The Institute of Chartered Accountants of India (ICAI) has been awarded Associate membership by Chartered Accountants Worldwide. ICAI is the fourth professional body to be admitted to the organisation since it was launched in February 2013.
As an Associate member, ICAI joins a group of globally-recognised Chartered Accountancy bodies that are committed to enhancing the value of the brand and the profession. Its membership recognises the importance of the qualification in India and demonstrates ICAI’s commitment to the highest professional and ethical standards.
Chartered Accountants have been a mark of excellence in the accountancy and business sectors for over 150 years. They are working in over 180 different countries across the world. By joining Chartered Accountants Worldwide, ICAI will boost its international presence and contribute to the further development of the profession. It will also open up access to events and networking opportunities for its members.
ICAI is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. During its 66 years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards.
Pat Costello, Chairman of Chartered Accountants Worldwide said: “I am delighted to see ICAI join the Chartered Accountants Worldwide family. We look forward to working with ICAI on developing the profession and enhancing the value to our members. We are continuously expanding our outreach, and now support over 615,000 Chartered Accountants around the world”.
CA. M Devaraja Reddy, President of ICAI said: “We are delighted to join Chartered Accountants Worldwide as its Associate member. Joining the organisation is a mark of recognition that our members adhere to the highest professional, technical and ethical standards. It will give our members international recognition and access to opportunities and services being offered by Chartered Accountants Worldwide. ICAI will be positioned as one of the global leaders through the partnership, and we look forward to working closely with our fellow members to promote the Chartered Accountant brand in our part of the world.”
Michael Izza, ICAEW Chief Executive, said: “Chartered Accountants are right at the heart of business and play a vital role throughout the global economy. ICAEW is one of the founder members of Chartered Accountants Worldwide; an international body that brings together institutes from across the globe. We are committed to working together with other like-minded organisations to promote the Chartered Accountants brand and support our members. I am delighted to welcome ICAI to the organisation.”
ICAI is the fourth institute to join Chartered Accountants Worldwide as an Associate member, making a key contribution to the global expansion of the organisation. The rest of the Chartered Accountants Worldwide family are founder members; Chartered Accountants Australia and New Zealand, Chartered Accountants Ireland, ICAEW, ICAS, the South African Institute of Chartered Accountants, the Institute of Singapore Chartered Accountants (ISCA) who joined as an Associate in June 2015, the Institute of Chartered Accountants of Pakistan who joined (also as an Associate member) in February 2016; and The Zambia Institute of Chartered Accountants in March 2016.
Source: icai.org
