THE CHAIRMAN'S VIEWS
Institute of Chartered Accountants of India (ICAI) is a statutory body which was established in 1949 for the regulation of the profession of Chartered Accountants in India. While the ICAI has around 217,00o members at present, approximately one million students are pursuing the course in various centers at various stages. Besides having 23 Chapters in foreign countries, this apex body of chartered accountants also has five regional head quarters, 128 branches, 275 study centers and a million students, currently making ICAI the second largest professional accountants' body in the world - second only to the American Institute of Certified Public Accountants (CPA).
The Dubai Chapter of the Institute of Chartered Accountants of India is one of the first overseas chapters established by the Institute of Chartered Accountants of India. The Chapter has around 2200 Chartered Accountants as members who are in key positions such as CEO, CFO, Finance Manager, Controller, Senior Accountant and Auditor of corporate houses across the UAE.
The Role of ICAI
In this age of information explosion and technological advancement the chartered accountant has to keep himself well informed and prepared. With this objective in mind, the ICAI Dubai Chapter conducts technical sessions, workshop and seminars on pertinent topics like International Financial Reporting Standards, audit,
risk management, accounting and corporate governance as part of the Continuing Professional Education (CPE) program. Our aim is to equip the young generation of chartered accountants to face the challenges and capitalise on the opportunities of tomorrow.
As the Chairman of the Dubai Chapter of this prestigious body, myself along with the managing committee will take steps to ensure that members have the right skills to serve global markets which are regularly updated and are relevant in the changing economic order. ICAI's Dubai chapter will continue to provide holistic education, effective practical training and continuous professional development to ensure that the knowledge base of the professionkeeps pace with emerging global practices and innovations.
Indian Chartered Accountants are rated the best globally for their depth of knowledge, ethical standards and superior work standards. However I am doubtful if they have received their due in this region. ICAI's Dubai chapter will carry out a comprehensive branding exercise aimed at enhancing and strengthening the image of ICAI among the Arab and local business community. Currently, there are around boo students in the UAE pursuing the Chartered Accounting Course and ICAI has exam centers in Dubai and Abu Dhabi. I believe the student intake will surge if the course is properly promoted in schools and universities. The branding exercise will be designed in a way which keeps this motive in mind. I am also committed to ensure that the accounting students get the right kind of training and exposure, which will nurture them into the best finance professionals. As an initiative to increase student involvement ICAI Dubai Chapter is taking the lead to create a students' group which will act as a platform for CA Students to learn, share, participate and perform. The association will facilitate a conducive environment for proper career orientation and development by organising lectures, seminars, workshops, conferences and study circle meetings. ICAI Dubai Chapter will support the students' association by mobilising faculties and providing class room, library and research facilities. The chapter will continue as a proactive, innovative and flexible organisation in equipping Chartered Accountants with top quality education and values.