G Ramaswamy, President, The Institute of Chartered Accountants of India (ICAI) has been elected as the Board Member of International Federation of Accountants (IFAC) at the November IFAC Council Meeting held at Berlin, Germany on 17th November 2011. IFAC is a global organization for the accountancy profession, dedicated in serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 167 members and associates in 127 countries and jurisdictions, representing approximately 2.5 million accountants in public practice, education, government service, industry and commerce.
G Ramaswamy has held numerous leadership positions within the profession. He is also on the board of the South Asian Federation of Accountants and Confederation of Asian and Pacific Accountants. He has been the Central Council Member of ICAI since 2004.
About IFAC
IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 167 members and associates in 127 countries and jurisdictions, representing approximately 2.5 million accountants in public practice, education, government service, industry, and commerce.
IFAC’s mission is to serve the public interest by: contributing to the development, adoption and implementation of high-quality international standards and guidance; contributing to the development of strong professional accountancy organizations and accounting firms, and to high-quality practices by professional accountants; promoting the value of professional accountants worldwide; speaking out on public interest issues where the accountancy profession’s expertise is most relevant.
About ICAI
The Institute of Chartered Accountants of India is a statutory body established by an Act of Parliament viz., The Chartered Accountants Act, 1949 in the year 1949 for regulating the profession of Chartered Accountants in the country. The Institute, which functions under the administrative control of Ministry of Corporate Affairs, Government of India, has five Regional Councils and 126 branches covering the length and breadth of the country. In addition, it has also set up 21 chapters outside India.
The main functions of the Institute of the Chartered Accountants of India are prescribing qualifications for membership, holding examination and arranging practical training of candidates, enrollment of members, publication and maintenance of register of members qualified to practice the profession, carrying on activities for development of the profession and regulation and maintenance of status and standard of professional qualification of the members.
THE FOLLOWING IS NOTEWORTHY:
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About IFAC
IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 167 members and associates in 127 countries and jurisdictions, representingapproximately 2.5 million accountants in public practice, education, government service, industry, and commerce.
IFAC’s mission is to serve the public interest by: contributing to the development, adoption and implementation of high-quality international standards and guidance; contributing to the development of strong professional accountancy organizations and accounting firms, and to high-quality practices byprofessional accountants; promoting the value of professional accountants worldwide; speaking out on public interest issues where the accountancy profession’s expertise is most relevant.
UQ
(EMPHASIS BY SUBSTITUTED BOLD FONT SUPPLIED)
THE NEWS, OF COURSE, HAS , IN A MANNER OF SPEAKING, ADDED one more feather to the accountancy professionals in our country. IT MUST HAVE GLADDENED THOSE BELIEVING THAT SUCH EVENTS GO TO PROCLAIM THAT, AMONG THE GLOBAL COMMUNITY OF PROFESSIONAL ACCOUNTANTS, OUR COUNTRY AS ONE OF ITS CONSTITUENTS HAS COME TO RECEIVE RECOGNITION.
NOT TO BE BLAMED OF THE GRAVEST MISTAKE TO – ‘NOT SEE THE WOOD FOR THE TREES’, > ANY SUCH MISSION, – AS IS SPOKEN OF, BUT REQUIRING TO BE STRESSED – IS THE THRUST ON ITS CONCERN FOR ‘PUBLIC INTEREST’. THAT CAN TRULY BE CLAIMED OR REGARDED, (- WITHOUT OFFENDING ANY OF THE GOVERNING NORMS EXPLICITLY AVOWED OR OTHERWISE STATED, MORE SO OF SELF- CONSCIENCE /CONVICTION, =) TO HAVE DESIRABLY SUCCEEDED, PROVIDED THAT ANY CONTRIBUTION MADE “to the development, adoption and implementation of high-quality international standards and guidance” HAS THE SOLE AIM AND PURPOSE OF, AND IN REALITY HELPS IN, ACCOMPLISHING PROMOTION OF AND ACHIEVING THE ULTIMATE GOAL OF ‘PUBLIC INTEREST’ (I.E.’SOCIAL GOOD’)
Congratulations Sir,
It is amazing to know that our President has been inducted as member of IFAC that tantamount to international recognition of ICAI while India still falls under list of non-designated countries of CICA and AICPA.
All the best.
Regards
CA. Ashok Aggarwal
Canada
Cangrajulations,Mistre Raaaaamaaaaaaswamee Sar,
You are doine varyyy varyyy axsallend jab
HOPP YOU KIP ON DOINE THE VARRRY VARRRY EXCELLEND JAB.
I PREY TO GADD TO GIVV YOU OLL THE STRENGD TO PARFORMM YOUR JOBB AS A PRESIDEND WITD ABJECTIVE TO IMPROB THE MISSERABLE FANCTIONING OF ISEEAI aaand lak of transparensee.
GADD BLESSS YOU MR RAMAAAASWAMEEEE SAR
BEST WEESHES,
FROM
CA MUTUKORI KAWAA RE HARAA