About the Committee

The Professional Development Committee is one of the most important non-standing Committees of the ICAI. Since its establishment in 1962, Professional Development Committee has been making vigorous efforts towards exploring ample opportunities for the members of the Institute in different sectors of the economy. Apart from exploring unchartered territories in the professional development, the Committee strives to strengthen the communication process with multitude of users across the different sections of the society and educate them about the role of Chartered Accountants. With a view to enhance skill sets of Chartered Accountants in the existing and new areas, it also organizes seminars, workshops on contemporary areas of interest.

PDC Mission

Objectives

• To explore and exploit all available and potential opportunities whereby newer avenues for professional development and growth may be assured for the Institute’s members.
• To educate the users on matters affecting the profession.
• To conduct courses, seminars, workshops on various subjects in so far as these relate to the core mission of the Committee.
• To determine the manner and the form in which guidance should be provided to Chartered Accountants in regard to the possible avenues that are developed for them.
• To establish such linkages, including signing of Memoranda of Understanding with such bodies and agencies as may assist in the achievement of the overall mission.
• To improve the communication process with representative bodies of users of the services of the profession so that equal opportunity is given to all members of the professional with due regard to their professional abilities and attributes.
• To consider ways and means to provide specific assistance in improvement of skills and talents of our members (Basically, this will be in the form of recommendations to other Committees of the Institute).
• To ensure that existing opportunities of professional developments are fully utilised and maintained at equitable and growth-oriented levels.

Terms of Reference (ToR)

• To assist the Council in determining and defining the objectives of the accountancy profession and amending or restructuring such objectives in keeping with the increasing or changing duties and responsibilities of the profession.
• To consider the different ways in which the profession could be of assistance in promoting social or economic goals having regard to the present thinking of the society and its changing expectations.
• To explore all available potential opportunities whereby newer avenues for professional development and growth may be assured for the Institute’s members and endeavour to establish such linkages (MoU, MRA, etc.) with other bodies as may assist in the achievement of the overall mission.
• To ensure that existing opportunities of professional development are fully utilised and maintained at equitable and growth-oriented levels.
• To conduct courses, seminars, workshops, etc. on subjects related to professional development and to consider ways and means to provide specific assistance to members in improving their skills and talents on the basis of feedback received from the regulators/government and recommend the same to related Committees.
• To promote good governance, best practices and prudent financial management in the Co-operatives and NPO sectors/ mutually aided Co- operative Societies [MACS]/ Self-help groups/clusters and federations and to suggest suitable reforms in the statutes and promote uniform accounting framework regarding Co-operatives and NPOs.
• To help the government in monitoring financial discipline in the NPO sector by prescribing transparent guidelines and procedures including documentation and evidence of actual work done and to advise the government on limitations to be imposed on administrative and other expenditures of the NPOs specially those incurred out of government grants.
• To formulate guidelines for state-wise auditors empanelment to interact with the concerned authorities.
• To promote social audit concept in the NPO and Co-operative Sectors and conduct awareness program for the benefit of the stakeholders and to support the initiatives of the State and Central government and corporations in this sector.
• To provide technical and governance inputs through training, workshops, resource materials, publications to the management personnel and members of Governance of Co-operatives and NPO Sectors.
• To develop necessary technical guides and publications for the benefit of Co- operative banks, Co-thrifts and credit societies and other Co-operatives as a national movement, develop a knowledge portal to practicing Chartered Accountants providing information regarding opportunities available.
• To Conduct Certificate Course on Cooperatives, Certificate Course on Not for Profit Organizations and others.
• To deal with such other matters as the Council or the President may consider appropriate.

Secretary to the Committee, Ms. Seema Gerotra