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CA. Subodh Kumar Agrawal, Vice-President, ICAI
2012-2013

A combination of erudition, foresight and professional excellence, CA. Subodh Kumar Agrawal has become the Vice President of the Institute of Chartered Accountants of India (ICAI) for the year 2012-13. A fellow member of the ICAI with 23 years of standing, he was elected as the Vice President by the 21st Council of Institute on February 12, 2012. An altruistic hard-worker bestowed with exceptional organisational, networking, administrative and leadership skills, he has been serving as Central Council member for two terms since 2007. An illustrious and versatile accountancy professional since 1988, he is known for his passion for professional uplift.

Hailing from Kolkata, he has specialisation in the area of Internal and Statutory Audit of Private and Public Sector Entities viz. Banks and Insurance Companies. He has also been providing Consultancy Services in the fields of Accounting & Auditing, particularly matters relating to Indian and International Auditing and Accounting Standards, Corporate Laws, Corporate Governance, Restructuring of Business - Mergers, Amalgamations, Demergers, SEBI and NBFC Matters, etc.

Having passionately represented Indian accountancy profession on the international front, he has been nominated on the 'Committee on Professional Ethics and Independence' of South Asian Federation of Accountants (SAFA). Besides, he has also been an ICAI nominee on various Committees of SAFA, including Committee for Improvement in Transparency, Accountability and Governance, Committee on Professional Accountants in Business and Committee on Quality Control Review. He has also put forward Indian accountancy profession's views in the meetings of International Ethics Standards Board for Accountants of IFAC at New York and its International Standards Setters meeting at Toronto.

An outstanding facilitator of ICAI and accountancy profession as a leading partner in nation building, he has been nominated on the 'Working Group' constituted by the Competition Commission of India and on 'Committee of Experts' constituted by the Ministry of Corporate Affairs to prepare a fresh Inspection Manual. He also represents ICAI in the 'Standing Committee on Accounting Issues' constituted by Insurance Regulatory and Development Authority and in the 'Committee to review SIDBI's lending to MSME Sector.' Presently, he is also a member of the 'Task Force of Department of Public Enterprises (DPE)' to provide professional and technical support to the DPE in the process of finalisation of MOU documents. Earlier also, in 2008, he was appointed as Task force Member by Department of Public Enterprises for MoU in Mining and Metal Sector and in the year 2009, he was appointed as Task Force Member by Department of Public Enterprises for Petroleum - II. He has also commendably performed as member of Banking and Financial Services Sectional Committee - MSD 7 constituted by Bureau of Indian Standards, Regional Advisory Committee of Central Excise Commissionerate, Technical Group on Institution & Market Structure of the Committee on Financial Sector Assessment constituted by RBI, and member of SEBI Primary Market Advisory Committee. He is also an Independent Director in 'M/s Gujarat NRE Coke Ltd'. and 'Accounting and Research Foundation' (ARF) of the ICAI.

A seasoned professional with a futuristic vision, CA. Subodh Kumar Agrawal, in his illustrious inning in Council, has served the profession holding important positions in both Standing and Non Standing committees of the ICAI. As the Vice President of the ICAI, he is Vice-chariman of all the Standing Committees and also the Member ex-officio in all Non-standing Committees of ICAI and Joint Editor of The Chartered Accountant journal. He has made noteworthy contributions in whatever capacities he served the profession, particularly as Chairman 'Committee for Members in Industry (2010-11), Audit Committee (2008-09), Public Finance Committee (2008 and 2009) and as a member of Executive committee of ICAI (2007). He has also distinctly served as Convenor the group for Satyam Report - High Powered Committee (2010-12).

During his years in ICAI Council, he has also remarkably contributed as Chairmen of Committee for Member in Industry and Ethical Standard Board and member in various Non-Standing Committees such as Accounting Standards Board, Auditing and Assurance Standards Board, Direct Taxes, Indirect Taxes, International Taxation, etc.

Before his election to the Central Council of the ICAI, CA. Agrawal has also made wide contributions in Eastern India Regional Council as he became the Secretary of the EIRC of ICAI in 2004, Vice Chairman in 2005 and then its Chairman in 2006. It was under his dynamic chairmanship that Eastern India Regional Council was honoured with 'Best Regional Council award' in the year 2006.

Known for his hard work and selfless service to the accountancy profession, CA. Subodh Kumar Agrawal is also a prolific speaker and has addressed various seminars, symposia and conferences at national, regional councils, branches and ICAI Study Circles level across the country on various issues of professional interest. He has also addressed other organisations of national and international repute on topics like Bank Audit, Corporate Governance, Micro Finance, NGO, Derivatives, Right to Information Act, CAAT, CARO, Accounting Standards, Auditing Standards and LLP, etc.

Having been a brilliant student, CA. Subodh Kumar Agrawal secured 10th rank in Final examination of Chartered Accountancy in the year 1988. He did B.Com (Hons) from Kanpur University.

His other areas of interest include sports and reading management and professional books.

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