The two day International Conference on 6-7th Dec. organised by the Institute of Chartered Accountants of India (ICAI) recently concluded in Mumbai. The Conference “Accountancy Profession: Catalyzing Reforms, Creating Values” was a part of ICAI’s effort to dwell deeper into emerging paradigm of Accountancy Profession and bring the Indian and global perspective together on issues that are of contemporary relevance while ensuring continuous professional development of its members.
Padma Shri CA.(Dr.) T.N. Manoharan, Past President, ICAI and Mr. Alan Johnson, Deputy President, International Federation of Accountants (IFAC), CA. Prafulla P. Chhajed, President, CA. Atul Kumar Gupta, Vice-President, Central & Regional Council Members of ICAI were present during the inauguration of the Conference.
On the 2nd day of the Conference, the participants were addressed by important dignitaries Shri Suresh Prabhu, Hon’ble Member of Parliament (Rajya Sabha)& Prime Minister’s Sherpa to G7 & G20, Shri Thomas Chazhikadan, Hon’ble Member of Parliament (Lok Sabha).
The Conference deliberated on the issues related to Taxation Reforms, Future of Corporate Reporting, Auditing reforms, Creation of Stakeholder Value, Technological Reforms and alike and will provide an apt opportunity for delegates to empathize the challenges and opportunities available while dealing with areas of contemporary and emerging interest in global economy.
While addressing the Conference, Shri Suresh Prabhu, Hon’ble Member of Parliament & Prime Minister’s Sherpa to G7 & G 20 said “Chartered Accountants are essential pillars of the economic system. I am myself is a very proud member of the CA profession.”
He further added “Chartered Accountant as a community and ICAI, as a body can also contribute significantly to the economic growth. The combined intellectual capital of the CA fraternity under able leadership of ICAI would be able to reach the goal of quality economic growth.”
Shri Thomas Chazhikadan, Hon’ble Member of Parliament said “Chartered Accountancy profession is one of the oldest profession and is more relevant nowadays. The history of accountancy profession is thousands of years old and can be traced back to oldest ancient civilization. In my opinion one of greatest advantage in the history of accountancy profession is invention of double entry system of book keeping. Without accountancy there could not have been any industrial revolution, most of the innovations or inventions would have been inaccessible to humanity.”
Padma Shri CA.(Dr.) T.N. Manoharan, Past President, ICAI said “If there is one profession which is an integral part or almost co-existent and growing along with the growth of the economy, it is the profession of Chartered Accountancy.”
He further added “I congratulate ICAI for its commitment to the fundamental principles of excellence, independence and integrity. ICAI has been continuously making an intense and concentrated effort to train and educate its members & students with latest knowledge that helps them in providing sustained resilient reporting practices in the dynamic market place.”
Mr. Alan Jonson, Deputy President, IFAC shared “ICAI is a distinguished member of IFAC family & also a founding member. The Institute is effectively supporting this noble profession of accountancy since 70 years.”
He further added “This Conference is an apt platform for one to one interaction and exchange of ideas amongst the global and local accounting fraternity. I am glad to share that ICAI is a perfect choice to host World Congress of Accountants (WCOA) in 2022 as ICAI’s vibrancy and contribution to overall development of this profession is commendable.”
The Conference aimed to provide a forum for establishing interface with regions most influential thought leaders in the field of accounting, finance & business. Participants from academics, researchers, practitioners and policy makers are sharing their insights towards cutting-edge information on global trends, issues and challenges.
Addressing at the Conference CA. Prafulla P. Chhajed, President, ICAI said “This Conference aims to highlight the enabling role of Accountants in catalyzing reforms and at the same time creating economic values including exploration of new pathways to accounting excellence for the next generation of accountants.”
Sessions and panel discussions were addressed by renowned experts in the area of accounting and auditing from international bodies including doyens from Government Sector, Regulators, Global Accountancy Forums, Industry and practitioners etc.
CA. Atul Kumar Gupta, Vice-President, ICAI said “At ICAI, we attempt to acclimatize our fraternity on various regulatory and technological trends and issues; explore to increasingly meet stakeholders’ expectations and develop new ideas and thoughts for advancing financial reporting, standards setting and innovate new business models for Governance led growth. This Conference is yet another stride towards this direction.”
The Conference was attended by over 1100 professionals from Pan India and overseas.