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Industry News
CA.K.Raghu, President, ICAI appointed as IFAC Board Member
Posted On : 2014-11-27 19:56:57( TIMEZONE : IST )
CA.K.Raghu, President, The Institute of Chartered Accountants of India (ICAI) has been appointed as the Board Member of International Federation of Accountants (IFAC) at the IFAC Council Meeting held at Rome, Italy in November, 2014. IFAC is a global organization for the accountancy profession, dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies.
Beginning with 63 founding members from 51 countries in 1977, IFAC now comprises of 179 members and associates in 130 countries and jurisdictions worldwide, representing approximately 2.5 million accountants in public practice, education, government service, industry, and commerce.
IFAC's mission is to serve the public interest by: contributing to the development of high-quality standards & guidance; facilitating the adoption & implementation of these standards; contributing to the development of strong professional accountancy organizations & accounting firms and promoting the value of professional accountants worldwide and speaking out on public interest issues.
K.Raghu a fellow member of the ICAI with more than 23 years of impeccable professional standing has held numerous leadership positions within the profession. He has been the Central Council Member of ICAI since 2007. At the International Fora, Raghu is the Chairman of "Committee on Education, Training & CPD of South Asian Federation of Accountants (SAFA)," a Member on the "Board of the Confederation of Asian and Pacific Accountants(CAPA)", Technical Advisor to President, SAFA and a Member of "Membership Development Committee of XBRL International."
On being elected on the Board of IFAC, Raghu said "I humbly take pride in joining the league of world accountancy leaders serving the profession globally. In this highly responsible and prestigious position, I look forward to proactively link Indian accounting vision and issues with the ultimate vision of IFAC, which is to get global accountancy profession recognised as a valued leader in the development of strong and sustainable organisations, financial markets, and economies."
