A man with strong professional ethics, refined thought process, technical expertise and vision to embrace technology to lead the profession. On 12th February 2023, CA. Aniket S. Talati was elected as 71st President of The Institute of Chartered Accountants of India (ICAI) for the term 2023-24.
While serving the ICAI Council as a member since 2016 and then as Vice-President of the Institute in 2022-23, he earned respect for his formidable organizational skills and deep insight into the affairs of the profession. CA. Aniket S. Talati has contributed to the cause of the profession from various professional perspectives and is widely commended and credited for leading the Digital Transformation within ICAI. Numerous digital Initiatives launched under him stand testimony to this fact. His penchant for inspiring new ideas and innovations is evident in conceptualizing and devising a new futuristic CA Curriculum.
As President of ICAI, CA. Aniket S. Talati is also the Chairman of all the Standing Committees, i.e., Executive, Finance, and Examination Committees, as well as ex-officio members of all Non-standing Committees and Editor of ICAI Journal, The Chartered Accountant. During 2022, he was the Vice-Chairman of the Working Committee of the World Congress of Accountants, ICAI. He successfully hosted the most magnanimous and historic World Congress of Accountants in Mumbai in 2022.
He also Chairs the ICAI research wing Accounting Research Foundation (ICAI ARF), Extensible Business Reporting Language (XBRL) India. He is the Director on the Board of the Indian Institute of Insolvency Professionals of ICAI (IIIPI). He also represents the Institute as a member of the Insolvency Law Committee and as a Standing Committee of MCA for review of the implementation of the Insolvency & Bankruptcy Code, 2016.
CA. Aniket has been passionately representing India and the profession on international forums at several global meetings and conferences, striving to position India as Global Accounting Hub. Currently, he is the Technical Advisor to the ICAI's Nominee on the IFAC Board, PAIB Advisory Group of IFAC, besides being a Board member of SAFA (South Asian Federation of Accountants). Also, he represents ICAI on the Integrated Reporting and Connectivity Council (IRCC) and Board meetings of the Pan African Federation of Accountants (PAFA) and ASEAN Federation of Accountants (AFA).
Moving ahead with ICAI's role as a partner in Nation building being President ICAI, CA. Aniket S. Talati is supporting the Government and Regulators as a member of the Government Accounting Standards Advisory Board (GASAB) & Audit Advisory Board formed by the C&AG of India, Insurance Advisory Committee and Board of Insurance Regulatory & Development Authority of India (IRDAI) and SEBI’s Primary Market Advisory Committee.
With his exceptional understanding, skills to blend new age thinking with the traditional approach, and ability to connect with all, CA. Aniket has an outstanding capability to pursue the agenda of inclusive growth, dealing with issues of Small and Medium Practitioners and taking the Institute and Indian accountancy profession to much greater heights on a global pedestal. During his stints with the ICAI, he led the cause of the profession from the front through various Committees of the Ahmedabad Branch & Western India Regional Council of the ICAI.
Bachelor of Commerce from Mumbai University and a Rank holder from Gujarat University, CA. Aniket S. Talati also holds a Master of Commerce. With strong expertise in technical matters, he has written numerous articles in various magazines and publications and addressed hundreds of seminars and conferences.