To assist the Council in determining and defining the objectives of the accountancy profession and amending or restructuring such objectives in keeping with the increasing or changing duties and responsibilities of the profession.
To consider the different ways in which the profession could be of assistance in promoting social or economic goals having regard to the present thinking of the society and its changing expectations.
To explore all available potential opportunities whereby newer avenues for professional development and growth may be assured for the Institute’s members and endeavour to establish such linkages (MoU, MRA, etc.) with other bodies as may assist in the achievement of the overall mission.
To ensure that existing opportunities of professional development are fully utilised and maintained at equitable and growth-oriented levels.
To conduct courses, seminars, workshops, etc. on subjects related to professional development and to consider ways and means to provide specific assistance to members in improving their skills and talents on the basis of feedback received from the regulators/government and recommend the same to related Committees.
To promote good governance, best practices and prudent financial management in the Co-operatives and NPO sectors/ mutually aided Co-operative Societies [MACS]/ Self-help groups/clusters and federations and to suggest suitable reforms in the statutes and promote uniform accounting framework regarding Co-operatives and NPOs.
To help the government in monitoring financial discipline in the NPO sector by prescribing transparent guidelines and procedures including documentation and evidence of actual work done and to advise the government on limitations to be imposed on administrative and other expenditures of the NPOs specially those incurred out of government grants.
To formulate guidelines for state-wise auditors empanelment to interact with the concerned authorities.
To promote social audit concept in the NPO and Co-operative Sectors and conduct awareness program for the benefit of the stakeholders and to support the initiatives of the State and Central government and corporations in this sector.
To provide technical and governance inputs through training, workshops, resource materials, publications to the management personnel and members of Governance of Co-operatives and NPO Sectors.
To develop necessary technical guides and publications for the benefit of Co-operative banks, Co-thrifts and credit societies and other Co-operatives as a national movement, develop a knowledge portal to practicing Chartered Accountants providing information regarding opportunities available.
To Conduct Certificate Course on Cooperatives, Certificate Course on Not for Profit Organizations and others.
To deal with such other matters as the Council or the President may consider appropriate.