Muscat: The Muscat Chapter of the Institute of Chartered Accountants of India (ICAI) conducted its 12th Annual General Meeting on 1 July, which is celebrated as Chartered Accountant’s day (CA day). Online AGM using an online meeting platform was first of its kind in the history of the Chapter in Oman. CA T N Manoharan, Padmashree Awardee and Past President of ICAI addressed members on "Sustainability of Happiness - CAs to Strike Work-Life Balance".
Amid the COVID situation, the Chapter also conducted a virtual secret ballot poll for the casual vacancy in Managing Committee. The out-going Chairperson - CA Ashwini Sawrikar presented the report highlighting various activities of the chapter during the last year. She thanked CBFS for being the official sponsor for the ICAI-Muscat Chapter; and also the past Chairmen of ICAI-Muscat Chapter and the parent Institute of Chartered Accountants of India; for their continued support and guidance. CA T N Manoharan also released a video that captured the chapter’s activities.
The ICAI Muscat Chapter is run by a Managing Committee of 8 elected members. The committee met after the AGM and decided its office-bearers for 2020-2021. CA Ramananda Prabhu took over as Chairman and other office bearers are CA N Sanil Varghese as Vice Chairman; CA Sajeev Surendran as Secretary and CA Jim Joseph Itty as Treasurer. The committee members also include CA Ashwini Sawrikar, CA G S Bhavani Prasad, CA Manish Jain, and CA Ravi Deora.
Chairman CA Ramananda Prabhu expressed his thanks to the past committee and sub-committees and pledged to continue the activities of the chapter in the same pace with his committed team. He is also determined to continue the efforts of the Chapter to support the establishment of an Accounting Professional Body in Oman which aims at developing Omani Professionals to support Oman economic growth and partner in the progress of Oman’s Nation Building.
The Chapter is conducting Continuing Professional Education (CPE) events every month, which is now shifted to online events. Muscat Chapter also coordinates activities in Salalah and Sohar through its sub-committees. It also celebrates various festivals and cultural events involving the families of members.
ICAI-Muscat Chapter is sponsored by the College of Banking and Financial Studies (CBFS) and is set up under the Memorandum of Understanding between The Institute of Chartered Accountants of India (ICAI), New Delhi and The College of Banking and Financial Studies, Sultanate of Oman and has the objective of providing Continuing Professional Education to the members of the ICAI and this process of professional development is extended to the accountants and finance professionals of all nationalities. The chapter was established in 2008 and has over 400 members.
About ICAI: ICAI is the world’s second-largest professional accounting body that has been set up by legislation of the Indian Parliament, over 70 years ago. ICAI was established with about 1,700 members and has grown to over 340,000 members and about 750,000 students. ICAI and the profession have touched new heights and reached the unfathomed corners of the earth. Building blocks of the profession are being consolidated and empowered. Continuing with vigorous efforts towards exploring and making available ample opportunities for the members, the endeavor of ICAI has been to continually strive to serve the members to the optimum. The USP of ICAI qualification has been an internationally benchmarked curriculum and exposition to practical training making the professionals groomed to the emerging needs of the accounting profession.
The ICAI has played a pivotal role in developing a resilient reporting framework for the sustained economic growth of the nation in the last seven decades. It is the seminal body of accountancy with chapters all over the world.
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