Reetu | Mar 16, 2023 | Views
ICAI joins hands with Confederation of Indian Industry as a Prime partner for B20
The Institute of Chartered Accountants of India has become prime partner with CII for B20, furthering the ambition of India to become Vishwaguru. B20 is a prestigious dialogue forum of the G20. ICAI also becomes a part of the ESG Action Council. Transparent, robust accounting standards and practices are vital for establishing trust in the global partnerships and emerging global economy.
ICAI has joined forces with the CII as a key partner for B20. The ICAI is positioned to provide leadership in auditing, sustainability reporting standards, and digital accounting for the development of international trade and services. Over time, the ICAI has earned a reputation as a prominent accounting body in the country and around the world for upholding the highest technical and ethical standards, as well as severe examination and education requirements.
By this collaboration, ICAI will become a member of the ESG Action Council and will be active in several B20 policy efforts.
“The ICAI’s cooperation with the B20 as a Prime Partner demonstrates our commitment to assisting the Indian government in making India a Vishwaguru. For sustainable development, the global economy today demands transparent, robust accounting standards and practises. We at ICAI look forward to this relationship and extend our technical and knowledge support to all the participating nations,” stated CA. Aniket S. Talati, President, ICAI. He also stated that ICAI members and students will have online access to B20 activities.
The ICAI has been in the forefront of promoting good governance standards that ensure robust accounting and auditing practises. Its role in controlling the orderly evolution of the profession, oversight on members working through a competent Disciplinary Process, as a Standard Setter, and as an Educator has been exceptional throughout its seven decades of existence.
Business 20 (B20) is the official G20 dialogue forum with the global business community. Established in 2010, B20 is among the most prominent Engagement Groups in G20, with companies and business organizations as participants. The B20 leads the process of galvanizing global business leaders for their views on global economic and trade governance issues and speaks in a single voice for the entire G20 business community.
The B20 aims to deliver concrete, actionable policy recommendations on priorities by each rotating presidency to spur economic growth and development. The B20 bases its work on Task Forces (TFs), and Action Councils (ACs) entrusted to develop consensus-based policy recommendations to the G20 and international organizations and institutions. The B20 officially conveys its final recommendations to the G20 Presidency during the B20 Summit.
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