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 and development of the profession.
• To determine the manner and the form in which guidance should be provided to members in regard to professional matters other than those specifically falling within the functions of any other Committee.
• 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 assist the Council in educating public on matters affecting the profession.
• To explore and develop new professional avenues for members in profession in India and abroad.
• To associate with the regulatory or other representative bodies of users of services of the profession in preparation of panels of CAs, suggesting and/or developing mechanism for fair allotment of professional assignment and other related matters.
• To formulate guidelines for auditors’ empanelment and to interact with the concerned authorities.
• To act as an integrated hub for research, dialogue, inputs in policy formulation in the context of financial services.
• To provide inputs to Government and other constituents and handhold their initiatives for reforms in the Committee’s domain through members and students of the Institute.
• To identify core issues which have a bearing on the financial services and in context of the value-added services being provided by the chartered accountancy profession to the stakeholders.
• Capacity Building of members by providing specific competency development modules such as imparting Post Qualification Courses like DIRM/Certificate Course, etc. on the contemporary areas in the domain of the Committee and training programmes for Independent Directors, CA Directors jointly with various professional bodies/regulators among others.
• To bring out publications, booklets and other useful materials on the emerging and allied areas for the overall development of the profession.
• To organize training courses, seminars, programmes, workshops (residential/non-residential) within India or outside for members and others on the areas related to Banking, Financial services and Insurance on standalone basis and/or in association /jointly with various Ministries, Regulators, Branches, Regional Council and other bodies/associations within the domain of the Committee and other areas which may seem beneficial to members.
• To deal with such other matters as the Council or the President may consider appropriate.

Secretary to the Committee, CA Mukta Kathuria Verma