Final Message from ICAI's current President



Quick Summary
In his final message as President of ICAI, CA. Prafulla P. Chhajed reflects on the institute's growth from its inception to its current status as the world's second-largest accounting body. He highlights key developments during his tenure, including international recognitions, technological advancements, and student-focused initiatives. The message also touches upon ICAI's role in nation-building and its commitment to fostering professional excellence and global opportunities for its members.

The current president of ICAI, CA. Prafulla P. Chhajed, penned down his final message in Februarys Journal. In his finalmessage as the president of ICAI, the presidentwalksus through the illustrious journey of ICAI and has listed a couple of developments that the Institute made in the last month. He
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FAQ :

The main theme is a reflection on the illustrious journey and achievements of ICAI, alongside outlining future developments and opportunities for the accounting profession.

ICAI started with about 1700 members in 1949 and has grown to have 164 branches in India, 34 chapters abroad, and over 300,000 members and 700,000 students, making it the second-largest body of Chartered Accountants globally.

ICAI's qualification has been recognised by UK NARIC as comparable to specific UK regulated qualification frameworks, and ICAI has entered into MRA/MOU agreements with international bodies like ICAEW and CPA Australia.

ICAI has developed a self-service portal for faster transactions, implemented UDINs to establish member identity, and developed the Digital Competency Maturity Model (DCMM) for accounting firms.

ICAI prioritises students by imparting knowledge and skills through innovative ways, undertaking student-friendly initiatives, and offering fee waivers for students from specific regions.

ICAI supports nation-building by extending its network to provide video conferencing facilities for the Income Tax Appellate Tribunal (ITAT) and by supporting the cause of justice.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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