ICAI vision 2030

"World's leading Accounting body,          

 a Regulator and Developer of trusted and independent professionals

with world class competencies

in Accounting,assurance,taxation,finance and business advisoryservices"

ICAI Vision 2030 emphasizes four elements:

a) To be World’s leading accounting body: ICAI envisions becoming the world’s leading

accounting body by playing a predominant role in setting world class standards in identified

service areas developing thought leadership and research that addresses concerns of countries,

developed, developing and under-developed.

b) A regulator and developer of Trusted and Independent Professionals: ICAI will lay

further thrust on its regulatory and developmental role that sets the highest standards of

professional and ethical conduct of its members as a core value. Each and every member of ICAI

will not only have the obligation to maintain exacting standards of clarity, transparency and

disclosure and present an independent, informed and balanced opinion but ICAI will make

examples of delinquent members to ensure this core value is embedded in the DNA of its

members.

c) With World Class Competencies: ICAI will ensure that members have the right skills to

serve global markets which are regularly updated and are relevant in the changing economic

order. ICAI will provide holistic education, effective practical training and continuous

professional development to ensure that the knowledge base of the profession keeps pace with

emerging global practices and innovations.

d) In accounting, assurance, Indirecttaxation, finance and business advisory

services: ICAI will strengthen facilities available for providing education, training and

continuous updation of knowledge as also research and development relevant in current

times to establish thought leadership in these areas where members of ICAI have been

providing services.

It sets out its Mission as

ICAI is a leverange technology and infrastructure and partner with its stakeholders to:

•        Impart word class education, training and professional development opportunities to create global professionals.

•        Develop an independent and transparent regulatory mechanism that keeps pace with the changing time.

•        Ensure adherence to highest ethical standards

•        Conduct cutting edge research and development in areas of accounting, assurance, taxation, finance and business advisoryservice

•        Establish ICAI members and firms as indian multi-national service provider.

The Mission 2030 of ICAI lays focus on following key elements:

a) Global Professionals: ICAI will develop skilled professionals with competencies to service

clients not only within India but across the globe that requires technical skills as also cross

cultural appreciation and understanding of global needs. As one of the largest producers of CAs in the world, we will make sure our members can take the rightful place in the global talent pool.

b) Independent and Transparent Regulatory Mechanism: ICAI will further strengthen and

visibly demonstrate its regulatory role through proactive, visible, timely and unbiased action. We

will create public awareness and sensitize all stakeholders to the effectiveness of the

quasijudicial role of ICAI and ensure inclusion of wider section of users of member services in carrying out ourrole as regulator.

c) Highest ethical standards: ICAI will continue to inculcate highest ethical standards amongst

its members to assist them in upholding the values that the accounting profession stands for. We

will continue to include and emphasize ethical values as part of the education and training of

students and members.

d) Cutting-edge research and development: ICAI will become the hub of valued Thought

leadership and innovation in the field of accounting, assurance, taxation, finance and business.

ICAI will devote resources and create an enabling environment to become the predominant

contributor to setting standards across the world in these fields. We will support, fund and take

up research on issues that impact has locally and globally.

e) Multi-national Service Providers: ICAI will facilitate the Indian professional services firms

and professionals to establish as multi- national service providers and help them in harnessing

global opportunities on one hand and assist them in building capabilities on the other.