The Institute of Chartered Accountants of India, ICAI

A significant milestone in ICAI’s growing global engagement! ICAI proudly hosted the Board Meeting of the International Federation of Accountants (IFAC) in New Delhi on 2–3 September 2026. The august occasion was graced by the esteemed presence of CA. Prasanna Kumar D, President, ICAI; CA. Mangesh Kinare, Vice-President, ICAI; Mr. Jean Bouquot, President, IFAC; Ms. Taryn Rulton, Deputy President, IFAC; Mr. Lee White, CEO, IFAC; distinguished IFAC Board Members, Past Presidents of ICAI, Central Council Members and the Secretary, ICAI. A special interactive session bringing together the IFAC Board, ICAI Central Council, Past Presidents of ICAI and ICAI’s former IFAC Board Members fostered meaningful dialogue, knowledge exchange and closer collaboration towards building a trusted, resilient and future-ready global accountancy profession.

Strengthening India’s leadership in the global accountancy profession! Shri Piyush Goyal, Hon’ble Union Minister of Commerce & Industry, addressed the IFAC Board during its meeting hosted by ICAI in New Delhi on 2–3 September 2026. The distinguished gathering was honoured by the esteemed presence of CA. Prasanna Kumar D, President, ICAI; CA. Mangesh Kinare, Vice-President, ICAI; Mr. Jean Bouquot, President, IFAC; Ms. Taryn Rulton, Deputy President, IFAC; Mr. Lee White, CEO, IFAC; distinguished members of the IFAC Board; Past Presidents of ICAI; Central Council Members; and the Secretary, ICAI. The interaction reinforced the shared commitment to advancing professional excellence, strengthening international cooperation and empowering the accountancy profession to contribute meaningfully towards the vision of Viksit Bharat—making India a developed nation by 2047—while shaping a trusted, resilient and future-ready global economy.

Advancing meaningful dialogue on the evolving role of the accountancy profession! Dr. Pallavi Jain Govil, Secretary, Ministry of Corporate Affairs, addressed the distinguished IFAC Board during its meeting hosted by ICAI in New Delhi on 2–3 September 2026. The occasion was honoured by the gracious presence of CA. Prasanna Kumar D, President, ICAI; CA. Mangesh Kinare, Vice-President, ICAI; Mr. Jean Bouquot, President, IFAC; Ms. Taryn Rulton, Deputy President, IFAC; Mr. Lee White, CEO, IFAC; esteemed IFAC Board Members, Past Presidents of ICAI, Central Council Members and the Secretary, ICAI. Her address underscored the importance of strong institutions, sound governance and international collaboration in building a trusted, resilient and future-ready global accountancy profession.

President's Message - September 2026 To Read the Message please visit https://icai.org/post/president-message

ICAI Members' Journal The Chartered Accountant - September 2026 Issue To Access the Journal please visit below links https://cajournal.icai.org/issue & https://drive.google.com/file/d/1jeP1vEXDi8NUA5eC1HrWsu6BbGPmNcmy/view Flipbook Version - https://cajournal.icai.org/flipbook #IGoGreenwithICAI

ICAI Students' Journal - The Chartered Accountant - September 2026 Issue To Access the Journal Please visit https://icai.org/post/students-journal

IFAC Board Technical Advisors’ Engagement Session at ICAI Headquarters The Institute of Chartered Accountants of India (ICAI) was privileged to host an engagement session with the Technical Advisors to the Board of the International Federation of Accountants (IFAC) at ICAI Headquarters, New Delhi. The session was attended by CA. Prasanna Kumar D, President, ICAI; Mr. Jean Bouquot, President, IFAC; Ms. Taryn Rulton, Deputy President, IFAC; Mr. Lee White, Chief Executive Officer, IFAC; along with distinguished IFAC Technical Advisors. The engagement marked another significant milestone in ICAI’s growing global outreach and provided a valuable platform for meaningful dialogue, exchange of professional perspectives and deeper international cooperation.

Strengthening global cooperation for a trusted, transparent and future-ready accountancy profession! CA. Prasanna Kumar D, President, ICAI, and CA. Mangesh Kinare, Vice-President, ICAI, joined Shri K. Sanjay Murthy, Hon’ble Comptroller and Auditor General of India, and Shri Anand Mohan Bajaj, Hon’ble Deputy Comptroller and Auditor General of India, in welcoming Mr. Jean Bouquot, President - IFAC; Ms. Taryn Rulton, Deputy President - IFAC; Mr. Lee White, Chief Executive Officer - IFAC; and the delegation of the International Federation of Accountants (IFAC) at the Office of the Comptroller and Auditor General of India—Supreme Audit Institution of India. The high-level interaction reflected a shared global vision to deepen institutional cooperation, advance professional and public-sector standards, strengthen trust in financial reporting and empower the accountancy profession to contribute meaningfully to sustainable economic growth and public interest worldwide.

ICAI’s Response to Some Social Media Posts

These travel expenses are strictly as per the norms approved by the Government of India as per Section 16(2)(d) of the Chartered Accountants Act 1949. This communication is issued for the information of Members and other Stakeholders and to reaffirm that ICAI follows best practices of Governance within the Regulatory framework. The Institute of Chartered Accountants of India

ICAI’s Response to Some Social Media Posts It has been observed that some posts have been circulated on social media platforms containing statements and allegations regarding the functioning and governance of the Institute which are incorrect and misleading. In order to place the correct facts on record and avoid any misunderstanding, the factual position with regard to the points raised is set out below: 1. Majority Rule for taking decisions in the Council Regulation 166 provides that a resolution at a meeting shall be passed by a majority of the members present and that the Chairman has a casting vote if the votes are equal. This is a statutory requirement. Therefore the Council cannot accept any member’s own view merely because he believes that his view alone is correct. 2. Process of recording dissent in the Council When a member of the Council expresses a dissenting view on a resolution or decision, that dissent is recorded in the official Minutes of the meeting by name. It may be noted that the Minutes of all Central Council meetings have been approved unanimously. 3. Opportunity of being heard in the Council Every member of the Council gets an equal opportunity to speak on the Council agenda items and no time limit is fixed as such. Even if a member wishes to speak more than once or twice on the same item, he is allowed to do so. A decision whether unanimous or by majority is arrived at only after hearing the views of all the members. There is not a single instance where any member of the Council has been stopped from expressing his view, whether in favour of or against any agenda item. 4.Matters of General Interest (MOGI’s) All the pending MOGI’s were disposed of in the Council meeting held on 8th October 2025. Every MOGI received so far has been placed before the Council in the Agenda. The Council considered each MOGI so placed and disposed it of after taking the necessary decision where ever required. There is only one MOGI which is  deferred for last two meetings  as the member who raised it was not present when it was taken up. 5.Outstation Meeting of Committees Any one meeting of a Committee in a Council year may be held outside Delhi with the permission of the President. Holding the meeting at places other than Delhi does not make any significant difference in cost because the members would have travelled and incurred the same boarding and lodging expenses if the meeting was held in Delhi. It is reiterated that all personal expenses of members, are borne by the members and not charged to ICAI. 6.World Forum of Accountants (WOFA) The WOFA is an Annual International Conference organised by ICAI. It serves as a premier global platform for professional networking opportunities across the world, knowledge sharing and thought leadership offering immense value to its members and contributing significantly to the advancement of the accountancy profession. WOFA is a brand building exercise to showcase ICAI Internationally. The expenditure incurred on WOFA has been approved by Council and duly accounted in Financial Statements. The Financial statements for both financial years 2024-25 and 2025-26 have been audited and clean opinion was reported. It may be noted that there has not been any deficit in WOFA conducted in 2025 and 2026. 7.Foreign Travel by Council Members: ICAI is a member of International Federation of Accountants (IFAC), Confederation of Asian and Pacific Accountants (CAPA), South Asian Federation of Accountants (SAFA), ASEAN Federation of Accountants (AFA), Pan African Federation of Accountants (PAFA)  etc. ICAI presence is critical to voice India’s position on evolving global Standards and Policies. Nominations for these Bodies are made based on the relevant experience of the Council members. Further, Council members are nominated to participate in various Committee meetings, Group meetings, Conferences, etc. again based on the Positions held by the Central Council member or the subject matter expertise only.

These travel expenses are strictly as per the norms approved by the Government of India as per Section 16(2)(d) of the Chartered Accountants Act 1949. This communication is issued for the information of Members and other Stakeholders and to reaffirm that ICAI follows best practices of Governance within the Regulatory framework. The Institute of Chartered Accountants of India

ICAI’s Response to Some Social Media Posts It has been observed that some posts have been circulated on social media platforms containing statements and allegations regarding the functioning and governance of the Institute which are incorrect and misleading. In order to place the correct facts on record and avoid any misunderstanding, the factual position with regard to the points raised is set out below: 1. Majority Rule for taking decisions in the Council Regulation 166 provides that a resolution at a meeting shall be passed by a majority of the members present and that the Chairman has a casting vote if the votes are equal. This is a statutory requirement. Therefore the Council cannot accept any member’s own view merely because he believes that his view alone is correct. 2. Process of recording dissent in the Council When a member of the Council expresses a dissenting view on a resolution or decision, that dissent is recorded in the official Minutes of the meeting by name. It may be noted that the Minutes of all Central Council meetings have been approved unanimously. 3. Opportunity of being heard in the Council Every member of the Council gets an equal opportunity to speak on the Council agenda items and no time limit is fixed as such. Even if a member wishes to speak more than once or twice on the same item, he is allowed to do so. A decision whether unanimous or by majority is arrived at only after hearing the views of all the members. There is not a single instance where any member of the Council has been stopped from expressing his view, whether in favour of or against any agenda item. 4.Matters of General Interest (MOGI’s) All the pending MOGI’s were disposed of in the Council meeting held on 8th October 2025. Every MOGI received so far has been placed before the Council in the Agenda. The Council considered each MOGI so placed and disposed it of after taking the necessary decision where ever required. There is only one MOGI which is  deferred for last two meetings  as the member who raised it was not present when it was taken up. 5.Outstation Meeting of Committees Any one meeting of a Committee in a Council year may be held outside Delhi with the permission of the President. Holding the meeting at places other than Delhi does not make any significant difference in cost because the members would have travelled and incurred the same boarding and lodging expenses if the meeting was held in Delhi. It is reiterated that all personal expenses of members, are borne by the members and not charged to ICAI. 6.World Forum of Accountants (WOFA) The WOFA is an Annual International Conference organised by ICAI. It serves as a premier global platform for professional networking opportunities across the world, knowledge sharing and thought leadership offering immense value to its members and contributing significantly to the advancement of the accountancy profession. WOFA is a brand building exercise to showcase ICAI Internationally. The expenditure incurred on WOFA has been approved by Council and duly accounted in Financial Statements. The Financial statements for both financial years 2024-25 and 2025-26 have been audited and clean opinion was reported. It may be noted that there has not been any deficit in WOFA conducted in 2025 and 2026. 7.Foreign Travel by Council Members: ICAI is a member of International Federation of Accountants (IFAC), Confederation of Asian and Pacific Accountants (CAPA), South Asian Federation of Accountants (SAFA), ASEAN Federation of Accountants (AFA), Pan African Federation of Accountants (PAFA)  etc. ICAI presence is critical to voice India’s position on evolving global Standards and Policies. Nominations for these Bodies are made based on the relevant experience of the Council members. Further, Council members are nominated to participate in various Committee meetings, Group meetings, Conferences, etc. again based on the Positions held by the Central Council member or the subject matter expertise only.

*Launching the Corporate Mitra Learning Journey!* A step forward with the launch of the Corporate Mitra *Learning Management System (LMS).* The LMS will enable learners to build knowledge and develop practical capabilities to provide meaningful support and facilitation to MSMEs. 📅 31 August 2026 | 5:30 PM *Join the Launch Event:* https://live.icai.org/cm/31082026 🎓 *Learn. Apply. Facilitate. Enable.* Be Future-Ready. Be a Corporate Mitra.

🌟 A LANDMARK INAUGURATION FOR WOFA 2026 We are delighted to announce that WOFA 2026 will be inaugurated by Smt. Nirmala Sitharaman, Hon’ble Minister of Finance & Corporate Affairs, Government of India, and Shri N. Chandrababu Naidu, Hon’ble Chief Minister, Government of Andhra Pradesh, on 16 December 2026 at Visakhapatnam. Join us as the global accountancy profession comes together for three transformative days of Technology | Trust | Transformation. ⏳ Early Bird Benefits end on 31 August 2026 📍 Visakhapatnam | 16–18 December 2026 https://wofa.icai.org/register/pass Be there for a landmark WOFA 2026. #WOFA2026 #ICAI #WorldForumOfAccountants #CharteredAccountants #Visakhapatnam #TechnologyTrustTransformation

Deepening India–ASEAN Collaboration Through the Accountancy Profession! CA. Piyush Goyal, Hon’ble Union Minister for Commerce & Industry, inaugurated the ICAI International Conference–ASEAN on 21 August 2026 in Singapore. The occasion was graced by CA. Prasanna Kumar D, President, ICAI; CA. Mangesh Kinare, Vice-President, ICAI; CA. Sanjib Sanghi and CA. Rohit Ruwatia, CCMs along with the ICAI Singapore Chapter Team. The Conference reinforced ICAI’s global vision of strengthening international cooperation, knowledge exchange and a future-ready accountancy profession.

A significant milestone in strengthening India–Singapore professional ties! ICAI and the Institute of Singapore Chartered Accountants (ISCA) exchanged letters to work towards a Mutual Recognition Agreement (MRA) and building AI capabilities. CA. Prasanna Kumar D, President, ICAI and Mr. Lee Boon Teck, President, ISCA exchanged the Letters of Intent to work towards a Mutual Recognition Agreement (MRA) on behalf of ICAI and ISCA in the presence of; CA. Mangesh Kinare, Vice-President, ICAI; Ms. Jocelyn Goh Chern Ni - Vice President, ISCA, CA. Sanjib Sanghi and CA. Rohit Ruwatia, Central Council Members and ICAI Singapore Chapter Team. The proposed collaboration aims to enhance professional recognition and global mobility while advancing AI capabilities, knowledge-sharing and responsible adoption of emerging technologies across the accountancy profession. Together, ICAI and ISCA are working towards building a future-ready, globally connected and technology-enabled accountancy profession.

🌟 A LANDMARK INAUGURATION FOR WOFA 2026 We are delighted to announce that WOFA 2026 will be inaugurated by Smt. Nirmala Sitharaman, Hon’ble Minister of Finance & Corporate Affairs, Government of India, and Shri N. Chandrababu Naidu, Hon’ble Chief Minister, Government of Andhra Pradesh, on 16 December 2026 at Visakhapatnam. Join us as the global accountancy profession comes together for three transformative days of Technology | Trust | Transformation. ⏳ Early Bird Benefits end on 31 August 2026 📍 Visakhapatnam | 16–18 December 2026 https://wofa.icai.org/register/pass *Be there for a landmark WOFA 2026.* #WOFA2026 #ICAI #WorldForumOfAccountants #CharteredAccountants #Visakhapatnam #TechnologyTrustTransformation

🌏 GLOBAL SUPPORT FOR WOFA 2026 We are honoured to receive a special message of support from Mr. Tishan Subasinghe, President, CA Sri Lanka. His message reinforces the spirit of regional collaboration and global unity that WOFA 2026 represents. 📍 Visakhapatnam | 16–18 December 2026 ⏳ *Early Bird Benefits till 31 August 2026* 🔗 Register now: wofa.icai.org/register/pass 🙏 Thank you, Mr. Tishan Subasinghe and CA Sri Lanka, for your support! *One Profession. One World. One Opportunity.* #WOFA2026 #CASriLanka #ICAI #GlobalAccountancy #InternationalCollaboration

In a landmark initiative for Stronger Fiscal Governance, ICAI organised a One-Day Workshop on "Strengthening Governance in Public Financial Management: A Legislative Perspective" for the Hon'ble Members of the West Bengal Legislative Assembly on 18th August 2026 at ICAI's COE, Kolkata, graced by the august presence of CA Rathindra Nath Bose, Hon'ble Speaker, West Bengal Legislative Assembly, CA. Prasanna Kumar D, President, ICAI,CA. Mangesh Kinare, Vice-President, ICAI along with Past Presidents, CCMs and RCMs of ICAI. With the enthusiastic participation of around 100 Hon'ble Members, the highly interactive workshop enhanced legislators' understanding of fiscal management, budgetary processes and legislative oversight. The overwhelming appreciation received reaffirmed ICAI's commitment to transparency, accountability, good governance and nation-building.