“The heart and soul of good writing is research; you should write not what you know but what you can find out about” - Robert J. Sawyer
There is always something new to learn; the whole life, from the moment you are born to the moment you die is a process of learning. To develop and enhance knowledge in a particular field, research is inevitable. To satiate your quest for knowledge, whether you are a professional or not, doing research is not just imperative but a need. The profession of Chartered Accountants involves rendering of knowledge and skill based services, hence it is utmost important for our members and students to continuous upgrade their knowledge base by undertaking the research work from time to time.
We are pleased to share that the Institute of Chartered Accountants of India (ICAI) under the aegis of Research Committee has launched ICAI International Research Awards 2020 to recognise the research scholars in the field of Accounting, Auditing, Taxation, Finance and Economics. We are sure that it will be a great platform for research scholars across the Globe to showcase their research work.
Research is critical to societal development. It generates knowledge, provides useful information, and helps in decision-making, among others. It is truly said that finding out the facts about your assignments, your job, or your life; will allow you to make better decisions and gain more knowledge. In fact, the more research you do, the more you can do with your professional life.
Looking forward to your active participation in ICAI International Research Awards 2020.
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 36 chapters outside India, 17 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.