ICAI - PIOB Joint Stakeholders’ Conclave on the theme “Global Audit Oversight: Reconciling Perception Gap” on 9th February 2017, New Delhi - (19-01-2017)
ICAI – PIOB Joint Stakeholders’ Conclave on the theme “Global Audit Oversight: Reconciling Perception Gap” on 9th February 2017, New Delhi – (19-01-2017)
The Institute of Chartered Accountants of India (ICAI) in association with the Public Interest Oversight Board organized the ICAI – PIOB Joint Stakeholders’ Conclave on 9th February 2017 at, New Delhi.
The Public Interest Oversight Board (PIOB) is the global independent oversight body and collaborative effort by International Federation of Accountants (IFAC) and the international financial regulatory community which oversees the International Auditing and Assurance Standards Board (IAASB), the International Accounting Education Standards Board (IAESB), the International Ethics Standards Board for Accountants (IESBA), and IFAC’s Compliance Advisory Panel.
The Conclave was inaugurated by Shri Shashi Kant Sharma, Hon’ble Comptroller and Auditor General of India (C&AG) together with Shri Pradeep Rao Deputy Comptroller & Auditor General [Central Commercial Audit Wing], Mr. Eddy Wymeersch, Chairman – Public Interest Oversight Board (PIOB), CA. M Devaraja Reddy, President – ICAI and CA. Nilesh S. Vikamsey, Vice President – ICAI and was a highly appreciated programme.
The objective of the joint ICAI-PIOB Conclave was to have an insight into the role of the PIOB and the standard setting model, and to have an open dialogue on the challenges of the profession and the experience in India. The discussions dwelled upon the need for stricter compliance and implementation of best practices in safeguarding public interest and how ICAI can also assist PIOB in capacity building in other countries which lack good financial holdings and auditing system.
ICAI has been a forerunner in setting benchmark of excellence, independence and integrity in the accounting profession in the country and to achieve this goal, ICAI have been maintaining a highly visible and transparent policy on rules, limitations, requirements and sanctions that they impose on audit firms and on the audit relationship through our Committees, Peer Review Board and Financial Reporting Review Board.
Part Meeting of International Financial Reporting Standards (IFRS) Foundation Trustees and Joint Stakeholder Event on 13th October, 2016, at New Delhi
ICAI – IFRS Foundation Trustees Joint Stakeholders Event 13th October 2016, New Delhi
The Institute of Chartered Accountants of India (ICAI) jointly with the Trustees of the International Financial Reporting Standards (IFRS) Foundation organized the Stakeholders Event on 13th October 2016, a very special event to address the roadmap of Ind AS and IFRS relationship in India.
As you all are aware that the IFRS Foundation is the oversight body of the International Accounting Standards Board (IASB) and includes governance and oversight, undertaken by the Trustees, and support operations thereof. Further, as a part of G-20 initiative, the Government of India had committed and has converged with IFRS issued by the International Accounting Standards board (IASB) of IFRS Foundation.
The event had detailed deliberations on “Indian Perspective on IFRS’ by the representatives of Chartered Accountancy profession and Government of India.
During the meeting between ICAI and IFRS Foundation leadership on 14th October 2016, the two sides discussed various operational issues related to Royalty, Secondment opportunities for ICAI employees at the IFRS Foundation and contribution by India to the IFRS Foundation were deliberated in detail.
I hope such opportunities and initiatives of ICAI would help build a strong momentum for the Accountancy profession worldwide for India and more similar opportunities would be awaiting in future for ICAI to host such International organizations.
Confederation of Asian and Pacific Accountants (CAPA) Board and Committee Meetings on 20th to 21st October 2016 and ICAI International Conference 2016: “Jnana Yajna: The Quest for Excellence” on 22nd and 23rd October, 2016, Hyderabad International Convention Centre (HICC), Hyderabad
The ICAI International Conference Jnana Yajna – The Quest for Excellence was successfully held in Hyderabad from 22 – 23 October, 2016 wherein more than 3500 delegates from all across the India and World participated. The Conference was inaugurated by Shri M Venkaiah Naidu, Hon’ble Minister of Urban Development, Govt. of India. The International Conference delved on many topics like Accounting Standards, GST, Competitiveness of SMPs, Corporate Fraud, International Taxation and was targeted for capacity building of profession for being relevant in the current context.
In the International Conference H H Shri Chinna Jeeyar Swamji addressed the delegates on Importance Ethics and Moral Values in professional life. Also, Shri Arjun Ram Meghwal, Hon’ble Minister of State for Finance, Govt. of India addressed the International Conference. Ms. Jackie Poirier President, Confederation of Asia Pacific Accountants (CAPA), President, Chartered Accountants worldwide and senior functionary from IFAC, IFRS addressed at the International Conference. The Conference was also, addressed by luminaries from Govt. and Industry namely Ms. Rani Singh Nair ,Chairperson CBDT, Mr. Sanjeev Sharma, Commissioner – APA, Income Tax Department, Ms. Sangita Reddy, Joint MD, Apollo Hospital Enterprises Ltd., Dr. Anil Khandelwal, Members- Bank Board Bureau & former CMD Bank of Baroda to name a few.
The International Conference was attended by about 100 delegates from more than 30 countries, wherein 9 ICAI Overseas Chapter were also present.
Sidelines to the International Conference the Institute also hosted the CAPA Committee and Board Meetings on 20th and 21st October 2016 at Hyderabad. The Confederation of Asian and Pacific Accountants (CAPA) is the Regional Organisation representing national accountancy organisations in the Asia-Pacific region. Today, CAPA has a membership of 32 accountancy organisations in 23 jurisdictions. CAPA also aims to enhance the accountancy standards and development of the profession by promoting harmonisation through the adoption of international accounting standards. To achieve this, CAPA works closely with the International Federation of Accountants (IFAC), other regional accounting organisations, and major international and regional development agencies such as the World Bank, Asian Development Bank, OECD, and UNCTAD to discuss aid projects for developing and emerging economies.
ICAI - IFRS Joint Stakeholder Event on 13th October, 2016, at New Delhi
The Institute of Chartered Accountants of India (ICAI) jointly with the Trustees of the International Financial Reporting Standards (IFRS) Foundation organized the Stakeholders Event on 13th October 2016, a very special event to address the roadmap of Ind AS and IFRS relationship in India. The IFRS Foundation is the oversight body of the International Accounting Standards Board (IASB) and includes governance and oversight, undertaken by the Trustees, and support operations thereof. Further, as a part of G-20 initiative, the Government of India had committed and has converged with IFRS issued by the International Accounting Standards board (IASB) of IFRS Foundation. The event was participated by representatives from Industry and Government representatives.The event had detailed deliberations on “Indian Perspective on IFRS’ by the representatives of Chartered Accountancy profession and Government of India.
Africa- India Partnership: ICAI Conclave with Ambassadors/ High Commissioners of African Continent Nations on 8th August, 2016 (5:30 pm -8:00 pm) at Hotel Le Meridien New Delhi
The International Affairs Committee and Committee on Economic Commercial Laws & WTO of the Institute of Chartered Accountants of India organized an exclusive Africa-India Partnership Conclave 8th August 2016 at New Delhi. The Conclave was attended by Ambassadors/High Commissioners/Trade Consulates from 17 African Countries. Shri Amitabh Kant, Chief Executive Officer, NITI Aayog, Mr. Satbir Singh, Joint Secretary, Ministry of External Affairs, Mr. Sudhanshu Pandey, Joint Secretary, Ministry of Commerce & Industry, Shri Diptiman Das, Chairman and Managing Director, EdCIL (India) Ltd., and CA. Akhil Gupta, Executive Chairman, Bharti Infratel Limited, addressed the Conclave. The Conclave was also addressed by CA. Ved Jain and CA. G. Ramaswamy, Past Presidents of the ICAI. The Representatives from Industry Associations like ASSOCHAM, CII and FICCI were also present in addition to ICAI Council.The objective of organizing the Conclave with African countries was that how the Institute of Chartered Accountants of India can help African countries to establish Accounting Institute in their economies where the same does not exist and in further strengthening the accounting infrastructures in those countries where the same exists. The Conclave also deliberated that how ICAI commitment to promote and facilitate the establishment and strengthening of accountancy infrastructure worldwide.
- International Conference “Accountancy Profession: Spearheading Excellence” was organized on August 7-9, 2015 at Indore that aimed to bring together all its intellectual stakeholders from across the globe. The Conference was inaugurated by Chief Guest ITAT President Justice (Retd.) D D Sud and the Guest of Honour IFAC Immediate Past President, Mr. Warren Allen.
- ICAI alongwith XBRL India hosted the 6th XBRL Asia Roundtable (XART) in Mumbai on January 21, 2016. Representatives from RBI, MCA & BSE shared their experiences.
- ICAI hosted the SAFA Committee & SAFA Board meetings and SAFA-IFAC Regional PAIB Forum from April 22-24, 2016 at Mumbai.
- ICAI Study Tour to UK and Ireland from October 26 to November 2, 2014
- ICAI Study Tour to Australia from September 17-24, 2013
- ICAI Chapter at Brisbane
- ICAI International Conference from November 21-23, 2013
- Meetings of Confederation of Asian and Pacific Accountants (CAPA) and South Asian Federation of Accountants (SAFA) from November 19-22, 2013
- SAARC Charter Day
- ICAI Chapter at Uganda