Nihar N Jambusaria elected ICAI President
Debhashis Mitra has been elected as Vice President
The CA Institute appointed its new President Nihar N Jambusaria on Friday. He has been elected as President of the Institute of Chartered Accountants of India (ICAI) for 2021-22.
A Fellow Chartered Accountant from Mumbai, Jambusaria qualified as a chartered accountant in 1984 and was in practice for nearly 27 years. He had also served as the Chairman of Western India Regional Council (WIRC) of ICAI in 2004-05.
Jambusaria is also currently Board Member of the Insurance Regulatory and Development Authority (IRDA) and Member of SEBI s Primary Markets Advisory Committee.
Auditors no longer just watchdogs: NFRA chief
December 27, 2020
Stop taking shelter under this misconception, says R Sridharan
Audit regulator National Financial Reporting Authority (NFRA) has urged the audit fraternity to refrain from taking shelter under the much venerated description of the auditor “being only a watchdog and not a bloodhound”.
Describing this as a “serious misconception”, NFRA Chairman R Sridharan, in a speech that was to have been delivered to an ICAI event of Western India Regional Council (WIRC) but now published on the NFRA website, noted that this description needs to be “exorcised from our minds”.
Sridharan was to be the chief guest at the WIRC’s regional conference on December 24 but the speech was rescheduled to December 26. However, the speech never happened as the WIRC communicated to him that it was not possible to accommodate him in the schedule. Subsequently, the NFRA uploaded the speech on its website on December 24.