Friday, September 5, 2008

Ved Jain

"The Indian IT intellect brought laurels to the country in the last decade; we would see the Indian accountants doing similarly in the next decade. In the 1960s, 70s we were exporting manpower. Indian professionals were not considered important abroad, but for doctors, generally. It was only in the late 1990s and the early part of this decade that we saw recognition for our IT professionals. Indian accountants are the best in terms of the theoretical education and practical training. What was lacking? Soft skills, IT skills and communication, so as to adopt the latest methodology. Now, we at the Institute have taken steps to ensure that the accountants we produce have the best of these missing skills. For example, we have introduced a 3-month residential course, to impart soft skills, with the help of the best of faculty from the IIMs, IAS Academy and so on. Also, we have set up the state-of-the art computer labs across India, where each student is required to go, for rigorous computer training."

Ved Jain, President, The Institute of Chartered Accountants of India, New Delhi (

September 5, 6 pm

1 comment:

Murali said...


CA.VED JAIN, FCA, New Delhi, aged 54 years has been elected as President, The Institute of Chartered Accountants of India (ICAI), the apex body of the profession of Chartered Accountants in India for the year 2008-2009 on 5th February 2008. Academically brilliant, he is a rank holder in both CA Inter and CA Final. A Triple Bachelors Degree Holder ,he has done his Bachelors of Science from Punjab University in 1973. A true follower of Continuous Professional Education, after completing his chartered Accountancy in 1973, for the love of the subject he did his Bachelors of Arts in Economics in 1979. His thirst for knowledge was not slaked still and he completed his Law Bachelors Degree in 1980 from Delhi University. A Fellow Member of ICAI with more than three decades of standing, CA.Ved Jain was elected to the Central Council of ICAI for the first time in 2004 and thereafter in 2007.

He has also held the position of Chairman and Vice-Chairman of Fiscal Laws Committee and Chairman of the Audit Committee. Besides the above, he has also served as a member on several committees namely – Executive Committee, Disciplinary Committee, Accounting Standards Board, Auditing and Assurance Standards Board, Committee for Members in Industry, Committee on Financial Markets and Investors’ Protection, Professional Development Committee, Board of Studies, Committee on Ethical Standards, Editorial Board, Continuing Professional Education Committee, International Affairs Committee and Committee on Accounting for Local Bodies.He is holding the Chair of all the three standing committees- executive,finance and examination.He also holds Chair of Board of Discipline,Perspective Planning,Diamond Jubilee and International Affairs committee.He is the Editor of monthly Journal “The Chartered Accountant”.

Currently, he is a member of the National Advisory Committee on Accounting Standards constituted by the Ministry of Corporate Affairs, Govt. of India and also Co-Chairman of the Committee on Direct Taxes of ASSOCHAM. He was also a member of Committee on Accounting Standards constituted by Central Board of Direct Taxes (CBDT), Ministry of Finance, Govt. of India. Recently he has been appointed as Member of the Developing Nations Committee of International Federation of Accountants (IFAC).

He has been a member of the Income Tax Appellate Tribunal, Ministry of Law, Justice and Company Affairs, Govt. of India. He is also on the Editorial Board of selected orders of ITAT (SOT). A prolific writer, he has authored many books on Direct Taxes and regularly contributes articles on tax matters in various journals, newspapers and frequently makes his presence on various television channels.

His vision for ICAI is to develop Internationally comparable infrastructure ,with state-of-art in-house computer centers. He envisages a fully equipped Role Model Board of Studies and aims to pursue his mission with relentless passion and single-minded devotion and to bring it to fruition.
Sindhu Rajasekharan