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VOLUME 72 NO. 02 PAGES -132 AUGUST 2023 `100

32 Artificial Intelligence – A Game-Changer for

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Chartered Accountants
JOU R NAL OF TH E I N STITUTE OF CHARTE R E D ACCOU NTANTS OF I N D IA
- Usha Ganapathy Subramanian, A. Sekar,
Embracing Technology - Empowering
Ethics & Trust for Financial Excellence
Dr. Ranjith Krishnan

40 Importance of Cloud Computing

in the Emerging Financial
The Chartered Accountant

Environment
- Pranay Chauhan

45 Big Data and Its Impact on the Accounting

Industry
- CA. Umesh Rijal
` 100

50
ICAI - SET UP BY AN ACT OF PARLIAMENT

AI Auditing for Chartered Accountants

- KP Shashidharan
AUGUST 2023
IN THIS ISSUE... 58 Audit of Robotic Process Automation (RPA)
Software BOTs
- CA. Prashant Bhaskar
VOICE
3 Editorial
- Charting India’s Prosperous Path:
TAXATION
Independence and Technology in Chartered 66 Asset Accounting and related Income Tax
Accountancy Provisions - A practical approach
6 From the President - CA. N. Srinivas, Prof. V. Krishna Mohan
CONTENT

73 Coverage and Impact of Tax Residency

certificate in case of change in Domicile
MEMBERS - CA. Amit Rustagi

10 Photographs

15 Report
Celebrating 75th Chartered Accountants’ GST
Day: Recognizing Contributions and Inspiring
Professionalism 77 An Evaluation of GST Reforms on
Indian Tourism Industry
20 Know Your Ethics - CA. Sanjeev Singh Thakur, Prof. (Dr.) Anoop Pant

23 Opinion 83 Supply of Capital Goods under GST:

Small anomaly, huge Impact
120 Classifieds - CA. Preeti Parihar

UPDATES ACCOUNTING STANDARDS

120 Accountant’s Browser 87 Assessing the Impact: A Post-Implementation
Review of IFRS 15
121 Legal Updates - CA. Parminder Kaur, CA. Ekta Gurnasinghani,
CA. Savita Gupta,
- Legal Decisions
- Circulars and Notifications

THEME VALUATION
28 Digital Transformation in the auditing 92 Value Return - Making Costs more Effective
profession – Are you ready? - CA. Nelatur. Syamasundaran
- CA. Shraddha Khivasara

4 AUGUST 2023 www.icai.org

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CONTENT
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EDITOR-IN-CHIEF CA. ANIKET SUNIL TALATI

Editor-In-Chief
JOINT EDITOR CA. RANJEET KUMAR AGARWAL
Joint Editor
MEMBERS CA. VISHAL DOSHI
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CA. PRITI SAVLA

BANKING AND FINANCE

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CA. (DR.) DEBASHIS MITRA
96 The Role of G2P Payments in India’s Economic CA. ABHAY CHHAJED
Empowerment and Sustainable Development – CA. PRAKASH SHARMA
A Theoretical Perspective CA. KEMISHA SONI
- Dr. Kavita Jain CA. (DR.) RAJ CHAWLA
CA. HANS RAJ CHUGH
CA. CHARANJOT SINGH NANDA

INSOLVENCY
CA. (DR.) SANJEEV KUMAR SINGHAL
DR. P. C. JAIN
CA. M. DEVARAJA REDDY

100 Introduced conjunction clears confusion- CA. ANANDRAJ NAHAR H K

An analysis CA. MANISH AKHILRAY BAXI
- CA. Uttam Padival CA. RUTVIJ P. SHAH
CA. SHAH DILIPKUMAR VADILAL

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