Nagpur: Immediate past chairman of Nagpur branch of ICAI CA Umang V Agrawal has been nominated as a member of research committee of The Institute of Chartered Accountants of India, New Delhi for the year 2019-20.
The research committee is a non-standing committee of ICAI set up in 1955 with a view to undertake research activities to improve the quality of services rendered by the profession. The primary objective of the committee is to undertake research in the field of accounting and other affiliated areas with a view to enhance the value of services rendered by the profession.
The ICAI, through its research committee, has continuously striving to provide general guidance for recording and reporting complex accounting transactions in accordance with the accounting principles laid down in accounting standards. The committee also conducts an annual competition, ‘ICAI Awards for Excellence in Financial Reporting’ with a view to improve presentation of financial statements.
Reacting on his appointment, Agrawal expressed his pleasure and thanked the President of ICAI, Prafulla Chajjed and the council to allow him contribute to the profession through the activities of the committee.
The committee comprises Babu Abraham, Central Council Member as Chairman and chartered accountant members from different parts of the country.