Action Plan Global

8/14/2019 Action Plan Global

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Action Plan 2009-

2010

The Institute of Chartered

Accountants of India

International AffairsCommittee


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Positioning theIndian CharteredAccountancy &

Auditing ProfessionGlobally


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Establishing contact points/liaison offices in major citiesworldwide and opening up of ICAI offices in countries with

sizeable presence of members of ICAI.

Raising profile of ICAI and Indian accounting professionin international forums of accountancy and relatedorganizations.

Popularizing Indian CA qualification in countries ofinterest to Indian accounting profession through anaggressive strategy by enhancing publicity in the foreignmagazine

Representation on Technical Committees of ForeignAccountancy Bodies abroad and vice- versa.

Providing link of ICAI website on the website of foreignaccounting bodies.


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Capacity Building

of theProfession


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Organizing events/ symposium with International

Standard Setters and Program Organizing unit so as tocarry forward the task of preparing members forInternational Standards at the grass root level.

Initiating steps for recognition of Indianqualification in foreign countries through MutualRecognition Agreement.

Participating in the projects of the MultilateralAgencies and involving participation of members.

Studying the best practices globally to align the

ICAI education as per the emerging imperatives .

Promoting students exchange programme and staffexchange programmes

Facilitating Member exchange programme


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TechnicalCooperation to

Developing and leastDeveloped Countries


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Continue to provide technical support to accountingbodies in SAARC Region.

Assuming a mentorship role through IFAC/CAPA/SAFA,or otherwise, in development of accounting profession inunderdeveloped/developing nations, and promotingcompliance in standards of accounting and auditing in

those countries.

Providing technical and administrative help ininstitutionalization of accountancy profession in underdeveloped and developing economies.

Providing capsule courses to accountants on IFRS,Accounting, Government Accounting, Public Sector

Accounting from developing and under developedeconomies.


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Resource Sharing


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Providing a reservoir of information regarding Study Material,Question Papers and basic information about the Chartered

Accountancy profession of Accountancy Bodies across the Worldso as to facilitate global networking of accounting bodies abroad.

Strategic collaboration with relevant international bodies forexposure of the accounting profession in India to the bestpractices followed worldwide, and, knowledge networking

Organizing workshop-involving participation of speakers fromforeign accountancy bodies to share their country experiences onthe issues relating to accounting and allied areas as a measure ofCPE programme.

To be proactive in International standards setting process by

making international documents available to Indian members andinviting comments on the exposure drafts. This would involveparticipation of members in the International Standard Settingprocess and also help the members to acquaint themselves withthe International Standards.


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Trade Facilitation


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Liaison with International forums like UNCTAD,European Commission, World Bank and AsianDevelopment Bank to apprise them of developmentsnationally by organizing joint interaction with them

Promoting ICAI as one stop gateway for all theenquiries relating to trade facilitation.

Establishing contact with the trade/ Chambers ofCommerce in developing/ developed countries toposition the Indian Chartered Accountant.

Establishing collaboration with apex trade associationsand organizing CFO meet during the visits of Foreigndelegations to India.


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Towards increasedmobility of ICAI

Members


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Creating a portal as a tool for networking andknowledge sharing of members of the accountingprofession across the globe by associating organisationslike XBRL, IIN in the process.

Taking steps to promote bilateral cooperation betweenICAI & other Accounting Bodies through MRA dialogue.

Focus on promoting non regulatory services to beexported globally.

Launching of ICAI curriculum outside India.


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Representationbefore Government

accruing of

InternationalDevelopments


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Liaising with regulators and other organizations forrecognition of ICAI qualification

Utilizing resources of Indian Embassy abroad asbrand ambassadors for promotion of Indianaccountancy profession abroad.


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Services to

Students andMembers Abroad


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Using ICAI web for Networking with Members ofInternational Bodies

To identify major knowledge domain areas whichcould provide a gateway to members in emerging areas

like KPOs.

Opening Representative Offices in major countriesacross the globe.

Being a focal point for assuming the role as an

opinion maker by disseminating/ making the foreignview point received through any medium including visitof foreign delegations by making them available to thenotice of Government regulators, think tank and others


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Publication and

Research Activities


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Joining hands with Accountancy Bodies forcommonality of views on important matters relating tostandard setting.

Organizing joint research in contemporary areas withother accountancy bodies.

Creating more internal resources by requesting theinternational bodies to share their periodicals, researchwith ICAI.


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Professional

Opportunities Abroad


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Strengthening interface between the Institute andthe members abroad in order to provide more andbetter services to them and take their inputs forexternal reach of the Indian accounting profession.

Pursuing best endeavour approach for MRAs keepingin view mutuality of interest and following a just andreasonable approach.

Appointment of Consultants abroad to exploreprofessional opportunities abroad for members in India.

Sharing information about availability of professionalopportunities abroad through website of ICAI.


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Augmentation

&Consolidation


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Pre- qualification assessment of major accountancybodies of World.

Bringing Non Members Indian CAs abroad into foldof ICAI membership

Compilation of directory of Foreign members

Introduction of Best Chapter award

Inviting cooption on the International AffairsCommittee from abroad.


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The Institute of Chartered

Accountants of India

Thank You

Action Plan Global

Documents

Transcript of Action Plan Global