The 73rd President of the Institute of Chartered Accountants of India (ICAI), CA Charanjot Singh Nanda, has laid out his vision for the future of the profession, emphasizing integrity, innovation, nation-building, and professional excellence. In his inaugural message, he described ICAI as his “guru and guiding light”, expressing deep gratitude for the opportunity to serve the world’s largest accounting body and reaffirming his commitment to empowering Chartered Accountants (CAs) as key drivers of India’s financial ecosystem.
CA Nanda stressed that the role of Chartered Accountants has evolved beyond traditional compliance and audit work. Today, CAs are strategic advisors, guiding businesses, industries, and policymakers in complex financial decision-making.
Become PF & ESIC Pro: Basic to Advance Course – Enroll Today
“Chartered Accountants are no longer just record-keepers or compliance officers; we are strategic advisors, empowering economic activities across the nation. Our profession helps the stakeholders navigate complexities, identify growth opportunities, and thrive in an ever-changing economic environment.”
Speaking on ICAI’s continuous efforts to protect the independence of auditors, CA Nanda stated ICAI has submitted a formal representation to Hon’ble Union Finance Minister Smt. Nirmala Sitharaman, expressing concern over the proposed modification in the Banking Law (Amendment) Bill, 2024. This amendment seeks to grant Public Sector Banks (PSBs) the power to determine the remuneration of their Statutory Auditors, a move ICAI strongly opposes.
Read More: Will Removing Long Term Capital Gain Tax Unlock Growth? Experts Highlight 5 Key Benefits
Discussing ICAI’s role in international collaboration, CA Nanda said that the longstanding MoU between ICAI and ICPAK, signed in 2019, has helped both institutions strengthen ties and promote mutual learning. Through interactive sessions, ICAI and ICPAK shared insights on topics such as Unique Document Identification Number (UDIN), Artificial Intelligence (AI), digital learning, and audit quality enhancement.
Become PF & ESIC Pro: Basic to Advance Course – Enroll Today
President announced the launch of five new Representative Offices in the USA, expanding ICAI’s presence into Kansas, Louisiana, Minnesota, Tennessee, San Diego
CA Nanda proudly stated:
Read More: Lowest in India: Telangana’s GST Growth Drops to a Shocking 1%!
“With 52 Chapters and 33 Representative Offices across 47 countries and 85 cities, ICAI is shaping the future of global accounting.”
CA Nanda also highlighted that ICAI made history by becoming the first professional regulator in India to receive this prestigious recognition. He announced that the top three rank holders of the year received the Governor’s Award of Excellence, which included a citation, trophy and a cash prize of Rs. 25,000
He noted that ICAI’s mission remains clear – to empower its members, expand its global presence, and uphold the highest standards of professional excellence.
Read More: GST Cases: Rajasthan GST Department issues Guidelines for Virtual Hearings [Read Circular]
“ With a strong focus on research, excellence, and brand reinforcement, we will ensure that ICAI’s 1.4 million members and students contribute meaningfully to India’s economic progress and global leadership. Together, we will shape a future-ready accounting profession that upholds trust, innovation, and excellence.”
Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
