Western India Regional Council of
The Institute of Chartered Accountants Of India

Chairman's Communication

Chairman WIRC

Respected Members,
As we have read, heard and experienced that “Success usually comes to those who are too busy to be looking for it.” It is an automated cause and effect process and is essentially true for us. The best part is that we wouldn’t want it to be any other way. We prefer to let our work speak for us. Amongst elite professionals, Chartered Accountants are among the few who have been aware and keeping in sync with global industry trends. This is largely due to our intrinsic way of functioning in which we have always placed value on building strong foundations, then creating a superstructure from which we can observe the world.

We have and continue to focus on fostering growth and development across the length and breadth of the globe. The world is observing and accepting our presence in the cross economy developments and synergies developing therein. This was very distinctly experienced at the recently concluded Global Exhibition on Services (GES 2018), hosted in Mumbai and organised by the Ministry of Commerce and Industry, Government of India along with the Government of Maharashtra where we were proud to be the knowledge partners with the Government. This summit was pioneered and conceptualised by our own CA. Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation, GoI, and inaugurated by Shri Ram Nath Kovind, Hon’ble President of India and well executed under the able leadership of Shri Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra. CA Prafulla Chhajed, Hon’ble VP, ICAI, in the presence of CCM’s, briefed the dignitaries about the role, initiatives and aspirations of ICAI. We are sure that we, as accounting professionals, will have a lot more opportunities in the imminent future and this canvas is only getting bigger and better.

I am also happy to share that during this GES 2018, we observed that many of the 100 participating countries expressed their desire to have ICAI help them in setting up their accounting regulatory bodies under the best practices adopted by us.

Simultaneously, we appreciate the efforts of our Central Council as we continue to enter into Understanding/ Agreements with various countries of the world, thus leveraging our professional recognition with local qualifications. This will increase the professional opportunities and avenues especially in the developing countries. It will foster strong working relations between the two accounting institutes and increase mobility of professionals in both countries.

Some of our members are in the midst of the International Study Tour to Australia. The Unilateral Agreement with the Chartered Accountants of Australia and New Zealand (CA ANZ) has been recently approved, and our delegation discussed the prospects for us at length with the local leaders at Sydney Chapter led by CA Shankarnarayan Janardhan, Chairman, CA Kannan Shanmugavel, Treasurer and CA Dhwani Tanna and Melbourne Chapter led by CA Anand Agarwal, Chairman and CA Vimal Gehlot, Vice Chairman. We also discussed about the ease and trend of migration of our members from India. They were pleased to share that on a regular basis they are approached by members for the processes for migration and prospects here. They mentioned that the quantum of migrants is progressive and the efforts of the local teams has been very encouraging and this complements our efforts of International Placements recently initiated by the Centre. The members desirous of looking for opportunities may contact these local chapters and be assured of complete assistance. We also interacted with the CPA Australia and were informed that many of our members are taking the benefit of the MRA with them.

We continue to do our best in identifying the new areas of professional opportunities and all my colleagues in the Regional Council are undertaking efforts in this. I also urge members at large to share about new prospects which they identify, for the benefit of all.

We continue to foster cordial relationships with the regulatory bodies. We are happy to share that continuous academic training is being provided to members of the C&AG under the directions of Shri Guljari Lal, Director General Central (Audit), Mumbai, and also to the Members of the Indian Maritime University, Mumbai. We continue in our quest to provide best job/practice opportunities to our experienced and fresh members. Well curated and monitored academic and soft skills training for students is also on our priority list.

I look forward to the support and guidance from members on an ongoing basis, as this gives us a welcome momentum and direction to put our right foot forward for the benefit of all.

With Best Wishes,
CA. Sandeep K.C. Jain
Chairman

 

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