Accounting professionals must align with global best practices: ICAI President Nanda
Charanjot Singh Nanda, President, Institute of Chartered Accountants of India (ICAI)
Accounting professionals must align with international best practices, adapt them to the Indian context, according to Charanjot Singh Nanda, President, Institute of Chartered Accountants of India (ICAI).
The global practices should be integrated into the process of work to deliver the highest standards of excellence, Nanda said while speaking at a finance conclave organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) here on Saturday.
Starting that ICAI was established in 1949, even before India adopted its Constitution, he said the Constituent Assembly envisioned a disciplined corps of financial professionals who could guide a young nation out of uncertainty and onto a path of sustained growth.
“Today, ICAI stands as the world’s largest accounting body, with over five lakh members and eleven lakh students. From being partners in nation-building, we have evolved into partners in global progress,’’ the ICAI President said.
In the present dynamic environment, finance professionals are no longer mere custodians of numbers; they are strategic navigators, regulators, stakeholders and enablers of societal resilience and confidence. “To stay ahead, we must align with international best practices, adapt them to our local context and integrate them into our work to deliver the highest standards of excellence,’’ Nanda said.
Ananda Rao Potnuru, President, Hyderabad Chartered Accountants’ Society sai the global economy today is deeply interconnected, capital, goods, technology and talent move seamlessly across borders. A policy shift in Washington can ripple through Mumbai, and an innovation in Bengaluru can reshape markets in Europe. “In such a world, survival hinges on adaptability, and leadership demands constant reinvention,’’ he said.
V V Rama Raju, Chairman, FICCI Telangana State Council & Founder & MD, Gaja Engineering said the future would belong to organisations that are bold in adopting digital technologies, strong in governance, high in performance and agile in decision-making, according to a release.
Published on November 23, 2025
