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ICAI elects New Torchbearers for the year 2021-22

The Council of the Institute of Chartered Accountants of India (ICAI) elected its new President & Vice-President for the term 2021-2022.

CA. Nihar N Jambusaria has been elected as the President and CA. (Dr.) Debashis Mitra has been elected as the Vice-President of The Institute of Chartered Accountants of India w.e.f. February 12, 2021.

A man of professional wisdom, vision and strong organisational skills with a firm belief in all round inclusive growth of Indian Chartered Accountancy profession, CA. Nihar N Jambusaria has been elected as the new President of the Institute of Chartered Accountants of India (ICAI) for the year 2021-22 wherein he is currently serving for third consecutive term, i.e. 2013-16, 2016-19 and 2019-22.

A blend of erudition, experience, foresight, technical expertise and professional excellence worth emulating and a Fellow Chartered Accountant from Mumbai, CA. Jambusaria, qualified as a Chartered Accountant in 1984 and was in practice for nearly 27 years. He has also served as Chairman of WIRC of ICAI in 2004-05.

CA. Jambusaria is now Chairman of all Standing Committees including Executive, Finance and Examination Committees, besides being the ex-officio member of all Non-Standing Committees and Editor of ICAI Journal, The Chartered Accountant. CA. Jambusaria is Director of ICAI Registered Valuers Organisation (RVO) and also the representative from ICAI RVO on the "Committee to advise on Valuation matters”. CA. Jambusaria is Chairman of the ICAI Research wing, ICAI – Accounting Research Foundation and Extensible Business Reporting Language (XBRL) India.

CA. (Dr.) Debashis Mitra, with his unequivocal commitment has been elected as the Vice-President of the Institute of Chartered Accountants of India for the year 2021-22. After being part of the Central Council for the period 2016-19, Dr. Mitra is serving his second consecutive term in the Council for the period 2019-22. With great vigour and enthusiasm, he has been serving the accounting profession for last more than thirty-four years. Academically erudite Dr. Mitra, a senior practising member, is also a Cost Accountant, Company Secretary, Law graduate and a qualified Information Systems Auditor. With keen interest in academic research, he is doctorate in the complex and intrigue area of accounting standards and has been awarded Ph.D. on the topic ‘A Critical Study of Select Indian GAAP, US GAAP & IAS / IFRS.’

A persuasive and intense trainer, he is renowned for his interactive deliberations in International Financial Reporting Standards (IFRS) and Corporate Laws. He has trained several officials of many corporate and non-corporate entities as well as Central and State governmental organisations. An avid speaker, he passionately shares his deep and incisive knowledge in India at various events organised by the ICAI, trade organisations and other reputed Institutes.

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