A man of professional wisdom, vision and strong organisational
skills with a firm belief in inclusive growth of Indian accountancy
profession, CA. Naveen ND Gupta has been elected as the new
President of The Institute of Chartered Accountants of India (ICAI)
on 12th February 2018. A seasoned professional of 22 years of
standing, CA. Naveen ND Gupta is widely commended for his role in
making the Income Disclosure Scheme, 2016 a success, which was
acknowledged by the Finance Minister.
He is now Chairman of Board of Directors of ICAI-ARF (Accounting
Research Foundation) and XBRL India. ICAI-ARF is instrumental in
driving governmental accounting reforms in various bodies such as
Indian Railways, MCD and KMC. He is also Director Indian Institute
of Insolvency Professionals of ICAI, which is the first Indian IPA.
Internationally, he is technical Advisor to member SMP Committee of
IFAC.
His association as Central Council Member at ICAI, now running in
9th year since 2010, with position as Vice President in 2017-2018;
has made him traverse regimen of standard setting, quality
assurance framework, and disciplinary mechanism. He has earlier
been Chairman of ICAI's Committee (s) on Direct Taxes, Economic,
Commercial Laws & WTO, Peer Review Board, Capacity Building of
CA Firms and Small & Medium Practitioners and Public Relations.
He has been appreciated for his distinguished contribution as
Vice-Chairman of Audit & Assurance Standard Board, Professional
Development Committee, Internal Audit Standards Board, Continuing
Professional Education Committee, and Board of Studies.
Known for his prowess in many areas, he steered the drafting of
IFRS compliant Schedule III to the Companies Act, 2013, Ind-AS
compliant Schedule III for NBFC, Ind-AS -114 on Regulatory Deferral
Accounts and Guidance Note on Accounting for Rate Regulated
Activities as Convener. He is also credited for initiating and
starting two Certificate Courses on 'Intellectual Property Rights'
and 'Anti Money Laundering Laws' for ICAI.
He is representing ICAI in many important committees constituted
by the Government Ministries/ Regulators such as Government
Accounting Standards Advisory Board (GASAB) and Audit Advisory
Board both constituted by C&AG of India, Board of Insurance
Regulatory & Development Authority (IRDA), National Advisory
Committee on Accounting Standards (NACAS) and SEBI's Primary Market
Advisory Committee.
With focus on innovation and niche enablement, he intends to
position CA profession as aiding and upholding public interest by
enhanced focus on Quality Assurance framework, calibrating
Regulation with development and leveraging digital technology to
turn disruptions arising out of changing paradigm of businesses to
niche empowerment.
His vision is to work for Global mobility of CA professionals
through enhanced focus on recognition overseas, capacity building
through exposure to jurisdiction specific skill building programs
and exploring newer industrial training opportunities domestically
and overseas as also international placements of Indian CAs.