• "Chartered Accountants are the financial doctors of our nation, safeguarding India's economic health" - says Smt. Rekha Gupta, Chief Minister, Delhi
• Chartered Accountants partnering government in increasing GST and income tax Compliance, says CA. Charanjot Singh Nanda, President, ICAI

The Institute of Chartered Accountants of India (ICAI), today celebrated Accounting Standards Day (AS Day) on theme Navigating the Financial Reporting Landscape. The event aimed to engage stakeholders and raise awareness about the crucial role of Accounting Standards in the preparation of financial statements. AS Day was observed simultaneously pan India across all five regions namely Delhi, Jaipur, Mumbai, Chennai and Kolkata, reaching a wide audience of industry professionals.

The event in Delhi was inaugurated by Honorable Chief Minister of Delhi, Smt. Rekha Gupta as the Chief Guest, in presence of CA. Charanjot Singh Nanda, President, ICAI, CA. (Dr.) Sanjeev Kumar Singhal, Chairman, ASB; CA. Vishal Doshi, Vice Chairman, ASB; along with Chairman NIRC.

Smt. Rekha Gupta, Chief Minister of Delhi acknowledged the vital role Chartered Accountants play in tax collection and the nation’s economic growth, referring to them as "Financial Doctors" who safeguard India's financial health.

She stated, "Despite limited resources, Delhi has presented one of its largest-ever budgets, and I had full faith in our 45000 CA community based in Delhi who will help us achieve our ambitious revenue goals. Your work goes beyond compliance; you drive transparency, promote tax awareness and make our systems more citizen friendly. You may not wear a uniform or stand at the borders, but through your professional integrity and tireless commitment, you serve the nation every single day."

She further proposed that ICAI can act as knowledge partner of the Delhi Government and help us achieving higher economic growth.

This flagship event brought together industry leaders, academicians and financial experts to discuss key developments, challenges and the evolving future of financial reporting in India.

CA. Charanjot Singh Nanda, President, ICAI, emphasized the evolving role of chartered accountants in the era of technology and said "“Whether it is artificial intelligence, blockchain, the Internet of Things, data analytics, cybersecurity, or system audits - Indian Chartered Accountants are not just adapting, they are leading. From increasing GST and income tax compliance to leading global initiatives in forensic and remote auditing, ICAI professionals are recognized worldwide for their credibility, rigour, and integrity. ICAI is keen to partner Government in Delhi and provide technical expertise on various matters."

CA. Sanjeev Kumar Singhal, Chairman, Accounting Standards Board, said, "Sound financial reporting is the cornerstone of strong corporate governance and economic development. The efforts of the ASB and the broader ICAI ecosystem have built a robust framework that ensures transparency, comparability, and integrity in financial statements."

The event was followed by panel discussion by eminent industry experts to reinforce ICAI’s mission of strengthening accounting frameworks and financial transparency through global best practices and innovation, on below topics:

• Financial Reporting Excellence - A Preparer's Perspective
• Reflections - A Decade of Indian Accounting Standards (IND AS)
• Emerging Topics - Indian Accounting Standards and IFRS

This event was attended by over 1500 members across the country and all panel discussions received overwhelming responses from the attendees.

About ICAI

The Institute of Chartered Accountants of India (ICAI) is a statutory body set up by an Act of Parliament under the Chartered Accountants Act, 1949 for the regulation and development of the profession of Chartered Accountancy in India. The Institute functions under the administrative supervision of the Ministry of Corporate Affairs, Government of India. With over 14 Lakh Members and Students, today ICAI is the largest professional accountancy body in the world. ICAI has a wide network of 5 Regional Councils and 177 Branches within India and a global presence with 52 Overseas Chapters and 33 Representative Offices spanning 85 cities across 47 Countries worldwide.