Action Plan 2009-

2010

International Affairs
Committee

The Institute of Chartered

Accountants of India
 Positioning the
Indian Chartered
Accountancy &
Auditing Profession
Globally
Establishing contact points/liaison offices in major cities
worldwide and opening up of ICAI offices in countries with
sizeable presence of members of ICAI.

Raising profile of ICAI and Indian accounting profession
in international forums of accountancy and related
organizations.

Popularizing Indian CA qualification in countries of
interest to Indian accounting profession through an
aggressive strategy – by enhancing publicity in the foreign
magazine

 Representation on Technical Committees of Foreign

Accountancy Bodies abroad and vice- versa.

 Providing link of ICAI website on the website of foreign

accounting bodies.
Capacity Building
of the
Profession
 Organizing events/ symposium with International
Standard Setters and Program Organizing unit so as to
carry forward the task of preparing members for
International Standards at the grass root level.

 Initiating steps for recognition of Indian

qualification in foreign countries through Mutual
Recognition Agreement.

 Participating in the projects of the Multilateral

Agencies and involving participation of members.

 Studying the best practices globally to align the

ICAI education as per the emerging imperatives .

 Promoting students exchange programme and staff

exchange programmes

 Facilitating Member exchange programme

 Technical
Cooperation to
Developing and least
Developed Countries
 Continue to provide technical support to accounting
bodies in SAARC Region.

 Assuming a mentorship role through IFAC/CAPA/SAFA,

or otherwise, in development of accounting profession in
underdeveloped/developing nations, and promoting
compliance in standards of accounting and auditing in
those countries.

 Providing technical and administrative help in

institutionalization of accountancy profession in under
developed and developing economies.

 Providing capsule courses to accountants on IFRS,

Accounting, Government Accounting, Public Sector
Accounting from developing and under developed
economies.
Resource Sharing
 Providing a reservoir of information regarding Study Material,
Question Papers and basic information about the Chartered
Accountancy profession of Accountancy Bodies across the World
so as to facilitate global networking of accounting bodies abroad.

 Strategic collaboration with relevant international bodies for

exposure of the accounting profession in India to the best
practices followed worldwide, and, knowledge networking

 Organizing workshop-involving participation of speakers from

foreign accountancy bodies to share their country experiences on
the issues relating to accounting and allied areas as a measure of
CPE programme.

 To be proactive in International standards setting process by

making international documents available to Indian members and
inviting comments on the exposure drafts. This would involve
participation of members in the International Standard Setting
process and also help the members to acquaint themselves with
the International Standards.
Trade Facilitation
Liaison with International forums like UNCTAD,
European Commission, World Bank and Asian
Development Bank to apprise them of developments
nationally by organizing joint interaction with them

Promoting ICAI as one stop gateway for all the

enquiries relating to trade facilitation.

Establishing contact with the trade/ Chambers of

Commerce in developing/ developed countries to
position the Indian Chartered Accountant.

Establishing collaboration with apex trade associations

and organizing CFO meet during the visits of Foreign
delegations to India.
Towards increased
mobility of ICAI
Members
 Creating a portal as a tool for networking and
knowledge sharing of members of the accounting
profession across the globe by associating organisations
like XBRL, IIN in the process.

 Taking steps to promote bilateral cooperation between

ICAI & other Accounting Bodies through MRA dialogue.

 Focus on promoting non regulatory services to be

exported globally.

 Launching of ICAI curriculum outside India.

 Representation
before Government
accruing of
International
Developments
 Liaising with regulators and other organizations for
recognition of ICAI qualification

 Utilizing resources of Indian Embassy abroad as

brand ambassadors for promotion of Indian
accountancy profession abroad.
 Services to
Students and
Members Abroad
 Using ICAI web for Networking with Members of
International Bodies

 To identify major knowledge domain areas which

could provide a gateway to members in emerging areas
like KPOs.

 Opening Representative Offices in major countries

across the globe.

 Being a focal point for assuming the role as an

opinion maker by disseminating/ making the foreign
view point received through any medium including visit
of foreign delegations by making them available to the
notice of Government regulators, think tank and others
 Publication and
Research Activities
 Joining hands with Accountancy Bodies for
commonality of views on important matters relating to
standard setting.

 Organizing joint research in contemporary areas with

other accountancy bodies.

 Creating more internal resources by requesting the

international bodies to share their periodicals, research
with ICAI.
 Professional
Opportunities Abroad
 Strengthening interface between the Institute and
the members abroad in order to provide more and
better services to them and take their inputs for
external reach of the Indian accounting profession.

 Pursuing best endeavour approach for MRAs keeping

in view mutuality of interest and following a just and
reasonable approach.

 Appointment of Consultants abroad to explore

professional opportunities abroad for members in India.

 Sharing information about availability of professional

opportunities abroad through website of ICAI.
Augmentation
&
Consolidation
 Pre- qualification assessment of major accountancy
bodies of World.

 Bringing Non Members Indian CAs abroad into fold

of ICAI membership

 Compilation of directory of Foreign members

 Introduction of Best Chapter award

 Inviting cooption on the International Affairs

Committee from abroad.
 Thank You

The Institute of Chartered

Accountants of India