The newly elected President of the Institute of Chartered Accountants of India (ICAI), CA Charanjot Singh Nanda, along with Vice President, CA Prasanna Kumar D, communicated his vision at a press conference in New Delhi. From February 12, 2025, the newly elected 26th Council will come into force. President CA. Charanjot Singh Nanda’s one major focus was merging the technology with the human well-being. ICAI President CA. Charanjot Singh Nanda Unveils Vision for 2025-26: Advancing Technology & Promoting Work-Life Balance
He outlines the integration of the top-class technology like Artificial Intelligence, for efficiency, precision, and progress. During the time he specifies, the importance of work-life balance is ensuring that the professionals will succeed in their careers and lead fulfilling personal lives.
Advancing Technology & Promoting Work-Life Balance
On this occasion, he expressed “This year we have formed a new Committee on Promoting Work-Life Balance because in today’s fast-paced world, professionals need moments to relax and pursue personal interests for better productivity. The work of a chartered accountant is demanding. Through this initiative, we aim to ensure that our members find the right balance between their professional commitments and personal well-being, making them more productive and fulfilled.”
President, ICAI announced several strategic initiatives emphasizing the major priorities for the term 2025-26.
- Committee on Promoting Work-Life Balance: An initiative committed to promoting well-being and personal development among members and students.
- Technology integration: To increase the efficiency of the profession, strengthening AI, blockchain, and data analytics applications in accounting and auditing.
- Expanding Global Outreach and Exploring New Avenues: Expanding the International footprint of ICAI via fostering robust networking opportunities for Indian Chartered accountants.
- Empowering students: Launching structured mentorship programs and faculty development initiatives to support students
- Non-Financial Reporting and Sustainability Initiatives: Improving the coverage of sustainability reporting, motivating eco-friendly business practices, and lessening the carbon footprint of the profession.
- Strengthening Disciplinary Mechanism: Strengthening the disciplinary framework to keep integrity, ensuring swift and fair proceedings.
- Partner in Nation Building: Streamliner to Government Strengthening MSMEs, improving financial literacy, and partnering with regulators.
- Research & Excellence: Focus on in-depth research in significant areas contributing to the development of the country.
- Brand Reinforcement: Strengthening the ethical foundation and global reputation of the ICAI.
- Promoting Global Indian Firms: Implementing Domestic and Overseas Networking guidelines, Merger & Demerger rules & guidelines, Multi-Disciplinary Partnership Guidelines, etc.
- Promoting Global adoption of Forensic Accounting and Investigation Standards (FAIS) issued by ICAI
- Dedicating over 1.4 million CA professionals and students to the service of the nation
Vice President CA. Prasanna Kumar D. closing the conference, reaffirmed ICAI’s role in driving financial transparency, governance, and innovation, highlighting its dedication to India’s economic progress and global financial leadership.
Official Announcement by ICAI: Click here
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