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  • 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:
    • Research activities
      • 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.
    • Other Services
      • 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.
  • Shield Panel
    • 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, Finance and Taxation.

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