President IFAC hails Indian Accountancy Profession

Saturday, January 20, 2018

Hailing Indian accountancy profession and professionals for their consistent contribution to the global accounting world and professional fraternity, IFAC President Ms. Rachel Grimes congratulated the Institute of Chartered Accountant of India during ICAI International Conference held in Mumbai in December 2017.

IFAC President Ms. Grimes said that the world had undergone unimaginable changes vis-à-vis the convergence and sustainability in the digital era, which incidentally was the theme of the Conference, and India was an extraordinary example of that progress. She said that this (i.e. Indian accountancy profession) is a profession that whole India should be proud of. She also acknowledged that it was but appropriate that an international discussion was required about convergence and sustainability in the digital era in India.

India’s leadership in many areas of IT has made the world a more connected place, where we can trade and develop economies, she informed. She also talked about a proposal of different ethical standards for different stakeholders, viz. people from industry and practice. Acknowledging ICAI’s outstanding contribution to India’s growth and prosperity. She also stressed on the need to widen the scope of profession by assimilating the technological advancements and developments including that in Artificial Intelligence.

IFAC President Ms. Grimes also informed that the ICAI President CA. Nilesh S Vikamsey would be among the special advisors of IFAC President on the policy matters of the Federation.