Research is what propels humanity forward towards growth and innovation. Decades of research have brought us to a level where we are today i.e., a civilized society with the knowledge and tools to move forward.
The foremost concern in any discipline of study, practice or a profession is consistent introspection, research and efforts to ensure its sustainability in the light of emerging requirements. The profession of Chartered Accountancy has been extremely mindful of the above and providing acute impetus towards this objective through its dedicated endeavours. The Chartered Accountants are gradually carving out their niche as global professionals and contributing towards exploring new horizons for the profession.
We are pleased to announce that The Institute of Chartered Accountants of India (ICAI) is organising the 3rd “ICAI International Research Awards' under the aegis of the Research Committee, to recognise and honour the research scholars from across the world in the fields of Accounting, Auditing, Economics, Finance and Taxation.
We invite, encourage and look forward to the active participation of the research scholars in the internationally acclaimed ICAI International Research Awards 2022.
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for regulating the profession of . The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in public interest and to the Indian economy. During its more than seventy years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for maintaining highest standards in technical, ethical areas and for sustaining stringent examination and education standards.
Since 1949, the profession has grown leaps and bounds in terms of membership and student base. Starting with a handful of about 1700 members, today, the strength of Indian Chartered Accountant fraternity has grown to over 3.2 lakh members. On the education front, the ICAI began with mere 259 students and today about 8 lakh active students are a part of ICAI. The Institute functions under administrative control of Ministry of Corporate Affairs, Government of India. It has its headquarters in New Delhi and 5 Regional offices in Chennai, Kanpur, Kolkata, Mumbai and New Delhi. It presently has 164 branches spread all over the country. In addition, it has also set up 39 chapters outside India, 27 Representative Offices and an overseas office in DubaiThe affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988.
The Council constitutes of 40 members of whom 32 are elected by the Chartered Accountants and remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance and other stakeholders.
Research Committee of ICAI
The Research Committee of the Institute of Chartered Accountants of India is one of the oldest technical committees set up in 1955 with a view to undertake research activities to improve the quality of services rendered by the profession. The primary objective of Research Committee is to undertake research in the field of accounting and other affiliated areas with a view to enhance the value of services rendered by the profession. The Committee undertakes approved research projects on current and continuous basis in various areas which are generally published in the form of Guidance Notes, Technical Guides, Studies, Monographs, etc. on generally accepted accounting principles and practices designed, to enhance the value of the services rendered by the profession.