Monday, February 18, 2013

Vice-President, ICAI 2013-2014


 CA. K. Raghu, Vice-President, ICAI  2013-2014 
 A man of efficiency, discipline and information technology, having firm belief in inclusive as well as exclusive growth of the profession of accountancy, CA. K Raghu is the new Vice President of The Institute of Chartered Accountants of India for the term 2013-14. He was elected as the Vice President by the 22nd Council of the ICAI on 12th February 2013.

With a fellowship of the Institute and with more than two decades professional standing and of constant and dedicated service to the cause of accountancy profession, he has always dazzled his fellow members with his deep and visionary understanding of Information Technology, and brilliant and uninterrupted service to the profession that he has been serving since 1990 with an inextinguishable enthusiasm. He specialises in Taxation,Business and Technology Consulting.

A resident of Bangalore, CA. K Raghu started his journey in the Central Council of the ICAI with his election to this supreme body of accountancy profession in 2007 to which he was again re-elected in 2010 and then again for a third term in 2012. Demonstrating the trust bestowed in him by the members, he has every time been elected to Central Council with highly impressive victory margins. An illustrious and versatile professional, CA. K Raghu, is only the sixth person from Karnataka to occupy this coveted post.

A commerce graduate from the University of Bangalore and a student of St. Joseph’s College of Commerce, he qualified as a Chartered Accountant in 1990 and is practising in Bangalore since then.

Before his election to the Central Council, CA. K Raghu had recorded his magnetic presence in the Southern India Regional Council of the Institute as its Chairman during 2003-04. He has served as the Vice Chairman and Secretary of the SIRC in its Golden Jubilee Year during which the SIRC was adjudged as the ‘Best Regional Council’ of the Institute. During 1996-97, he was the Chairman of the Bangalore Branch of SIRC of ICAI during which the Branch was adjudged the Most Active Branch of the Region. He also served as the Secretary and Vice-Chairman of the Branch and was the Chairman of the Southern India Chartered Accountants Students Association during 1991-92.

CA. Raghu has shown his professional skills and acumen in all tasks and responsibilities assigned to him both at national as well as international level. Presently, as the Vice President of the ICAI, he is the Vice-Chairman of all the Standing Committees of the ICAI and also the Member ex-officio in all Non-Standing Committees of the the ICAI and Joint Editor of The Chartered Accountant journal.

In the Central Council of the Institute, he has been actively involved with the functioning of the Central Council of the Institute in various capacities, viz. as Chairman, Vice-Chairman and member of its various Committees. He served as the Chairman of the Information Technology Committee of ICAI during 2007-08 and spearheaded the web-casting and e-learning initiatives of ICAI. He also served as the Chairman of the Peer Review Board of ICAI during 2007-08 and was the Chairman of Continuing Professional Education Committee of ICAI during 2006-07. He also served as a member of the Executive Committee of ICAI for the year 2007-08 and Disciplinary Committee during the year 2010-11. During 2011-12 CA. K.Raghu was the Chairman for Committee for Members in Industry and Vice Chairman of the Peer Review Board. In the Council Year 2012-13, CA. Raghu was Chairman of the Ethical Standards Board and the Vice Chairman of Financial Reporting Review Board. He has also served as a member of the Accounting Standards Board, Auditing and Assurance Standards Board, Corporate Governance Committee, Professional Development Committee, Public Finance Committee, Management Accounting Committee, Editorial Board and the Financial Review Reporting Board of ICAI, Financial Markets and Investor Protection Committee, International Trade Laws and WTO Committee, Committee for Members in Industry and Editorial Board of ICAI.

Known for his technology driven initiatives for ICAI as partner in nation building, CA. K. Raghu has earlier been elected to the Membership Development Committee of XBRL International and also appointed as Director of XBRL India (Section 25 Company) as a nominee of ICAI to promote the use of XBRL (Extensible Business Reporting Language) in India. XBRL India is a member of XBRL International, a consortium of 650 organisations worldwide. He has also been nominated as ICAI representative on the MCA 21 Stakeholders Committee constituted by Ministry of Corporate Affairs for ensuring continuous improvement in service delivery under MCA 21.

Also known for his efforts to promote brand ‘Indian CA’ globally, CA. K.Raghu was nominated as the Mentor for the New York Chapter of the Institute of Chartered Accountants of India for the year 2008-09 and assisted the Chapter in adding new members to the Chapter.

As an avid academic and an orator of excellence, CA. Raghu has attended and contributed to numerous national and international seminars and conferences on the issues of professional interest. He recently visited Japan as a representative of the Institute in the ISO Conference conducted at Kyoto and also the Japanese Institute of Certified Public Accountants in Tokyo. He has presented papers on various subjects of professional interest in the all India, Regional and State Conferences and Seminars of the Institute of Chartered Accountants of India, commendably demonstrating his passion for the profession and its core concerns.

During 1997-98, he was the Chairman of the Economic Affairs Committee of the Federation of Karnataka Chambers of Commerce and Industry, Bangalore. He is a life member of the Bombay Chartered Accountants Society, Karnataka State Chartered Accountants Association, Bangalore Management Association, Youth Hostels Association of India. He has recently been nominated as a member of the Audit Committee of the Karnataka State Cricket Association and RBI Regional Monitoring Committee of NBFC’s for Karnataka State.

Having a penchant and inclination for social service, CA. K Raghu is also an active Rotarian and was the Past President of Rotary Club of Bangalore Peenya during 2002-03. He was awarded the “Best President Award” by RI District 3190 for conducting the 6 th Mega Jaipur Foot Camp where more than 2350 patients were provided with artificial foot, calipers, crutches and wheel chairs free of cost.

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