CA Umang V Agrawal has been appointed as a member of Research Committee of The Institute of Chartered Accountants of India (ICAI). CA Umang V Agrawal is the immediate Past Chairman of Nagpur Branch of WIRC of ICAI.
The Research Committee is a non-standing Committee of ICAI set up in 1955 with a view to undertaking research activities to further improve the quality of services rendered by the profession.
The primary objective of the Research Committee is to undertake research in the field of accounting and other affiliated areas with a view to enhancing the value of services rendered by the profession. The ICAI, through its Research Committee, has continuously been striving to provide general guidance for recording and reporting complex accounting transactions in accordance with the accounting principles laid down in accounting standards.
The Research Committee also conducts an annual competition, ‘ICAI Awards for Excellence in Financial Reporting’ with a view to improving the presentation of financial statements, informs a press release.
The Chairman of the committee is CA Babu Abraham, Central Council Member. The committee consists of chartered accountant members from different parts of the country.
While Speaking to Taxscan, CA Agrawal expressed his pleasure on being appointed as member of an important committee. He thanked the President of ICAI, CA Prafulla Chajjed and the council to allow him contribute to the profession through the activities of the committee. ‘I am grateful to have this opportunity to work with intellectual people, helping the fellow professional upgrade their knowledge and fine tune the quality of services being provided by our members throughout the country.’, he added. He also hope to see more young Chartered Accountants to voluntarily involve themselves into research activities in the field of Accountancy and Auditing and create a mark for themselves in the professional arena.
