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 President of the Institute of Chartered Accountants of India (ICAI) for the year 2021-22 wherein he is currently serving for third consecutive term, i.e. 2013-16, 2016-19 and 2019-22. A blend of erudition, experience, foresight, technical expertise and professional excellence worth emulating and a Fellow Chartered Accountant from Mumbai, CA. Jambusaria, qualified as a Chartered Accountant in 1984 and was in practice for nearly 27 years. He has also served as Chairman of WIRC of ICAI in 2004-05.
As President ICAI, CA. Jambusaria is now Chairman of all Standing Committees i.e. Executive, Finance and Examination Committees, besides being the ex-officio member of all Non-Standing Committees and Editor of ICAI Journal, The Chartered Accountant. CA. Jambusaria is Director of ICAI Registered Valuers Organisation (RVO) and also the representative from ICAI RVO on the “Committee to advise on Valuation matters” of MCA. CA. Jambusaria is Chairman of the ICAI Research wing, ICAI – Accounting Research Foundation and Extensible Business Reporting Language (XBRL) India.
CA. Jambusaria is the member of Professional Accountants in Business (PAIB) Advisory Group of International Federation of Accountants (IFAC). He, in his capacity as President ICAI is representing on International Integrated Reporting Council (IIRC) and the Board of South Asian Federation of Accountants (SAFA). He has also served as Member of SAFA Committee on Professional Accountants in Business (PAIB).
CA. Jambusaria is member of very important committees constituted by the Indian government and regulators relating to policy formation that include Government Accounting Standards Advisory Board (GASAB) and Audit Advisory Board- both constituted by the C&AG of India. He is also Board Member of Insurance Regulatory & Development Authority (IRDA), Insurance Advisory Committee and Apex Committee of IRDA, and Member of SEBI’s Primary Market Advisory Committee. He has also been nominated for the Services Sector Division Council (SSDC) of Bureau of Indian Standards and Chairman of Accounting and Finance Services Sectional Committee of BIS. He has also been nominated on the Review Committee for the B.Com (Hons) and B.Com New Syllabus for all the Universities in the Country by the University Grants Commission(UGC). He was a Member of the e – Commerce Committee formed by the Ministry of Finance and Peer Review Committee of the Central Board of Direct Taxes.
An altruistic hard - worker bestowed with exceptional organisational, networking, administrative and leadership skills, CA. Jambusaria has made noteworthy contributions in whatever capacity he served the profession, particularly as the Chairman of – Ind AS Implementation Committee, International Tax Committee and various other important Committees/ Board of ICAI.
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 technological innovation, public advocacy, financial literacy and niche enablement, he intends to translate his passion for the inclusive growth of the profession through the transformational agenda that the current paradigm merits.