A man of professional wisdom, vision and strong organisational skills with a firm belief in all round inclusive growth of Indian Chartered Accountancy profession, CA. Nihar N Jambusaria has been elected as the new Vice President of the Institute of Chartered Accountants of India (ICAI) for the year 2020-21 wherein he is currently serving for third consecutive term, i.e. 2013-16, 2016-19 and 2019-22. A seasoned professional from Mumbai and currently associated in Industry, CA. Jambusaria qualified as a Chartered Accountant in 1984 and was in practice for nearly 27 years.
CA. Jambusaria is now Vice-Chairman of all Standing Committees including Executive, Finance and Examination Committees, besides being the ex-officio member of all Non-Standing Committees and Joint Editor of ICAI Journal, The Chartered Accountant. He is Director of the ICAI Research wing ICAI – Accounting Research Foundation and Extensible Business Reporting Language (XBRL) India. CA. Jambusaria is appointed as Director of ICAI RVO and also will be representative from ICAI RVO on the "Committee to advise on Valuation matters”.
CA. Jambusaria is appointed as Member of IFAC Professional Accountants in Business Committee for three years starting from January, 2021. CA. Jambusaria has been nominated as ICAI representative as Member for Committee on Corporate Governance Guidelines for Insurers of IRDA in India. He has also been nominated on the Review Committee for the B.Com (Hons) and B.Com Commerce New Syllabus for all the Universities in the Country by the University Grants Commission(UGC).
A blend of erudition, experience, foresight, technical expertise and professional excellence worth emulating and a Fellow Chartered Accountant from Mumbai, CA. Jambusaria has also been Chairman of WIRC of ICAI in 2004-05.
An altruistic hard-worker bestowed with exceptional organisational, networking, administrative and leadership skills, he has been serving as Central Council member since 2013. CA. Jambusaria has represented ICAI in many important committees constituted by the Government Ministries/ Regulators. He has been nominated as a Member of the e – Commerce Committee formed by the Ministry of Finance and Peer Review Committee of the Central board of Direct Taxes.
CA. Jambusaria has made noteworthy contributions in whatever capacity he served the profession, particularly as the Chairman of – Ind AS Implementation Committee, ICAI, International tax Committee and various other important Committees/ Board of ICAI. He has also served as a Member of SAFA Committee on Professional Accountants in Business ( PAIB).
CA. Jambusaria has been a prolific speaker at national and international forum. As an academician and an orator par excellence, he has attended and contributed to numerous national and international seminars. He has addressed more than 900 seminars, conferences so far covering various subjects of professional interest like Direct tax, Accounting Standards, international tax and professional development and alike.
With focus on innovation and niche enablement, he intends to translate his passion for the inclusive growth of the profession through the transformational agenda that the current paradigm warrants.