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, holds a Master Degree in Commerce, 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 & abroad at various events organised by the ICAI, trade organisations and other reputed Institutes.
As an accomplished professional having immense knowledge of trade and industry, he has served as an active member of several prestigious boards, forums and institutions in India, viz., Quality Review Board established by Govt. of India, Board of Extensible Business Reporting Language (XBRL) India and The Board of Governors of Assam Down Town University. He also represented ICAI in Uday Kotak Committee on Corporate Governance set up by SEBI as well as the Committee set up by Ministry of Corporate Affairs for revision in CARO. Dr. Mitra is also the Member for Committee on Corporate Governance Guidelines for Insurers in India and is also on the Committee for drafting Appendix to the Investigation Manual of Serious Fraud Investigation Office (SFIO).
On international front, he was the Chairman of Committee on Education, Training and CPD of South Asian Federation of Accountants (SAFA) and member of Audit Group of Confederation of Asian and Pacific Accountants (CAPA). He has also served as member of SAFA Committee on Auditing Standards and Quality Control.
Dr. Mitra has held several key positions in the ICAI, viz., Chairman, Board of Studies of ICAI (Academic), Director, Accounting Research Foundation, Vice Chairman, Auditing & Assurance Board, member, Disciplinary Committee, Bench 4 of ICAI and as member of many other important committees. He has also held key positions as former Chairman of the Eastern Indian Regional Council of ICAI as well as Guwahati Branch of EIRC of ICAI.
A seasoned strategist and leader to the core, he is the former President of Rotary Club of Calcutta, the oldest running Rotary Club in Asia, as well as former National President of The Institute of Internal Auditors (India).