1. Committee on Public Finance & Government Accounting, ICAI

2. Thrust Areas of Committee on Public Finance And Government Accounting
Research and Development in Public Finance and Government Accounting System to ensure proper utilization and control over Public Finance.
Provide Technical inputs to the Central, State & Local Government in the areas of Policy assessment, planning and execution in public finance.
Collaboration with Comptroller & Auditor General of India (CAG), Controller General of Accounts (CGA) and various Ministries for developing a mechanism of improving the Government Accounting System.
Enhancing the accountability and transparency in public service delivery mechanism.
To bring out newsletters, publications, and other useful inputs in areas of contemporary issues related to public finance and government accounting.
Cont…

3. Thrust Areas of Committee on Public Finance And Government Accounting
To explore the possibility of entering into Memorandum of Understanding (MoUs) with different government departments for capacity building of these departments to carry out accounting reforms.
To undertake and organize training programmes, Seminars, Workshops and Summits and harnessing technology to deliver better services through Webcasts to enhance understanding of issues concerning Public Finance & Government Accounting.
Enhancing the role of members of the Institute of Chartered Accountants of India in Public Finance and Government Accounting.
The Committee also works for financial literacy, conversion of single entry to double entry, from cash to accrual basis accounting system, economic aspects of the country and many more…

4. Deliverables
Showcase new and upcoming regulations w.r.t. Government Departments
Shifting from Single Entry to Double Entry/Cash to Accrual Accounting
Training on Finance for Non-Finance professionals
Accounting and Public Finance Reforms
Strengthening participation of members in improving the Government Accounting system
Financial Literacy through Awareness Programmes, Seminars etc.
Liasioning with Local Bodies, Government Functionaries for their capacity Building initiatives
Professional Opportunity for Members,

5. Our Endeavours Cont… ADVISORY
Technical inputs provided to C&AG, CGA, RBI, SEBI, CBDT, CBEC, IRDA etc
Observation Report on Convergence of Resources of the State Meghalaya
Offered ICAI services on Tax Administration Reform Commission.
Expert Group advisory to Dept. of Public Enterprise, Govt. of India on The Revised Schedule-VI under the Companies Act.
Submit the inputs to Ministry of Finance, Govt. of India on the Economic Survey released every year for the service sector chapter.
Implementation of an Accrual Based Double Entry Accounting System in Kerala State Insurance Department (KSID)
Cont…

6. Cont… INPUTS ON ACCRUAL ACCOUNTING Provided to:
Representatives and Officials of Jodhpur Municipal Corporation
Representatives and Officials of Rajkot Municipal Corporation
Officials of Municipal Corporation Greater Mumbai
Staff in the Postal Accounts Offices in PAN India basis
Govt. officials of UT of Lakshadweep
Officials of Agartala Muncipal Council, Tripura
Officials of Kohima and Dimapur Muncipal Council, Nagaland
Officials of Finance Department, Govt. of Mizoram
Officials of Employees of State Insurance Corporation (ESIC)
Officials of Survey of India, Hyderabad…
Cont…

7. Cont… TRAINING PROGRAMMES
Officials of Comptroller and Auditor General (C&AG) of India
Members of Legislative Assembly of Rajasthan and Jharkhand
Government Nominees on the Board of Directors of PSU’s of Kerala
Staff of State Autonomous Bodies on “Preparing Annual Accounts in Common Format of Accounts by SAB’s”
Joint State Summit with Centre for Taxation Studies, Govt. of Kerala
Officials of the Dept. of Public Enterprises, Ministry of Heavy Industries & Public Enterprises
Vat officials of Trade & Taxes Department of Government of Delhi
Officers of Superintendent of taxes, Govt. of Mizoram
Officials of Survey of India, Officers of Public Enterprises Department, Govt. of Assam and Officials of Finance Dept., Govt. of Tamil Nadu
State level Public Enterprises (SLPES) of Andhra Pradesh/ Madhya Pradesh/ Himachal Pradesh/ Karnataka
Panchayat Secretaries
Central Public Sector Enterprises in Pharma Sector
Cont…

8. 2015-16- The Year That Was…. Cont… PUBLICATIONS
The Committee on Public Finance & Government Accounting has prepared following publications in the year :
“The Dynamics of Local Governance in India” which was launched during the Annual Function of the Institute held on 11th February 2015.
“Government Accounting Reforms: An Overview” which was during the Annual Function of the Institute held on 11th February 2015.
Hand out on “Quick Insight on Accrual Accounting” was launched during the Annual Function of the Institute held on 11th February 2015.
“Commonly Used Terms in Public Finance & Government Accounting” was launched both in English and Hindi during the CA Day on 1st July 2015.
The above publications were launched by the august hands of CA. Piyush Goyal, Hon’ble Minister of State (I/C) of New and Renewable Energy, Power & Coal.
Cont…

9. 2015-16- The Year That Was…. Cont… Major achievements of the Committee
National Record Certificate received from Limca Book of Records
National Conference on the theme “Rising to the Challenges-Redefining our Role” was organised by Committee on Public Finance & Government Accounting (CPF&GA) and Committee on Banking, Insurance and Pension (COBIP) of ICAI on 30th& 31st December 2014 and hosted by Jaipur Branch of CIRC of ICAI has been featured in esteemed book of records as a National Record in the Limca Book of Record.
This event registered the participation of 4307 Chartered Accountants and made it the largest gathering of professionals at Jaipur. On the same days, another programme, Student’s Counselling Programme Career in Accounting and Finance for Youth (CAFY) was also organised wherein 22,128 students of class X- XII from different schools across Rajasthan attended this programme at Jaipur.
Cont…

10. 2015-16- The Year That Was…. Cont… Major achievements of the Committee
National Record Certificate received from India Book of Records
The National Conference on the theme “Rising to the Challenges-Redefining our Role” organised by Committee on Public Finance & Government Accounting (CPF&GA) and Committee on Banking, Insurance and Pension (COBIP) of ICAI on 30th & 31st December 2014 was hosted by Jaipur Branch of CIRC of ICAI .
This event has been featured in esteemed India book of Records. This event registered the participation of 4307 Chartered Accountants and made it the largest gathering of professionals at Jaipur. Similar National record in the India Book of Records has also been registered for organizing career counselling event wherein students participated of class X-XII.
Cont…

11. The Year That Was….
AWARENESS PROGRAMMES ORGANISED BY COMMITTEE ON PUBLIC FINANCE & GOVERNMENT ACCOUNTING
Awareness programmes on the theme “Rising to the Challenges in Public Finance & Government Accounting” were organised by following branches of ICAI under the aegis of Committee on Public Finance & Government Accounting during the year :
Jalgaon Branch of WIRC of ICAI on 24th April 2015
Rudrapur Branch of CIRC of ICAI on 14th May 2015
Eastern India Regional Council of ICAI on 13th June 2015
Kottayam Branch of SIRC of ICAI on 8th August 2015
Trichur Branch of SIRC of ICAI on 7th September 2015
Cont…

12. The Year That Was….
WEBCAST ORGANISED BY COMMITTEE ON PUBLIC FINANCE & GOVERNMENT ACCOUNTING
Committee on Public Finance and Government Accounting organised a webcast on the theme of “Public Finance system in India- Recent Initiatives, Challenges and Away Forward”. The said Webcast was presented by the learned faculty Shri Tapas K. Sen, Professor, National Institute of Public Finance and Policy on 15 may 2015.
The objectives of organising this Webcast was to harness technology to enhance understanding on the issues of Public Finance and Government Accounting and reaching members at large and other stakeholders.

13. 2015-16- The Year That Was…. Cont…
During the year following seminars and conferences were organised for the members of the profession:
Agra branch of CIRC of ICAI under the aegis of Committee on Public Finance and Government Accounting of ICAI organised a “National Conference on the theme Make in India-A professional opportunity for CAs” on 19th and 20th December, 2015.
Three Days Residential Refresher Course at Alleppey, Kerala from 5th to 7th February 2016 hosted by Alleppey Branch of SIRC of ICAI..
Cont…

14. RESEARCH INITIATIVES OF COMMITTEE
The Year That Was….
RESEARCH INITIATIVES OF COMMITTEE
The Committee is also involved in various studies/research proposals in the field of Public Finance and Government Accounting, the Committee has invited Research Proposals for the council year on the following topics:
1. Study of “Government Accounting System in Developed and Developing Countries- A Comparative Analysis”
2. Study of “Public Finance Structure: National & International Perspective”
3. Study of “Government Schemes, their Financial Implications and Impact to the targeted Population”
In this direction, The Committee on Public Finance & Government Accounting has constituted two separate sub groups and conducted the meeting of both the sub-groups on 24th December 2015 at ICAI Bhawan, New Delhi and sub group members deliberated the report / synopsis and suggestions so provided were sent to the researchers for finalization of the reports.
E-newsletter: Committee regularly comes out with a quarterly e-communique of the Committee named “Prudent” which highlights the major initiatives of the committee and gives an insight on the recent regulations and changes in the field of Public Finance and Government Accounting.

15. Join Hands With Us The Institute of Chartered Accountants of India
(Set up by an Act of Parliament)
Secretariat,
Committee on Public Finance and Government Accounting
ICAI Bhawan , A-29, Sector 62
Administrative Wing, Noida
Phone: /968,
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