A person of professional vigour, dynamism, high integrity and expertise, CA. Nilesh Vikamsey is the new Vice President of The Institute of Chartered Accountants of India for the term 2016-17. He was elected as the Vice President of the Institute of Chartered Accountants of India (ICAI) by the 23rd Council of the Institute on February 12, 2016. Having gained deep insights into the profession as a fellow member of the ICAI with more than 30 years of impeccable professional standing, he has served the ICAI and the profession as a Central Council Member since 2010. He has been a member of the ICAI since 1985. He is widely commended and credited for his key role in conceptualisation and devising of a new futuristic CA Curriculum.
A selfless hard-worker and down-to-earth personality bestowed with exceptional organisational, administrative and leadership skills, he has been elected to the Central Council for three consecutive terms (2010-13, 2013-16, 2016-19). In the capacity of the Council Member, he has served the ICAI and the accountancy profession as Chairman of Board of Studies, Financial Reporting Review Board, Research Committee and Expert Advisory committee. He has also been Vice Chairman of Committee on Information Technology and Corporate Laws and Corporate Governance Committee in the past. He has also effectively contributed to the cause of the profession as a member of the Executive Committee, Finance Committee, Committee on Accounting Standards for Local Bodies and Committee on Banking, Insurance and Pension. He has also served as a member of Accounting Standards Board, Auditing and Assurance Standards Board, Committee for Coperatives and NPO sectors, Corporate Laws and Corporate Governance Committee, Committee on Economic, Commercial Laws and WTO, Expert Advisory Committee, Financial Reporting Review Board, Committee on International Taxation, Committee for Members in Industry, Professional Development Committee and Management Committee among many other committees in the past.
He has always dazzled his fellow members with his humble down-to-earth approach to connect with people, and brilliant and uninterrupted service to the profession. A resident of Mumbai, he has actively partnered in the growth of the nation and the profession as member and first Chairman of the Qualified Audit Report Committee (QARC) of SEBI, Committee on Disclosures and Accounting Standards (SCODA) of SEBI, LLP Committee of Ministry of Corporate Affairs (MCA), Committee Constituted by Ministry of Corporate Affairs pertaining to certain issues raised regarding applicability of foreign investment in the LLPs, Committee for Digitization of Balance Sheet & Annual Reports filed with MCA through MCA-21, Working Group for developing Indian Specific ACORD Standards for the Indian Insurance Market of IRDA, Committee on Road Map for Risk Based Solvency Approach in Insurance of IRDA, First Chairman of the then newly formed Corporate Members Committee of The Chamber of Tax Consultants (CTC) and also on the Managing Council of CTC in 2007-08 , Project Implementation Committee to pursue the implementation of ‘Accrual Accounting’ in the Ministry of Road Transport & Highways constituted by Ministry of Road Transport & Highways and Ministry of Shipping, Merger & Acquisition (M & A) Council constituted by ASSOCHAM and Chairman of Audit Committee & member of Taxonomy Development & Review & Membership Development Committee of XBRL India.
A proponent of putting Indian accountancy profession on global map, he has also passionately represented the profession on the international front at a number of global meetings and conferences. A man with a global outlook and vision, CA. Nilesh Vikamsey is noted for his work as Chairman of Education & CPD Committee of South Asian Federation of Accountants (SAFA) and as Representative of ICAI on the Committee for Improvement in Transparency, Accountability and Governance (ITAG) of SAFA.
As the Vice President of the ICAI, he is now the Vice-Chairman of all the Standing Committees of the ICAI, the Member ex-officio in all Non-Standing Committees of the ICAI and Joint Editor of The Chartered Accountant journal.
Liked for his benign behaviour and beneficent attitude, he holds Diploma in Information System Audit (DISA) of the ICAI besides having done Business Consultancy Studies Course of Bombay Chartered Accountants Society jointly with Jamnalal Bajaj Institute of Management Studies (JBIMS).
As an avid academic, CA. Nilesh Vikamsey has attended and contributed to numerous national and international seminars and conferences on the issues of professional interest. He has addressed at length on various issues including networking, Companies Act, 2013, Accounting Standards, Practice Development, Bank Audit, e-learning, initiatives on education for accountancy showing his passion for the profession and its core concerns.