The Institute of Chartered Accountants of India (ICAI)
(Set up by an Act of Parliament)
ICAI 2021 INTERNATIONAL RESEARCH AWARDS 2021
Last date - 31st May, 2021 ICAI The Institute of Chartered Accountants of India (ICAI) is a International statutory body established under the Chartered Accountants Research Act, 1949 for regulating the profession of Chartered Awards 2021 Accountants in India. ICAI is the second largest accounting body in the whole world with a strong tradition of service to About the public interest and to the Indian economy. During its more ICAI than seventy years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for maintaining highest standards in technical, ethical areas and for sustaining stringent examination and education standards. Since 1949, the profession has grown leaps and bounds in terms of membership and student base. Starting with a handful of about 1700 members, today, the strength of Indian Chartered Accountant fraternity has grown to over 3.2 lakh members. On the education front, the ICAI began with mere 259 students and today about 8 lakh active students are a part of ICAI. The Institute functions under administrative control of Ministry of Corporate Affairs, Government of India. It has its headquarters in New Delhi and 5 Regional offices in Chennai, Kanpur, Kolkata, Mumbai and New Delhi. It presently has 164 branches spread all over the country. In addition, it has also set up 39 chapters outside India, 27 Representative Offices and an overseas office in Dubai. The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The Council is composed of 40 members of whom 32 are elected by the members and remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance, Ministry of Commerce & Industry and other stakeholders.
About Research Committee
The Research Committee of the Institute of Chartered Accountants of India is one of the oldest technical committees 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 Research 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 Committee undertakes approved research projects on current and continuous basis in various areas which are generally published in the form of Guidance Notes, Technical Guides, Studies, Monographs, etc. on generally accepted accounting principles and practices designed, to enhance the value of the services rendered by the profession.
The Institute
of Chartered
Accountants
2 of India (ICAI)
(Set up by an Act of Parliament) ICAI International
Research Awards 2021
Message CA Nihar N Jambusaria
“Research is creating new knowledge” – Neil Armstrong President, ICAI
Research empowers us with knowledge. The findings and CA. (Dr.) Debashis Mitra implications derived from research offer useful insights for policy decisions and project implementation. The learning Vice President, ICAI opportunity offered by research and continuous learning leads us towards professional growth. CA Anuj Goyal
The Institute of Chartered Accountants of India (ICAI) strives Chairman, Research Committee to undertake research projects in various fields having a direct or indirect bearing on Accountancy, Economy and CA. Pramod Kumar Boob ultimately the profession. It is highly imperative that Chartered Accountants refine, update and refresh their Vice Chairman, Research Committee knowledge consistently so that they can provide best possible services to their stakeholders. Researchers across the world have been contributing substantially towards the growth of our profession.
We are delighted to share that The Institute of Chartered Accountants of India (ICAI) under the aegis of Research Committee had instituted the ICAI International Research Awards to recognise the research scholars in the field of Accounting, Auditing, Taxation, Finance and Economics. The first edition of awards ceremony organised in 2020 was graced by internationally renowned and illustrious jury members and the ceremony was concluded with a resounding success.
In the second innings of the award this year, we urge for active involvement and look forward to greater participation in ICAI International Research Awards 2021.
The Institute
of Chartered
Accountants
of India (ICAI) 3
(Set up by an Act of Parliament) ICAI Being a knowledge driven profession, research is the International lifeline for our accounting profession, as it enables us Research to identify the challenges confronting the global Awards 2021 economy where accounting profession can play its due role in augmenting Public Interest by way of research INTERNATIONAL and contributions which could pave path for innovative practices in mitigating the various emerging financial RESEARCH and non-financial risks and alternatively propagate AWARDS good practices for promoting public interest. At ICAI, it is firmly believed that research is the key to The International Research Awards aspires innovation and growth in the emerging economic to build global research community environment. The ICAI envisions to support research to make a positive and tangible impact in standards Promoting Research Based Ecosystem setting, new reporting practices frameworks, policy making etc. While thinking further about initiative to To bring together various stakeholders like promote research, it was envisioned to make it global researchers, institutions, industry to advance with the support of global forums, PAOs and research and innovation in various areas. institutions, as idea was to build a global collaborative research capacity on all accounting related issues to Sharing Learning And Solving Problems develop global legacy for the profession.
Working on problems being faced by global The Awards Could Be Considered To Be The economy to augment trust, public interest, World’s Largest Cross Border Competition governance and economic growth The International Research Awards aims to recognizes Stimulating Debates And Dialogues the research community across the globe and their contribution in fostering innovation and value creation. Identifying emerging challenges, driving The awards further aspire for developing a research forces and way forward to resolve the same. oriented ecosystem promoting trade and investment, augmenting public interest in the globalized financial 4 markets. The inspiration to take awards global was to encourage researchers to work across the industry and borders to develop global standards and policy inputs imbibing elements of trust and excellence in reporting and governance in the emerging tech-enabled global world .
The awards aim is to raise the profile of individuals, teams and institutions undertaking research, recognise innovative approaches to research, encourage multi-disciplinary research, bridge the gap between research and practice and recognize success stories of researchers in the area of Accounting, Auditing, Finance, Economics and Taxation with an objective to enhance the research activities in Accounting, Finance and Taxation and allied areas, to name a few.
The Institute of Chartered Accountants of India (ICAI)
(Set up by an Act of Parliament) Coverage of the Awards ICAI International The areas/scope of the awards would be to identify the topics of international and societal importance where Research accounting profession can leverage its due role. The Awards 2021 award will be given in five broad categories: The illustrative list of areas of such Accounting Research Activities is as under
Auditing Anti–money Laundering Combating Corruption Economics Combating Terrorism Financing Corporate Social Responsibility Finance Fraud Detection Global Financial Stability Global Sustainability Growth Government Sector Accounting Human Resource Accounting Impact of Rotation of Auditors on audit quality in the Indian context
Integrated Reporting International Taxation Laws
Reducing Tax Evasion Simplification of Human Resource Laws
Transparency in Reporting Water Audit
Taxation Being an illustrative list, the areas indicated are ‘not exhaustive’ but indicate areas which came in the realm The Institute of accountancy profession qualitatively and ultimately of Chartered achieve tranquility, serenity and stability in the finan- Accountants cial systems. The topics of national level or country of India (ICAI) specific are specifically excluded from these categories. (Set up by an Act of Parliament) 5 ICAI International Research Awards 2021
Eligibility Criteria of the Awards
An Individual undertaking research in the mentioned coverage areas.
Participant could be from any country as jurisdiction is international.
The research work should be published.
Category of the Awards
One One One GOLD Shield SILVER Shield BRONZE Shield in each category in each category in each category for the Best for the Second for Commendable Best Research Research Research Paper. Paper. Paper.
The Institute
of Chartered
Accountants
6 of India (ICAI)
(Set up by an Act of Parliament) ICAI International
Research Awards 2021
Take Away for Nominees
Recognition/Endorsement Access to Community
Receiving recognition at IRA provides the opportunity for International forum from such a cooperation and learning from high caliber judging panel each other across various represents a significant industries, segments and endorsement for your research. national borders. It simply inspires us all to become better. Exposure Networking The International Research Awards provides exposure to The awards will provide a emerging areas of research unique networking opportunity with potential for developing to researchers from the globe new projects, alliances with to network with each other. various stakeholders. This will pave the way for collaborative research.
Learning
The Awards present an opportunity to learn about upcoming and ongoing research globally from fellow researchers.
The Institute
of Chartered
Accountants
of India (ICAI) 7
(Set up by an Act of Parliament) ICAI Nomination Process International and General Guidelines Research Awards 2021 1. Only online nomination is allowed.
8 2. Only individuals can submit the Research papers.
3. Research Papers should be in the form of published research work.
4. Research paper should not be self-nominated i.e. the same should be nominated by Nominating Agency.
5. Nominating agency can be in the form of Research Institution/Agency, Educational Institutions, Corporates, Individual.
6. Nomination will be accepted only between invite open date to close date.
7. To nominate the research paper for Award, the Nominating agency is required to submit a nomination letter for each nomination i.e. if nominating agency nominates more than one research paper, then for each paper, a separate nomination letter is required.
8. One Research Paper is to be nominated in one category only.
9. Nomination must contain consent of Author and contact details of Author and Nominating Entity.
10. The awardee may be asked to present their Research Paper for the benefit of larger audience.
11. Decisions of the Panel of Judges (Jury) in all the matters relating to the Competition will be final.
12. Selection of awardees in specified categories are made through software, review by subject matter experts and then by eminent Jury.
The Institute of Chartered Accountants of India (ICAI)
(Set up by an Act of Parliament) ICAI International
Research Awards 2021
Review Process
Whole process will be online without any human intervention (without the need of physical presence at any stage).
Each nomination shall be sent to the technical There will be five panels of technical reviewers (one reviewer (TR) of respective category TR panel, each panel for each broad category) to assist Jury Panel technical reviewer shall award score on a uniform in initial scoring/screening of the nomination score sheet. The weighted score derived from the received. score of all technical reviewers shall be sent to dashboard of each Jury member. Jury panel may decide to review all nominations, or they may select to review top scored few The Institute nominations based on weighted score given by of Chartered technical review panel. The award shall be given Accountants based on weighted score given by jury panel. of India (ICAI) 9 (Set up by an Act of Parliament) ICAI International Research Awards 2021
Timeline and Application Process
Last Date Closure of Portal
31st May. 2021 | 05:00 p.m. (IST)
Call for Published Research Papers Last Date to Receive Papers
Award Ceremony
25th August, 2021
Recognise the best researchers in a ceremony
10 The Institute of Chartered Accountants of India (ICAI)
(Set up by an Act of Parliament) Members ICAI International CA. Nihar Niranjan Jambusaria , President, ICAI CA. (Dr.) Debashis Mitra, Vice President, ICAI Research CA. Aniket Sunil Talati Awards 2021 CA. Anil Satyanarayan Bhandari CA. Anuj Goyal Twenty Fourth CA. Atul Kumar Gupta, CA. Babu Abraham Kallivayalil Council CA. Chandrashekhar Vasant Chitale CA. Charanjot Singh Nanda 2019 - 2022 CA. Dayaniwas Sharma CA. Dheeraj Kumar Khandelwal Members Nominated CA. Durgesh Kabra by Government of India CA. G Sekar CA. Hans Raj Chugh Shri Chandra Wadhwa CA. Jay Chhaira Shri Gyaneshwar Kumar Singh CA. Kemisha Soni (Ms.) Shri Manoj Pandey CA. Manu Agrawal Dr. P. C. Jain CA. M.P. Vijay Kumar Dr. Ravi Gupta CA. Nandkishore Chidamber Hegde Ms. Ritika Bhatia CA. Prafulla Premsukh Chhajed Shri Sunil Kanoria CA. Prakash Sharma Shri Vijay Kumar Jhalani, Advocate CA. Pramod Jain CA. Pramod Kumar Boob 11 CA. Prasanna Kumar D. CA. Rajendra Kumar P. CA. Rajesh Sharma CA. Ranjeet Kumar Agarwal CA. (Dr.) Sanjeev Kumar Singhal CA. Satish Kumar Gupta CA. Shriniwas Yeshwant Joshi CA. Sushil Kumar Goyal CA. Tarun Jamnadas Ghia
The Institute of Chartered Accountants of India (ICAI)
(Set up by an Act of Parliament) ICAI Awardees for International ICAI International Research Research Awards 2020 Awards 2021
INTERNATIONAL
RESEARCH AWARDS
12 The Institute of Chartered Accountants of India (ICAI)
(Set up by an Act of Parliament) ICAI International
Research Awards 2021
The Institute 13 of Chartered Accountants of India (ICAI)
(Set up by an Act of Parliament) ICAI International Research Awards 2021
Jury for ICAI International Research Awards 2020
Dr. In Ki Joo Mr. Alan Johnson Mr. Wan Tin
Immediate Past President, IFAC, President President Jury Chairman, IFAC, Jury Member AFA, Jury Member
Mr. Florin Toma Mr. Vickson Ncube Justice (CA.)
Immediate Past President Immediate Past CEO Anil R. Dave Accountancy Europe PAFA, Jury Member Jury Member, Former Judge, Supreme Court of India Jury Member
Ms. Yelena Rodriguez Trujillo
Executive Director CCPAP, Jury Member
14 The Institute of Chartered Accountants of India (ICAI)
(Set up by an Act of Parliament) ICAI International
Research Awards 2021
List of Awardee Research Papers for ICAI International Research Awards 2020
S.NO. CATEGORY AWARD TITLE OF RESEARCH PAPER COUNTRY 1 Accounting Gold Bahrain Corporate Social Responsibility Disclosure and Firms’ 2 Accounting Silver Performance in Mediterranean Countries: Oman A Stakeholders’ Perspective
Investment Committees and Corporate Cash Holdings
3 Accounting Bronze The Relationship Between Intellectual Capital and Bahrain Employees’ Productivity: Evidence from The Gulf Cooperation Council
4 Accounting Letter of Appreciation Value Relevance of Integrated Reporting: A Study of India Nifty 50 Companies of India
5 Accounting Letter of Appreciation An Impact of IFRS On the Value Relevance of Financial India Statements: A Study of Selected Indian Listed Companies
6 Auditing Gold Audit Firms to Employ A Comprehensive Approach to South Africa Keep Pace with The Evolving Information Technology Control Environment
7 Auditing Silver The T - 3 Structure - Test, Trace and Track of Forensic India Audit
8 Auditing Bronze Cobit 5 Compliance: Best Practices Cognitive South Africa Computing Risk Assessment and Control Checklist
9 Taxation Gold Direct Tax and Laffer Curve India
10 Taxation Silver Transfer Pricing in The Post BEPS World | Intangibles India Perspective
11 Taxation Bronze Limitation of Benefits Clause in Tax Treaties - India India Experience
12 Taxation Letter of Appreciation The Digitalization of Tax Administration in China, India India And Korea (Rep.) In the Fourth Industrial Revolution
13 Finance Bronze Event Study on The Reaction of The Developed and India Emerging Stock Markets to the 2019-nCOV Outbreak
14 Economics Silver What Factors Drive the Adoption of Digital Banking? Oman An Empirical Study from The Perspective of Omani Retail Banking
15 Economics Bronze Combating Public Sector Corruption Through Nigeria E-Procurement.
The Institute 15 of Chartered Accountants of India (ICAI)
(Set up by an Act of Parliament) ICAI International Research Awards 2021
The Institute of Chartered Accountants of India (ICAI)
(Set up by an Act of Parliament) For any further information please write to:
Secretary, Research Committee The Institute of Chartered Accountants of India ICAI Bhawan, Indraprastha Marg, New Delhi - 110 002, India. Tel: 0120-387 6877 | Mobile: +91 9350572094; +91 8299735462
Email: ira@icai.in | Website: ira.icai.org
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