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OBJECTIVES
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1. The main objective of ICAI Accounting
Research Foundation is to establish
itself as an “academy”
of international standard
for the purpose of imparting, disseminating,
spreading and promoting knowledge
learning, education and understanding
in the fields of accounting, auditing,
fiscal laws and policy, corporate
and economic laws and policies,
economics, financial management,
financial services, capital and
money markets, management information
and control systems, management
consultancy services and allied
disciplines. It would be similar
to Institutions like National Council
for Applied Economic Research (NCAER),
Tata Institute of Fundamental Research
(TIFR) and similar premier institutions
of research. The Foundation
would focus on fundamental and applied
research in the fields mentioned
above. All the activities of
the Foundation would be reinforcing
and research shall be the nucleus
of all the activities. For this
purpose, the ICAI ARF shall:
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i)
Undertake, promote and provide facilities
for prosecuting core, fundamental, empirical, applied and other kinds
of research work and projects and
studies. It may also consider networking
and collaboration with the organisations
of national and international repute,
persons of eminence in the relevant
field.
ii) Organise and sponsor training
programmes, study courses, lectures,
meetings, workshops, seminars, conferences
and symposia either on its own or
jointly or at the instance of other
persons and entities.
iii) Prepare and publish, either on
its own or through or in collaboration
with other persons and entities, papers,
periodicals, magazines, books, journals.
iv) Create and maintain a world-class
store house of knowledge and information
with a state of art electronic database
and exchange facilities.
v) Support the technical activities
of the Institute of Chartered Accountants
of India by carrying out field studies
and researches similar to those being
carried out by Financial Accounting
Standards Board (FASB) in the United
States of America and the Accounting
Standards Board (ASB) in the United
Kingdom.
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2.
The Foundation will provide education,
organise training programmes, courses
and classes for academic vocational
and competitive examinations.
3. The Foundation will award, institute,
and grant scholarships, and other
forms of financial assistance for facilitating
research work.
4. The Foundation will also undertake
research projects in specialised areas
sponsored by national and international
bodies. It may also carry on researches
in areas that have multi-disciplinary
dimensions in collaboration with
other research bodies and educational
institutions.
5. The Foundation will also support
the international and regional level
accountancy and auditing bodies like Confederation
of Asian & Pacific Accountants
(CAPA), International Federation of
Accountants (IFAC), International Accounting
Standards Committee (IASC), South
Asian Federation of Accountants (SAFA),etc.,
in their technical activities. |
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