A thorough academician, with a consistent pursuit towards achieving excellence and a technically affluent professional who has been significantly contributing to the cause of the profession, CA. Ranjeet Kumar Agarwal has been elected as the Vice-President of the Institute of Chartered Accountants of India for the term 2023-24.
CA. Ranjeet Kumar Agarwal is a practicing Chartered Accountant since last 24 years. He graduated from the prestigious Calcutta University. He is also a Company Secretary & DISA from ICAI. He was elected to the 23rd, 24th & 25th Central Council of the Institute of Chartered Accountants of India 3 times in a row. During his Chairmanship in 2013-14, the Eastern India Regional Council (EIRC) received the coveted award for the Best Regional Council.
During his distinguished stint, he has chaired many committees and has several accomplishments to his credit. As a visionary reformist, he had chaired the Professional Development Committee of ICAI, implemented Bank Branch Audit Software and conceptualised and implemented UDIN which was indeed a landmark initiative of ICAI. He was also the Convenor of Group constituted to implement UDIN concept in all SAARC Countries (Sri Lanka, Pakistan, Nepal, Bhutan, Bangladesh, Afghanistan & Maldives). He had also led the ICAI Group that presented the FRRB Bill before Joint Parliamentary Committee (JPC).
An expert in Professional Ethics, he as the Chairman of the Ethical Standard Board of ICAI, was instrumental towards bringing the revised the Code of Ethics after a gap of 10 years and implemented the New Code of Ethics considered to be the guiding light for the accounting profession.
As the Vice Chairman, Board of Studies, he steered major refinements in the processes and their implementation. Out of the various groups formed for the dealing with the various aspects of CRET for the year 2021-22, he was the Convenor of the Group for Examination related matters. The ICAI Mobile App, which has become the most renowned online learning platform for students, was also launched under his tenure. In 2019 he was the Convenor of the Group Constituted for Review of the entitlement for engaging Articled Assistant(s).
Under his dynamic leadership as the Chairman of Committee for Members in Industry & Business (CMI &B) in 2022, both the Campus Placement Programmes for Newly Qualified Chartered Accountants and Experienced CAs secured an unprecedented success and witnessed the participation by highest number of recruiters and secured the largest number of offered vacancies. The committee had also organised first placement programme exclusively for women CAs. A new campaign titled CA Business Leaders 40 under 40 was also commenced wherein 40 CA achievers in Industry and Business under the age of 40 will be awarded. By the virtue of his able guidance, the committee had published two noteworthy publications namely the Coffee Table Book-‘Milestones- A Chronicle of Activities’ and ‘Tales of Triumph- Stories of Successful Chartered Accountants’ which were highly appreciated by the fraternity.
He has also chaired Tax Audit Quality Review Board (TAQRB) of ICAI wherein he led the steps towards improvising the quality of Tax Audit conducted by members and during the year 2022-23, 80 reports were reviewed by the Board.
He has been nominated as the Technical Advisor to ICAI’s Board Member on the Government Accounting Standards Advisory Board (GASAB) and as the ex-officio nominee of ICAI on the Standing Committee on Accounting Issues(SCAI) of Insurance Regulatory and Development Authority of India (IRDAI). He has also been elected as the ICAI’s representative on the Dedicated Cell on Services Trade Restrictiveness Index (STRI) constituted by Ministry of Corporate Affairs for possible reform measures under STRI and monitor developments in this regard in coordination with Department of Commerce.
Other recent nominations include his nomination as ICAI’s representative on Regional Direct Taxes Advisory Committees formed under Central Board of Direct Taxes (CBDT) at New Delhi and Kolkata and as an Ex-Officio Member in the Committee on Corporate Governance Guidelines for Insurers in India.
His accomplishments at International Front also include his recent appointment as the Technical Advisor to the Board member of SAFA (South Asian Federation of Accountants).
CA. Agarwal is a passionate leader and firmly believes in the inclusive development of the society.