Surendra Ullal
CHICAGO: The Institute of Chartered Accountants of India (ICAI) inaugurated its 40th overseas chapter in Chicago, USA on April 24, 2021 through virtual mode.
The Washington DC chapter became ICAI’s sixth chapter in the United States which now joins San Francisco, New York, Houston, New England and Washington DC chapters. The virtual ceremony was graced by Amit Kumar, Consul General of India in Chicago, USA as Guest of Honor.
Congratulating the Institute for having its presence at Chicago, Kumar mentioned that the professional competence and contribution of ICAI members in economic and social development of a country is well recognized worldwide. He provided a brief overview of the priorities in India-US relations. He mentioned that the professional Institutions like ICAI can play a key role by leveraging through its vast network of professionals in advancing and deepening the partnership between India and USA as we mark India@75. He offered his full support to facilitate endeavors of ICAI in Chicago, USA.
ICAI President CA Nihar N Jambusaria provided an overview of ICAI and the role various international chapters play in strengthening bilateral relationships between the countries. CA Mahaveer Singhvi (IFS), Joint Secretary, Ministry of External Affairs, Government of India while addressing at the event said that Chartered Accountants are important part of Indian diaspora in the United States occupying important positions in the industry and public life, and opening of the chapter is an important milestone in furthering ties between the two countries to increase trade and investment between the two great nations to make India Aatmanirbhar.
The founding chairman of the Chapter, CA Gaurav Jain in his inaugural address said that Chicago chapter will serve as a strong knowledge platform bringing together 50+ chartered accountants in Chicago to connect them through organizing CPE based sessions for spreading knowledge and understanding etc.
- Debashis Mitra, Vice President, ICAI while congratulating the opening of Chapter informed about ICAI’s current endeavors in the field of Information Technology. He also mentioned that how ICAI is investing heavily in data auditing tools and development of forensic standards for its members in the coming time. Speaking at the event CA. Vish Arunachalam, Founder and Director, USA (San Francisco) Chapter who helped facilitating expand ICAI presence in USA committed his vision to further explore more professional opportunities and footprints of ICAI in North America.
The event was also addressed by guest speakers Mr. John Gimpert, Regional Director, The CFO Leadership Council, Ms. Dorri McWhorter, Chairperson – Illinois CPA Society and Ms. Shweta Baid, Aurora’s 10th Ward Alderman-elect. CA. Hemant Kumar, Vice Chairman, USA (Chicago) Chapter delivered the Vote of thanks and assured ICAI that the Chicago Chapter will be committed towards achieving ICAI’s mission with the support of Consulate General of India in Chicago and Ministry of External Affairs.
The Institute of Chartered Accountants of India (ICAI) is a statutory body set up under an Act of Parliament under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountancy in India. The Institute, which functions under the administrative control of Ministry of Corporate Affairs, has achieved recognition as a premier accounting body in the country for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards.
The ICAI’s sagacious journey of more than 70 years has seen it expand nationally and globally with its establishing 164 branches in India, 40 chapters overseas, 350 thousand members and over 750 thousand students.
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