PHASE I:
In tune with the emerging
perspectives of the impact of the New Industrial policy of 1991, the Institute,
in 1998, initiated an exercise of creating a vision for the profession and to
restructure accordingly to achieve the same with 2010 as target year. The
rationale behind the task was:
“To see, to plan and to act for becoming world leader in the
profession.”
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| In broad terms, the visioning process was initiated to revisit
the profession and reinvent the potential in order to exceed the expectation of
the liberalization regime triggered in 1991. In the year 2002, a comprehensive
report with detailed restructuring business plan was released and the job of
implementation was interested to the various committees of the Council. Many
milestones achieved, new paradigm created and profession is now having a better
phase than what it would have been without defined strategic restructuring.
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| Now, it is being felt and observed that many tasks as envisaged
in the report titled “ICAI- Vision for the 21st Century” were either achieved or
they need time-relevance-test in current scenario in view of exponential growth
in economy and emerging business models. Since then the world economy, in
general, and India in particular, is evolving at a galvanized pace, and the role
of the Government is also changing from that of a regulator to that of a
facilitator, and all regulatory regimes are evolving to become more transparent
and convergent with the global standards. The dynamics of the economic
environment, technology up gradation and changing profile of the members of the
Institute, inter alia, are collectively pointing out to the need for reviewing
the document. |
PHASE II:
To serve the above-mentioned
purposes, a Special Purpose Committee has been constituted for bringing out
Vision Document 2021. This exercise of revisiting the document `ICAI Vision for
the 21st Century’ will be a process of reinvention in the light of changing
expectations of stakeholders, challenges of competitive environment and emerging
models of civil society. This exercise would transform the Indian CA profession with global insights and strategies and would reinforce its platform. |
Since this exercise is focused to revisit the restructuring plan
and review the achievements of the Institute and the profession since the
publication of the report, the research process of the Committee was revolving
around the following set of activities:
- Review of Vision document 2010
- Close encounter with the chaos and complexity
- Identification of threats and challenges in current scenario
- Eliciting views and ideas from stakeholders through various structured
processes and research instruments.
- A look at opportunities likely to emerge in next decade.
- Identification of competencies, skills, attitude and the knowledge base
required to be leader of the profession
- Comprehensive analysis and interpretation of primary and secondary data and
relevancy test of left out parts of vision
document-2010.
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| In this process of re-invention, it is felt to have a clear
picture of the expectations of the various stakeholders on the role of CAs in
the economy of India in the next decade, and also specifically the expectations
of the stakeholders on the range and quality of services in the developed
economy of India. Accordingly, the Committee is mobilizing various stakeholders
through Task Forces constituted for different stakeholder groups including
personal interactions with key contributors to economy, leaders in business,
industry, society etc., in addition to the members (service providers) and
students (the future). |
(The link to the previous report ‘ICAI Vision for the 21st
Century’ is given as under:
http://www.icai.org )
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