The Institute of Chartered Accountants of India Pitches Strongly for Hosting the 19th World Congress of Accountants in 2014

International Federation of Accountants Deeply Impressed with the Facilities Available at Hyderabad

The Institute of Chartered Accountants of India (ICAI) here today organized a Press Conference at ICAI Bhawan. It was addressed by Mr Robert Bunting, President, International Federation of Accountants (IFAC),Mr Ian Ball, Chief Executive Officer, IFAC and Mr Matthew Bohun, Technical Manager, Governance and Operations.

Addressing the media Mr. Amarjit Chopra, President, ICAI, briefed that ICAI has bid for hosting the 19th World Congress of Accountants (WCOA), also called the Olympics of the Worlds Accountants, in the year 2014 in Hyderabad, India. He stated that the prime objective of the visit of IFAC delegation was to assess the proposal of ICAI for hosting WCOA.

He stated that IFAC delegation was deeply impressed with the facilities available at Hyderabad and had also met senior functionaries of the Govt. of Andhra Pradesh in this regard. Mr. Chopra was hopeful that ICAI would get a chance to host WCOA in 2014 which would be decided by IFAC after evaluation of proposals received from other member bodies.

The World Congress is organized every 4 years to deliberate on contemporary issues in the world of accountancy and witnesses participation of approximately 5000 national and international delegates. It is organized under the aegis of the International Federation of Accountants (IFAC), the global organization for the accountancy profession representing 2.5 million accountants across 163 member organizations spread over 124 countries.

Answering to the media queries Mr Robert Bunting explained about the role of IFAC in the development of the accountancy profession worldwide and said that IFAC is committed to protect the public interest by developing high-quality international standards, promoting strong ethical values, encouraging quality practices, and supporting the development of all sectors of the profession around the world.