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Mission
The Indian Chartered Accountancy Profession will be the valued Trustees of World Class Financial Competencies, Good Governance and Competitiveness.
Vision
Recognise the changes in Economy/Business Environment such as focus on value, dynamic business and organisation structures, developments in Information Technology and Telecommunication, new Government policies, globalisation of business and competitive pressures.
Recognise the path to success by adapting to the changes, knowledge management and acquiring skills to work with future environment influenced by technological and other changes.
Recognise the opportunities for Chartered Accountants in the emerging areas such as new audit and assurance needs, performance measurement services, change management services, strategy management, general practice specialisation and servicing global organisations.
Recognise the Institute's role as a proactive, innovative and flexible organisation, in equipping Chartered Accountants with top quality education and values.
Core Values - Profession Keys for Achieving the Vision
Value addition
Integrity and Independence
Technical Excellence
Analytical and Innovative
Leadership with Consistency of purpose
Synergy through Team Work and Mutual Support
Strategies
Organisation
System
Consequences of the Vision
Chartered Accountants
The Vision broadens the profession.
The Vision moves the profession away from number crunching toward interpretation and value-added services.
The Vision describes a better future for the profession than what existed before the Vision Process.
Clients and employers will be encouraged to view the profession according to the Vision.
The Vision depicts more opportunities for the profession.
Students
The core values, services and competencies are broad and provide flexibility.
The Vision shows off a "new CA look".
If the Vision were true today, non-accounting students would be more likely to pursue a career in the CA profession.
Market Place
The Vision meets with its ideas about a more successful future for the profession.
Users of CA services will have a positive reaction to the Vision.
The emphasis on communication is particularly positive.
The Vision presents a desirable move into the future.
Comparative Analysis
Comparative Analysis of Vision Statements of American Institute of Certified Public Accountants, Institute of Chartered Accountants of Australia and Institute of Chartered Accountants in England and Wales.
Vision Statement of American Institute of Certified Public Accountants Vision Statement of Institute of Chartered Accountants of Australia Vision Statement of Institute of Chartered Accountants in England and Wales
CPAs are the trusted professionals who enable people and organisations to shape their future. Combining insight with integrity. CPAs deliver value by:
Communicating the total picture with clarity and objectivity.
Translating complex information into critical knowledge.
Anticipating and creating opportunities.
Designing pathways that transform Vision into reality.
CORE PURPOSE ?
Making sense of a changing and complex world.
Vision for Institute and Members
To be recognised as leaders on issues of importance to industry, Government and the wider community, nationally and internationally.
To create valued national and international relationship.
To use effectively the skills and knowledge of Chartered Accountants.
To uphold the highest quality of service, ethical standards and integrity.
To meet the challenge of change.
Core objectives of the Mission
To set standards of education, training and integrity for entry to Membership which will help to ensure that the relevance and value of the qualification are maintained and enhanced.
To help CAs to maintain the standards of integrity, objectivity, competence and quality of work which are consistent with membership.
To monitor by appropriate means the professional activities of Members to ensure that they meet the standards expected by the public and by other Members.
To discipline those who fall short of those standards.
To promote the advancement of accountancy and of related activities and to increase their relevance to business and the community.
To work to create an environment in which a strong successful profession can be maintained.
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