Council of the ICAI has elected its new Torchbearers, for the year 2022-23, i.e. CA (Dr.) Debashis Mitra as President and CA Aniket Sunil Talati as Vice-President.
Brief Profile of CA (Dr.) Debashis Mitra, President ICAI (2022-23)
A visionary with strong academic leaning and having deep professional insight, CA. (Dr.) Debashis Mitra, has been elected as the President of The Institute of Chartered Accountants of India (ICAI) for the year 2022-23. Serving his third term in the Council of ICAI, he has been serving the accounting profession for last more than thirty-four years. Dr. Mitra, a senior practising member, is also a Cost Accountant, Company Secretary, holds a Master’s degree in Commerce, Law graduate and a qualified Information Systems Auditor. With keen interest in academic research, he is a Ph.D. on the topic “A Critical Study of Select Indian GAAP, US GAAP & IAS / IFRS”.
As President ICAI, CA.(Dr.) Debashis Mitra is now the Chairman of all Standing Committees i.e. Executive, Finance and Examination Committees, besides being the ex-officio member of all Non-Standing Committees and Editor of ICAI Journal, The Chartered Accountant. CA. Debashis Mitra is the Director of ICAI Registered Valuers Organisation (RVO) and also the representative from ICAI RVO on the “Committee to advise on Valuation matters” of MCA. He is also Chairman of the ICAI Research wing, ICAI – Accounting Research Foundation and Extensible Business Reporting Language (XBRL) India. He is also on the Board of Indian Institute of Insolvency Professionals of ICAI.
CA. (Dr.) Debashis Mitra is a member on the Board of Chartered Accountants Worldwide (CAW) and the South Asian Federation of Accountants (SAFA). He, in his capacity as President ICAI is a representative on International Integrated Reporting Council (IIRC).
CA.(Dr.) Debashis Mitra will now be representing ICAI in some very important Committees constituted by the Indian government and Regulators that include Government Accounting Standards Advisory Board (GASAB) and Audit Advisory Board- both constituted by the C&AG of India. He is also Board Member of Insurance Regulatory & Development Authority (IRDA), Insurance Advisory Committee and Member of SEBI’s Primary Market Advisory Committee.
A persuasive and intense trainer, he is renowned for his interactive deliberations in International Financial Reporting Standards (IFRS) and Corporate Laws. He has trained many officials of several corporate and non-corporate entities as well as Central and State governmental organizations. An avid speaker, he passionately shares his deep and incisive knowledge in India & abroad at various events organised by the ICAI, trade organisations and other reputed Institutes.
As an accomplished professional having immense knowledge of trade and industry, he has served as an active member of several prestigious boards, forums and institutions in India, viz., Quality Review Board established by Govt. of India, Board of Extensible Business Reporting Language (XBRL) India and The Board of Governors of Assam Downtown University. He also represented ICAI in Uday Kotak Committee on Corporate Governance set up by SEBI as well as the Committee set up by Ministry of Corporate Affairs for revision in CARO.
On international front, he was the Chairman of Committee on Education, Training and CPD of South Asian Federation of Accountants (SAFA) and member of Audit Group of Confederation of Asian and Pacific Accountants (CAPA). He has also served as member of SAFA Committee on Auditing Standards and Quality Control.
Earlier, Dr. Mitra has also served the profession as Chairman of the Eastern Indian Regional Council of ICAI as well as Guwahati Branch of EIRC of ICAI. A seasoned strategist and leader to the core, he is the former President of Rotary Club of Calcutta, the oldest running Rotary Club in Asia, as well as former National President of The Institute of Internal Auditors (India).
Brief Profile of CA. Aniket Sunil Talati, Vice-President, ICAI (2022-23)
A man of refined thought-process, quick understanding and sharp vision, CA. Aniket Sunil Talati has been elected as the Vice-President of the Institute of Chartered Accountants of India for the term 2022-23. Respected for his strong organizational skills and deep insight in the affairs of profession, CA. Aniket Talati has contributed to the cause of profession from various professional perspectives.
Being Bachelor of Commerce from Mumbai University and a Rank holder from Gujarat University, CA. Aniket Talati further pursued Master of Commerce. He has led the cause of profession through various committees of the Branch & Regional Councils of ICAI. He has served as the Chairman of Ahmedabad Branch of ICAI for the year 2014-15 and as Secretary, WIRC for the year 2017-18.
He was the Chairman of Financial Reporting Review Board (FRRB), Vice Chairman of CSR Committee and Convenor of Digital Re-Engineering & Learning Directorate of ICAI. He was also the Director of ICAI Accounting Research Foundation (ICAI ARF) and also the member of various other Committees, Boards and Directorates of ICAI. CA. Aniket Talati is at the forefront of Digital Transformation within ICAI and numerous digital Initiatives launched under him stand testimony to this fact.
CA. Aniket Talati has also been appointed as an advisor to the board of International Federation of Accountants (IFAC). IFAC is the global organization for the accountancy profession. Founded in 1977, IFAC has more than 175 members and associates in more than 130 countries and jurisdictions, representing more than 3 million accountants employed in public practice, industry and commerce, government, and academe. He has served as Executive Committee Member of Gujarat Chamber of Commerce & Industry (GCCI) and is currently member of the Direct Tax Committee of GCCI.
A man of grass-root understanding of the matters and respected for his down-to-earth approach to the issues at hand among his professional colleagues, CA. Aniket Talati has a surpassing ability to deal with a variety of difficult situations.
Having an exceptional ability to bring out a range of alternative solutions on the table in any given situation, he has to his credit successful closures of many a taskforce and time-bound non-standing groups and teams. Being thoroughly conversant with the professional concerns and demands of his times, CA. Aniket Talati has authored relevant books, including ‘Treatise on RERA’ published by CA Association Ahmedabad.
An academic by temperament, CA. Aniket Talati has published numerous articles in newspapers, magazines and professional newsletters and delivered lectures in about 250 seminars and conferences.