Institute of Chartered Accountants of India joins Chartered Accountants Worldwide

The Institute of Chartered Accountants of India (ICAI) has been awarded Associate membership by Chartered Accountants Worldwide. ICAI is the fourth professional body to be admitted to the organisation since it was launched in February 2013.

As an Associate member, ICAI joins a group of globally-recognised Chartered Accountancy bodies that are committed to enhancing the value of the brand and the profession. Its membership recognises the importance of the qualification in India and demonstrates ICAI’s commitment to the highest professional and ethical standards.

Chartered Accountants have been a mark of excellence in the accountancy and business sectors for over 150 years. They are working in over 180 different countries across the world. By joining Chartered Accountants Worldwide, ICAI will boost its international presence and contribute to the further development of the profession. It will also open up access to events and networking opportunities for its members.

ICAI is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. During its 66 years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. 

Pat Costello, Chairman of Chartered Accountants Worldwide (4th from left) presenting CA. M Devaraja Reddy, President of Institute of Chartered Accountants of India with the Chartered Accountants Worldwide membership certificate for associate members. He is joined by leaders of founder members of Chartered Accountants Worldwide, as well as Lee Fook Chiew, Chief Executive Officer of the Institute of Singapore Chartered Accountants (2nd from right), the first associate member of Chartered Accountants Worldwide.

From left, Anton Colella, Chief Executive, Institute of Chartered Accountants of Scotland, Michael Izza, Chief Executive Officer, Institute of Chartered Accountants in England and Wales, Rakesh Sehgal, Director, Institute of Chartered Accountants of India, Pat Costello, Chairman of Chartered Accountants Worldwide, CA. M Devaraja Reddy, President, Institute of Chartered Accountants of India, Lee White, Chief Executive Officer, Chartered Accountants Australia and New Zealand, Lee Fook Chiew, Chief Executive Officer, Institute of Singapore Chartered Accountants, and Terence Nombembe, Chief Executive Officer, South African Institute of Chartered Accountants.

Pat Costello, Chairman of Chartered Accountants Worldwide said: “I am delighted to see ICAI join the Chartered Accountants Worldwide family. We look forward to working with ICAI on developing the profession and enhancing the value to our members. We are continuously expanding our outreach, and now support over 615,000 Chartered Accountants around the world”.

CA. M Devaraja Reddy, President of ICAI said: “We are delighted to join Chartered Accountants Worldwide as its Associate member. Joining the organisation is a mark of recognition that our members adhere to the highest professional, technical and ethical standards.  It will give our members international recognition and access to opportunities and services being offered by Chartered Accountants Worldwide. ICAI will be positioned as one of the global leaders through the partnership, and we look forward to working closely with our fellow members to promote the Chartered Accountant brand in our part of the world.”

Chief Executive Officer of the Institute of Singapore Chartered Accountants (ISCA) Lee Fook Chiew said: “We welcome ICAI to the growing network of Chartered Accountancy bodies in Chartered Accountants Worldwide, and we look forward to closer collaboration to promote the Chartered Accountant designation. With ICAI now part of the Chartered Accountants Worldwide family, we believe there will be increased opportunities to enhance the value of the Chartered Accountant designation and offer greater support for Chartered Accountants in the Asia Pacific region”

ICAI is the fourth institute to join Chartered Accountants Worldwide as an Associate member, making a key contribution to the global expansion of the organisation. The rest of the Chartered Accountants Worldwide family are founder members; Chartered Accountants Australia and New Zealand, Chartered Accountants Ireland, ICAEW, ICAS, the South African Institute of Chartered Accountants, the Institute of Singapore Chartered Accountants (ISCA) who joined as an Associate in June 2015, the Institute of Chartered Accountants of Pakistan who joined (also as an Associate member) in February 2016; and The Zambia Institute of Chartered Accountants in March 2016.

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Media enquiries:

Institute of Singapore Chartered Accountants

Contact Eileen Khoo on +65 6597 5609 or email eileen.khoo@isca.org.sg

ICAI

ContactRakesh Sehgal on +91 (0)11 3011 0485 or email rakeshsehgal@icai.in  

Chartered Accountants Worldwide

Contact Magdalena Andrzejewska on +44 (0)20 7920 8718 or email Magdalena.Andrzejewska@icaew.com   

Notes to editors:

1. Chartered Accountants Worldwide

Chartered Accountants Worldwide has been created by the leading institutes of Chartered Accountants from around the world to support, develop and promote the vital role that Chartered Accountants play throughout the global economy. More information on the organisation can be found at charteredaccountantsworldwide.com 

Chartered Accountants Worldwide Associate membership is open to Chartered Accountancy bodies who:

• refer to their members as Chartered Accountants and legitimately use the Chartered Accountant brand;
• are a member of IFAC or an IFAC Recognised Regional Organisation (e.g., CAPA or PAFA);
• require their members to commit to continuing professional development;
• are committed to working together to promote the Chartered Accountancy brand; and
• can demonstrate how they are improving the quality of the Chartered Accountancy qualification.

2. ICAI

The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. It supports 256,000 members and 875,000 active students. The Institute functions under the administrative control of Ministry of Corporate Affairs, Government of India. It has its headquarters in New Delhi and 5 Regional offices in Mumbai, Chennai, Kanpur, Kolkata and New Delhi. It presently has 153 branches spread all over the country. In addition, it has also set up 27 chapters outside India and an overseas office in Dubai.

3. Institute of Singapore Chartered Accountants

The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore. ISCA’s vision is to be a globally recognised professional accountancy body, bringing value to our members, the profession and wider community. There are over 30,000 ISCA members making their stride in businesses across industries in Singapore and around the world.

Established in 1963, ISCA is an advocate of the interests of the profession. Possessing a Global Mindset, with Asian Insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards Singapore’s transformation into a global accountancy hub.

ISCA is the Administrator of the Singapore QP and the Designated Entity to confer the Chartered Accountant of Singapore - CA (Singapore) - designation.

ISCA is an Associate of Chartered Accountants Worldwide – supporting, developing and promoting over 325,000 Chartered Accountants in more than 180 countries around the world.

For more information, visit www.isca.org.sg.