As his term concludes, the President of the Institute of Chartered Accountants of India (ICAI) has expressed pride in the organisation's significant growth and achievements over the past year. Key highlights include hosting the World Congress of Accountants, developing sustainability reporting standards, and expanding global collaborations. The ICAI has also focused on empowering MSMEs, enhancing audit quality, and promoting financial literacy, while introducing a new education and training scheme aligned with national policies.
Talent wins games, but teamwork wins Championships
As we approach the conclusion of the Council year 2022-23, this is my last communication in the journal as the President of the Institute. I am really mesmerized by the strength of the profession, its pursuit of continuous growth, working steadfastly to inspire trust and confidence amongst stakeholders. When I took over as the 70th President of my beloved alma mater, the second largest global accounting body, I was determined to inspire the y
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FAQ :
The ICAI hosted the first-ever carbon-neutral 21st edition of the World Congress of Accountants (WCOA) in Mumbai, which was attended by approximately 10,000 professionals from over 120 countries.
The ICAI has developed the 'Sustainability Reporting Maturity Model (SRMM) Version 2.0' based on SEBI's BRSR scoring mechanism and rolled out the first audit standard on sustainability information, SSAE 3000.
The ICAI has renewed MoUs with institutions in Oman and Nepal, signed new MoUs with bodies in Poland, Azerbaijan, and Nigeria, and inaugurated six Representative Offices in the United States, expanding its footprint to 47 countries.
The ICAI was inducted into the India Book of Records for its MSME SETU and MSME Yatra initiatives and signed MoUs with various government bodies and institutions to foster an enabling ecosystem for entrepreneurship, MSMEs, and startups.
A New Scheme for Education and Training has been approved, aligning with the National Education Policy 2020, industry expectations, global best practices, and technological advancements. The syllabi have been finalised and await final ministry approval.
The ICAI entered the Asia Book of Records for the 'Maximum Number of Students Participation in Super Mega Career Counselling Programme', with over 1,60,000 students participating across multiple drives.