The Institute of Chartered Accountants of India (ICAI) has been playing a significant role in the International arena by having a focused approach to work for the global accountancy profession. Over the years, ICAI- the second largest professional body of Chartered Accountants globally- has expanded its ambits with 42 chapters across the world.
Latest to this row, on June 10, 2021, the 42nd chapter of ICAI has been launched at Accra in Ghana along with two Representative Offices (nodal point) offices- one at Gabon (Libreville) and the other at Ivory Coast (Abidjan). However, as the Covid-19 pandemic has restricted the scope of gathering together, the inauguration has been held as a virtual, online, ceremony.
At present, more than 40 ICAI members are working in Ghana in various sectors of the economy. CA Sameer Gupta Harishankar has been selected as the founder Chairman of the ICAI Accra Chapter. While CA Hitesh Makhija has been assigned as the Vice-Chairman of the ICAI Accra chapter. Along with this, an eight-member committee has also been formed.
The ICAI is a statutory body established by an Act of Parliament- the Chartered Accountants Act, 1949 for regulating Chartered Accountancy in the country. The Institute, however, functions under the administrative control of the Ministry of Corporate Affairs, Government of India.