAA will achieve that by

F F F F F

Monitoring the work of the EU institutions and assisting the work of International Standard Setters Influencing legislation and regulation to reflect SME concerns Building contacts with the European Commission and relevant institutions

Your Business Card

Co-operating with other European and International representative organisations Participating in the technical work of EU and International committees.

In doing so, EFAA, together with its member bodies, provides high quality comments on all relevant issues as to SMEs and SMPs.

Date: 2nd - 3rd November, 2011 Venue: Magnolia Hall, India Habitat Centre, Lodi Road, New Delhi, India

Please return this confirmation form to Sudhir Kumar Sharma Executive Secretary South Asian Federation of Accountants (SAFA) Joint Director (Technical), The Institute of Cost and Works Accountants of India ICWAI Bhawan, 3 Institutional Area, Lodhi Road, New Delhi- 110003 Phone : +919811004329 (M) Email : [email protected]