To formulate Guidance Notes on accounting aspects to be issued under the authority of the Council of the Institute.
To publish Technical Guides, Studies, Monographs, etc., on generally accepted accounting and/or auditing principles and practices designed to enhance the value of the services rendered by the profession.
To disseminate information to the members with respect to the subject covered in Clause 2(a)
To undertake research projects on the topic pertaining to Profession and Economy.
To render research services expected of professional research institutions as for example in:
Conducting research on various fields which have a direct and indirect bearing on Accountancy and other areas.
To carry on research in collaboration with other institutions like the Management Institutes, Universities, Financial Institutions, Corporate Bodies, and Professional Institutes at national and international level, etc.
Preparing representations on various matters of accounting that affect the profession and fall within the scope of research.
Preparing suggestions/comments on the accounting issues referred by the Government and other bodies; except on the matters looked after by the Accounting Standards Board (ASB) of the Institute.
To recommend financial assistance for undertaking research on accounting and allied subjects.
To conduct a competition for the ‘ICAI Awards for Excellence in Financial Reporting’, with a view to improve the presentation of financial statements.
Matters referred by other Committees etc.
To consider and give opinion on matters of general application referred by the Council or by other Committees or by the President.
To deal with such other matter as the Council or the President may consider appropriate.
To conduct International Award for Research in Accounting, Auditing, Economics, Finance and Taxation.
To establish fully equipped Research & Development centres in the country.