ICAI President unveils vision for 2025-26
ICAI President CA. Charanjot Singh Nanda Unveils Vision for 2025-26: Advancing Technology & Promoting Work-Life Balance.
The newly elected President of the Institute of Chartered Accountants of India (ICAI) CA. Charanjot Singh Nanda along with Vice-President, CA. Prasanna Kumar D shared his vision at a press conference held in New Delhi today.
The newly elected 26th Council is effective from February 12, 2025. One of the key focus areas of the President CA. Charanjot Singh Nanda was integrating technology along with human well-being. He emphasised on integrating cutting-edge technology like Artificial Intelligence, for efficiency, precision and progress. At the same time, he highlights the significance of work-life balance, ensuring that professionals not only thrive in their careers but also lead fulfilling personal lives.
On this occasion, he said “This year we have formed a new Committee on Promoting Work-Life Balance because in today’s fast-paced world, professionals need moments to relax and pursue personal interests for better productivity. The work of a chartered accountant is demanding. Through this initiative, we aim to ensure that our members find the right balance between their professional commitments and personal well-being, making them more productive and fulfilled.”
Outlining key priorities for the term 2025-26, President, ICAI announced several strategic initiatives:
- Committee on Promoting Work-Life Balance: An initiative dedicated to promote well-being and personal development among members and students.
- Technology Integration: Strengthening AI, blockchain, and data analytics applications in accounting and auditing to increase the efficiency of the profession.
- Expanding Global Outreach and Exploring New Avenues: Expanding ICAI’s international footprint by fostering stronger networking opportunities for Indian Chartered Accountants.
- Empowering Students: Launching structured mentorship programs and faculty development initiatives to help students
- Non-Financial Reporting and Sustainability Initiatives: Enhancing coverage of Sustainability reporting encouraging eco-friendly business practices and reducing the profession’s carbon footprint.
- Strengthening Disciplinary Mechanism: Strengthening the disciplinary framework to uphold integrity, ensuring swift and fair proceedings.
- Partner in Nation Building – Facilitator to Govt. – Strengthening MSMEs, enhancing financial literacy and partnering with regulators
- Research & Excellence: Focus on in-depth research in critical areas contributing towards nation-building
- Brand Reinforcement: Strengthening ICAI’s ethical foundation and global reputation.
- Promoting Global Indian Firms: Implementing Domestic and Overseas Networking guidelines, Merger & Demerger rules & guidelines, Multi-Disciplinary Partnership Guidelines, etc.
- Encouraging Global adoption of Forensic Accounting and Investigation Standards (FAIS) issued by ICAI
- Dedicating over 1.4 million CA professionals and students to the service of the nation
Closing the conference, Vice President CA. Prasanna Kumar D reaffirmed ICAI’s role in driving financial transparency, governance and innovation, underscoring its commitment to India’s economic progress and global financial leadership.
About ICAI
The Institute of Chartered Accountants of India (ICAI) is a statutory body set up by an Act of Parliament under the Chartered Accountants Act, 1949 for the regulation and development of the profession of Chartered Accountancy in India. The Institute functions under the administrative supervision of the Ministry of Corporate Affairs, Government of India. With around 9.85 lakh students and over 4 lakh members, today ICAI is the largest professional accountancy body in the world. ICAI has a wide network of 5 Regional Councils and 177 Branches within India and a global presence with 52 Overseas Chapters and 33 Representative Offices spanning 85 cities across 47 Countries worldwide.
The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The Council constitutes of 40 members of whom 32 are elected by the Chartered Accountants and remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Ministry of Corporate Affairs, Ministry of Finance, Securities and Exchange Board of India and other stakeholders.
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