The two day International Conference organised by the Institute of Chartered Accountants of India (ICAI) was inaugurated today, December 6, 2019 at Mumbai. The Conference “Accountancy Profession: Catalyzing Reforms, Creating Values” is 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.

At the outset, Shri Rakesh Sehgal, Acting Secretary, ICAI welcomed all the dignitaries, the members in the profession and esteemed guests.

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 at Mumbai.

Addressing the Conference, Shri T.N.Manoharan 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.”

The two day Conference will deliberate 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.

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 is intended as 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.

CA. Prafulla P. Chhajed, President, ICAI addressing at the Conf. 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.”

He further added “The Conference would be a forum of communication for academicians, researchers, practitioners, and policymakers in the areas of accounting and finance.”

The Conference would have renowned experts in the area of accounting and auditing from international bodies including doyens from Trade and Industry in India. Various sessions are being addressed by eminent personalities 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.