CA. Manoj Fadnis, Past President, ICAI has been elected as the President of Confederation of Asian and Pacific Accountants (CAPA) for a period of two years at the Board meeting of CAPA held recently at Kuala Lumpur. CA. Fadnis had served as Deputy President, CAPA from 2015-2017. ICAI representative has got the President position in CAPA after a gap of ten years.
With more than 28 years of experience and proven track record, Mr. Fadnis has held numerous leadership positions within the accountancy profession in India. He was the President of ICAI during the year 2015-16. On the international front, he is the member of the SMP Committee of the International Federation of Accountants. He was the Assembly & Board Member of South Asian Federation of Accountants (SAFA) and was the Chair of the SMP Committee of SAFA.
Mr. Fadnis has varied and distinguished experience in area of Taxation and Auditing. He has represented ICAI at various international forums, where he has espoused the concerns of SMPs in the developing nations like India.
The Confederation of Asian and Pacific Accountants (CAPA) is a regional organisation representing 32 national professional accountancy organisations (PAOs) operating in Asia and the Pacific. These PAOs, referred to as CAPA’s members, represent over 1.6 million accountants across the region. CAPA is representing national accountancy organisations in the Asia-Pacific region and ICAI is one of founding members of CAPA. It is one of four regional organisations (ROs) recognised by the global accountancy profession, which is represented by the International Federation of Accountants (IFAC). ICAI has been playing a proactive role in positioning the Indian accounting profession prominently on all the International Accounting forums and building up brand image internationally.
ICAI is a statutory body established under the Chartered Accountants Act, 1949 for regulating the profession of Chartered Accountants in India. ICAI is the second largest accounting body in the world. During its more than 68 years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for maintaining highest standards in technical, ethical areas and for sustaining stringent examination and education standards. The strength of Chartered Accountant fraternity has grown to over 2.80 lakh members and 8 lakh active students. The Institute functions under the Ministry of Corporate Affairs, Government of India. It has its headquarters in New Delhi and 5 Regional offices. It presently has 163 branches spread all over the country. In addition, it has also set up 30 chapters outside India and an overseas office in Dubai.