New President of ICAI - Suresh Chandra Mohanty

Suresh Chandra Mohanty has been elected as the new President of the Institute of Cost Accountants of India (ICAI) for the year 2013-2014. The Institute of Cost Accountants of India announced that Suresh Chandra Mohanty was elected as the new president of the body.

Mohanty, who was elected as President at a council meeting at Kolkata.

Mohanty, will replace Rakesh Singh. A S Durga Prasad would be the new vice-president of ICAI.

Mohanty is a Graduate in Economics and holding a degree in Law. He is also a Fellow Member of the Institute of Cost Accountants of India (ICAI) and Institute of Valuers (FIV) of India.

He also served as Chairman of the Eastern India Regional Council and he has a huge experience in issues associated with standards setting.

About ICAI

 

The Institute of Cost Accountants of India (ICAI) is a premier professional accountancy body established on 28 May 1959 to regulate the profession of Cost & Management Accountancy in India. It is the only licensing cum regulating body of the Cost Audit and Cost & Management Accountancy profession in India. It recommends the Cost Accounting Standards to be followed by companies in India to witch statutory maintenance of cost records applicable.

ICAI is solely responsible for setting the auditing and assurance standards for statutory Cost Audit to be followed in the Audit of Cost statements in India.

ICAI is also the member of the International Federation of Accountants (IFAC), The Confederation of Asian and Pacific Accountants (CAPA) and The South Asian Federation of Accountants (SAFA).