ICAI to announce awards

Last updated: 20 October 2007 Follow on Google News

Accounting professionals who silently play a pivotal role in shaping the financial health of business houses will now come into the limelight. The Institute of Chartered Accountants of India (ICAI) has decided to honour its members for demonstrating excellence, playing an exemplary role in industry and creating value for their company’s stakeholders on a sustainable basis. As a part of its strategy to popularise the profession, the institute has decided to institute awards to add glamour to the profession. The ICAI, the apex body of over 1.40 lakh chartered accountants, is in the process of recasting the profession in the light of the changing environment. Institute president Sunil Talati is working on a Vision 2021 document, which aims at reinventing the profession in the light of changing expectations of stakeholders, challengers, changes in competitive environment and emerging models of civil society. Meanwhile, to meet the demands of industry and open new avenues for its members and students, the ICAI is set to launch new placement platforms. The apex body of CAs would organise campus placements for candidates who are yet to clear their final exams. It will also provide a platform to headhunters to recruit experienced CAs, who are looking for new opportunities. “With the economy growth settling in two digits, an acute shortage of CAs is felt by corporates. To overcome this situation, we have decided to organise a ‘career ascent’. The event would include providing job opportunities to the semi-qualified candidates who have completed their CA intermediate or PE-II examination and also their articleship training, but are yet to pass their CA final examination. It is also an event to provide CAs in industry having 3-10 years of experience with growth and career prospects enabling them to achieve full potential ensuring them the careers that best suit their skills sets,” said ICAI’s committee for members in industry-chairman, Uttam Agarwal. The institute is already conducting campus placements for fresh pass outs. It is for the first time that CA students would be able to participate in the campus recruitment. The move would be a boon for candidates who have studied the CA course, but have not been able to clear the final exams. The award ceremony and career ascent would take place in Mumbai during the four-day event corporate forum in mid-January. ICAI would award launch categories such as CA business leader-corporate, CA business leader-SME, CA young leader, CA professional manager, CA professional manager-public sector/government sector, CA professional manager-international. The institute is planning make it an annual affair and position it as one of the most reputed awards in the world of finance and accounting. During the event, FinSummit, a three full-day industry-focused event would also be held on information technology, construction and investment banking industries.

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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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