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, tender
guidelines etc 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 monitor the tenders floated by the
organizations prescribing minimum fees
and giving fair opportunity to all members.
To collect and disseminate details of tenders
for professional services, amongst
the practicing members.
To conduct out-reach programs for authorities
related to tenders.
To take up with Government and other relevant
authorities issues relating to
determining the manner of evaluation of tenders
for professional services giving
due weightage to quality i.e. Quality & Cost
Based Selection (QCBS) method
and including audit services in Fixed Budget –
based Selection (FBS) method
To guide members and resolve their queries and
grievances.
To update the format to capture and seek cost
sheet/ details from the Firms/
Members applying for Professional Tender
Services for the internal analysis for
maintenance of quality and adherence of
prescribed guidelines – both at prebidding and
post-bidding stage.
To develop a mechanism for monitoring and
analyzing the responses of the
members on tenders and may refer the deviations
at appropriate level.
To lay down a mechanism for erring firms for
further suitable/ necessary
action.
To deal with such other matters as the Council
or the President may consider
appropriate.
Secretary to the Committee, CA Mukta Kathuria Verma
