The document discusses key developments from CA K. Raghu, a Central Council Member of the Institute of Chartered Accountants of India. It summarizes ICAI's commitments to converge Indian accounting standards with IFRS by 2011. It also discusses ICAI's certification courses on IFRS, conferences on companies bill and direct tax code, opportunities for members in the Middle East, and mutual recognition agreements with other countries.

1. Members in
Industry – Key
developments
CA K. Raghu, Central Council Member, Institute of Chartered Accountants of India

2. IFRS Convergence – ICAI
Roadmap
• Committed to meet the deadline of 1st April 2011 for convergence of Indian Accounting
Standards so select entities as per roadmap of Ministry of Corporate Affairs.
• Accounting Standards Board has completed the task of formulating 32 new fully converged
Indian standards
• NACAS has also approved most of them and it is expected to be notified shortly
• Nationwide campaign to spread awareness about IFRS convergence amongst members
and other stake holders
• Certification and E-learning courses to empower members – 38 batches completed and
more then 2000 have participated in the certification programme
• Conference and Workshops across the country jointly with MCA
• Direct Tax Issues arising because of convergence being handled by a Expert Group
CA K. Raghu, Central Council Member, Institute of Chartered Accountants of India

3. Companies Bill 2009 and Direct
Tax Code
• ICAI has sent its reccomendations to
the Parlimentary Standing Committee
on Finance on the Companies Bill
• Memorandum submitting our
suggestions on the Direct Tax Code
sent to the Ministry of Finance
• Setting up of LLP’s in the auditing
profession – will be a reality shortly
CA K. Raghu, Central Council Member, Institute of Chartered Accountants of India

4. XBRL India
• ICAI sponsors a new XBRL India jurisdiction
• Section 25 Company incorporated to promote
XBRL in India
• Extensible Reporting Language gaining
momentum across the world
• XBRL Tools, Taxonomy development and
membership development is the new agenda
for XBRL India
CA K. Raghu, Central Council Member, Institute of Chartered Accountants of India

5. Opportunities for members in the
Middle East
• Chapters in Dubai, Abhudhabi, Bahrain,
Muscat and Ras Al Khaimah
• Gulf placements for CA’s is being
organised for the first time
• Excellent job opportunities for both
members in practise and industry
• Articelship training now permitted for
overseas members
CA K. Raghu, Central Council Member, Institute of Chartered Accountants of India

6. Mutual Recognition with other
countries
• MRA with Ireland, Australia and United
Kingdom
• Global opportunities currently for
members in many countries
• CA’s with IFRS knowledge will have
great demand
• IS Audit, ERP Implementation
opportunities on the rise
CA K. Raghu, Central Council Member, Institute of Chartered Accountants of India

7. Committee for Members in
Industry
• To organize campus interviews for newly
qualified Chartered Accountants seeking
employment through the Institute.
• To explore and develop new avenues of
employment for Members in Industry.
• To provide sector specific assistance in
improvement of skills of Members in Industry.
• To consider the problems and issues pertaining
to the career planning, ethics and other related
matters of the Members in Industry.
CA K. Raghu, Central Council Member, Institute of Chartered Accountants of India

8. Committee for Members in
Industry
• To popularize the Placement Portal of the
Institute.
• To bring out background materials/publications
relevant for Members in Industry.
• To organize programmes on the topics relevant
to the Members in Industry.
• To develop a sector-wise data bank of the
Members in Industry and continue to develop
their involvement in the mainstream of the
Institute.
CA K. Raghu, Central Council Member, Institute of Chartered Accountants of India

9. Committee for Members in
Industry
• To encourage and recognize the Corporate
entrepreneurs of our profession i.e., Corporate
MDs, Chairmen, Presidents, etc. in Industry.
• To consider the ways and means to enhance the
participation of the Members in Industry in the
activities of the Institute.
CA K. Raghu, Central Council Member, Institute of Chartered Accountants of India

10. Campus Placement Programme
August –September 2010
• Highest salary offered in the Campus Placement
Programme is Rs 21 Lacs p.a for internationl posting
and 15 lacs p.a for domestic posting.
• The Minimum Salary paid is Rs. 3.25 Lacs p.a.
• Around 1398 jobs were offered to the candidates who
participated in Campus Placement Programme.
• 88 entities including the Corporate organizations and
the Chartered Accountancy Firms have participated
during the Campus Placement Programme.
• Total No. of Candidates selected and accepted the
offer were 1144 .
• 156 Interview Panels have participated during this
Campus Placement Programme

11. • Providing placement through Job Portal
(http://jobs4cas.icai.org)
• Formation of CPE Study circles
• Introducing National Young CA in Industry Award
• Conducted Corporate Forum 2010
• Conducting Programmes and workshops for
members in Industry
• Conducting HR Meets
• Organising Special placement Programmes
• Publications for members as well as Newly qualified
CAs
• Webcasting with eminent leader in profession

12. JOB PORTAL
(http://jobs4cas.icai.org)
The ICAI Job Portal (http:jobs4cas.icai.org) is primarily focused on
Experienced Chartered Accountants and Accounting Technicians.
Through this our committee is constantly providing its services to
recruiting entities and providing a standard platform to jobseekers, so

13. JOB PORTAL
(http://jobs4cas.icai.org)
Features of the Job Portal for employers
• Job Postings Services
• Resume Database Access Subscription
• Advanced Search Tools for recruiting
entities
• Companies can reach to desired
employees through Job Alerts
• Unlimited writing for Job Advertisement
• Extremely fast display of Job Advertisement
• Facility to monitor the activities done
through the Account.
CA K. Raghu, Central Council Member, Institute of Chartered Accountants of India

14. JOB PORTAL
(http://jobs4cas.icai.org)
Features of Job Portal for Candidates
• Update Alert for CV
• Job Messenger and SMS Facility
• Email Alerts
• Resume Building Services
• Job Search Facility on the Basis of Functional
Area
,Industry,Experience,Locations,Expected
Salary,Job Type,Freshness etc
• Covering Letter Option
• Hot Employer/Preferred Employer marking
facility

15. Placement Portal
http://www.cmii.icai.org
• The placement portal of ICAI provides the placement
services to Experienced as well as Newly Qualified
Chartered Accountants, it includes all the important
announcements, knowledge dissemination, News,
Job postings and information pertaining to Committee
for Members in Industry.
• The portal provides an opportunity both to employing
organisations as well as young professional aspirants
/ experienced professionals to meet and explore the
possibility of taking up positions in Industry.
• It also provides an opportunity to professionals in
Finance and Accounting and the industry to interact
with the objective of building capacity for an
international best practice oriented finance and
accounting culture in Indian Industry

16. Good luck to all of you
Thank you
CA K. Raghu, Central Council Member, Institute of Chartered Accountants of India