CA Naveen ND Gupta and CA. Prafulla Premsukh Chhajed are the new president and Vice-President of Institute of Chartered Accountants of India (ICAI).
CA Naveen ND Gupta is widely commended for his role in making the Income Disclosure Scheme, 2016 a success, which was acknowledged by the Finance Minister.
He is now Chairman of Board of Directors of ICAI-ARF (Accounting Research Foundation) and XBRL India. ICAI-ARF is instrumental in driving governmental accounting reforms in various bodies such as Indian Railways, MCD and KMC. He is also Director Indian Institute of Insolvency Professionals of ICAI, which is the first Indian IPA. Internationally, he is technical Advisor to member SMP Committee of IFAC.
His association as Central Council Member at ICAI, now running in 9th year since 2010, with position as Vice President in 2017-2018; has made him traverse regimen of standard setting, quality assurance framework, and disciplinary mechanism. He has earlier been Chairman of ICAI’s Committee (s) on Direct Taxes, Economic, Commercial Laws & WTO, Peer Review Board, Capacity Building of CA Firms and Small & Medium Practitioners and Public Relations. He has been appreciated for his distinguished contribution as Vice-Chairman of Audit & Assurance Standard Board, Professional Development Committee, Internal Audit Standards Board, Continuing Professional Education Committee, and Board of Studies.
He is representing ICAI in many important committees constituted by the Government Ministries/ Regulators such as Government Accounting Standards Advisory Board (GASAB) and Audit Advisory Board both constituted by C&AG of India, Board of Insurance Regulatory & Development Authority (IRDA), National Advisory Committee on Accounting Standards (NACAS) and SEBI’s Primary Market Advisory Committee.
With focus on innovation and niche enablement, he intends to position CA profession as aiding and upholding public interest by enhanced focus on Quality Assurance framework, calibrating Regulation with development and leveraging digital technology to turn disruptions arising out of changing paradigm of businesses to niche empowerment.
His vision is to work for Global mobility of CA professionals through enhanced focus on recognition overseas, capacity building through exposure to jurisdiction specific skill building programs and exploring newer industrial training opportunities domestically and overseas as also international placements of Indian CAs.
