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I am pleased to present this Report, which shares the experience of the Vision Project, which was widely spread over the different segments of the profession across the country. The mammoth task entrusted to the Committee was to identify the real attitude and perception of the profession and to see whether members at the remote corners were having any inclination to compare their competencies with the economic behaviour of the country and the Asia-Pacific Region. The Committee elicited the views by involving the members at large- both in practice and service through structured and focussed questionnaires. Views of the aspirants of the profession, viz. students were also collected through a separate questionnaire structured for them. 100,000 members and approximately 200,000 students were exposed to the questionnaire through Institute's Journal, the Student Newsletter and the website of the Institute. In addition, we worked for obtaining the views from within and outside the profession, such as Regulators, the Governments, Association of Industries/Trade Bodies and professionals from other branches of knowledge. We wanted to visualise the profession over a period of 10 years and compared it with the present existence and match it with the expectation of all the stakeholders during our visioning process. Accordingly, the Committee, first of all, identified the stakeholders, the changes in the economic environment, especially after the introduction of New Industrial Policy, 1991 in order to develop a new vision for the profession and to restructure the whole gamut of the profession and thereby, the activities of the Institute.
The views collected from the diversified segment of the profession through structured questionnaires, task forces, future forums and opinion groups were analysed segment wise and a core purpose statement was developed. Thereafter, many workshops and opinion forums were conducted to mobilise the exercise in obtaining views and suggestions from wider cross section. Interviews were also conducted with the users of the profession and key decision makers of the business and the corporate world for seeking their opinion and suggestions.
Reports of similar exercises conducted by premier accounting bodies in different countries were also reviewed and analysed. Afterrelease of detailed Vision Document, the Committee developed strategies for restructuring of the profession and also suggested the restructuring of the administration of the Institute. For the formulation of success strategies, the Committee also designed a self-appraisal questionnaire, which was exposed to the members through the Institute's Journal and Website for eliciting the views of the profession for giving final touch to the Implementation Business Plan. Thereafter, the Committee met at the end of the last year and translated the conceptual business plan into specific action points to be taken care by various Committees of the Council.
While identifying the Action Points, the Committee considered a three way approach to be adopted by these Committees, namely, Pilot Project, Parallel Programme and Big Bang. As already known to the profession, many technical Committees of contemporary importance such as Information Technology, Trade Laws and WTO, Insurance etc. and introduction of specialised Post Qualification Courses have already been initiated by the Institute following the Big Bang Approach suggested by the Committee.
I would like to profusely thank Dr. M.B. Athreya, eminent consultant, who was involved in the project from the beginning as facilitator for the exercise by advising the Committee from time to time and giving various inputs, which have really helped in developing the strategies for success. His rich experience in Visioning Process has really guided the Committee right through the project.
Mention must be made of the significant contribution made by Dr. Ashok Haldia, Secretary of the Committee, throughout the exercise by active participation in many brainstorming sessions giving valuable insight and perspective on several issues. I would specially like to thank Shri S.K. Kushwaha, Asst. Secretary, for managing Committee Secretariat at headquarters and assisting in giving final shape to this Report.
From the core of my heart, I like to extend my deep sense of gratitude for the co-operation of the, present and past Presidents, Vice-Presidents and my colleagues in the Council.
My sincere appreciation to all the Co-opted Members of the Vision Committee without whose support and excellent contribution, this exercise would not have been made possible.
My thanks are also due to all those who have extended their valuable suggestions especially from the Government, regulatory bodies, industry associations, trade bodies and experts from other branches of knowledge.
Date: 30 Sept. 2002
Place: Hyderabad
S. Gopalakrishnan
Chairman
Committee on Vision & Restructuring

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