To address the issues of profession and challenges faced by the CA Firms & Members in Practice, review the regulatory impediments and to suggest changes in this regard for strengthening and developing the capacity of CA Firms / Practitioners enhancing their competence and improving their visibility amongst the business community and to develop the Capacity Building Measures & to prescribe standards of Professional Practice for the enhancement of the Practice Portfolio of the Members in Practice & CA Firms.
To review the regulatory impediments for formal and informal Networking, Merger, De-Merger of CA firms, Corporate Form of Practice, LLP, MDP and other consolidation measures for CA Firms & Members in Practice and review the progress of the various measures of Consolidation for CA firms & Members in Practice in the context of current rules and procedures and to suggest measures including changes & Comprehensive guidance for ensuring effective consolidation and networking of CA firms/Practitioners and to standardize implementation issues at the Firms/Practitioner level.
To promote the various form of practice/consolidation by way of encouraging collaboration amongst the professionals/experts in the relevant fields and establishing the Bridge among the Practitioners & CA Firms by means of various endeavors in Capacity Building & Consolidation Measures for them.
To take all steps and actions required for creating the IT platform for CA Firms & Members in Practice for developing a technical forum for enabling them to provide effective and value-added services.
To conduct/arrange the Workshops/Summits/Conferences/Seminars/ Brainstorming Sessions/Interactive Sessions/ MDPs/EDPs/Residential Refresher Courses/ Orientation programme/Residential Programme/ other programmes /Courses/ Certificate Courses/Post Qualification Courses by the Committee & arrangement for Ph.D./ post qualification Academic Programme/ Knowledgebase programme/other programme in collaboration with Universities/Eminent Institutes /any other entities in India/Abroad by the Committee and develop ways & means to enhance the knowledge base of Members in Practice to enable them to manage practice in efficient manner and to assist them in identifying emerging and specialized service areas of practice for the Members.
To develop or provide IT enabled services for Members in Practice & CA Firms and to create or provide knowledge contents in various forms for facilitating all professional requirements of Practicing CAs and to release Material/Reference Material or Knowledge matter or CD/DVD or Electronic matter or Tools on the issues of new/emerging areas of practice/ other professional interest and to facilitate and improve skills in all field of finance, Accounts, Tax and Audit and other contemporary subject of professional interest
Facilitating Beneficial Products and/or Services for Skill Development, Knowledge Management, Personal/Professional Security/Benefits etc. and such other products/services for professional growth & development of Members.
To prescribe/recommend the Minimum scale of Fees for the professional assignments done by the Chartered Accountants.
To Interact/Network with MSME/Other Ministries/ National/International entities & Practitioners/CA Firms and organize the programme with them for Members in Practice & CA Firms to enable them to carve out newer areas of the profession.
To develop ways & means for Empowerment of Young, Senior & Practicing Members & CA Firms of ICAI through various focused endeavours undertaken by the Committee for them.