Muscat Chapter ICAI bags Best Overseas Chapter Award for 2018

MUSCAT: The Muscat Chapter of the Institute of the Chartered Accountants of India (ICAI) recently won the Best Overseas Chapter Award in category II for 2018.

The Muscat Chapter ICAI has won the Best Overseas Chapter Award for the first time in a row, out of 34 overseas chapters, according to a press release.

ICAI is the world’s secondlargest professional accounting body that has been set up by the legislation of Indian Parliament. The Muscat Chapter has been established by specific approval of the Indian Council of Ministers under an MoU signed between the College of Banking and Financial Studies (CBFS).

CA Bhavani Prasad, Chairman, CA Shah Nawaz Khan, Vice Chairman and CA Ramananda Prabhu, Treasurer, Muscat Chapter ICAI attended the 69th annual golden jubilee function of the ICAI held at Ashoka Hotel, New Delhi to receive the award.

“We are delighted to have got this recognition. The Muscat Chapter ICAI was chosen for this honour on the basis of the quality of professional events and its contribution to knowledge sharing initiatives. We dedicate this award to our Chapter members,” said Bhavani Prasad.

Prasad said, “Our aim is to work together to develop a mutually beneficial relationship in the best interests of members, Omani finance and accounting professional’s, students and the institutes.”

Shah Nawaz added, “We are thankful to CBFS for hosting the Muscat Chapter of ICAI, which enables us to make our contribution to the evolution and further development of the accounting, finance and auditing profession in Sultanate of Oman.”

“We expected to make a positive impact for the budding Omani Accountants, other accountants currently working in Oman and other markets and for those Omani finance and accounting professionals who intend to pursue their professional accountancy qualification globally. As such, enhanced employment opportunities are readily available for professionally qualified Omani nationals in the Sultanate of Oman,” said Ramananda Prabhu.

Dr Nasser Al-Mawali, Dean, College of Banking and Financial Studies said, “It is my pleasure on behalf of College of Banking and Financial Studies to sincerely congratulate “The Muscat Chapter ICAI” for winning the Best Chapter Award. This is an outstanding achievement and a great source of pride to all of us at CBFS. I would like to take this opportunity to thank and appreciate the hard work, commitment and dedication of all members of Muscat Chapter ICAI. CBFS strong relation with the ICAI will be further enhanced to keep satisfying the needs of all our stakeholders & society at large.”

Manu Muhavar, Indian Ambassador to Oman said, “It is my pleasure on behalf of Indian Embassy Oman to sincerely congratulate “The Muscat Chapter ICAI” and CBFS being the sponsors for winning the Best Chapter Award. This is an outstanding achievement and great source of pride to all Indians at Sultanate of Oman. I would like to take this opportunity to thank and appreciate the hard work, commitment and dedication of all members of Muscat Chapter ICAI. I also thank Dean and all his team at CBFS for their support to Muscat chapter of ICAI in achieving this great milestone and look forward their continued support for the chapter.”

The Muscat Chapter of ICAI is also organising its 10th Annual International Conference under the theme “Future of Accounting Profession – Challenges and Opportunities”, during the end of April/may 2019, keeping in view about the digital revolution, corporate governance, IFRS and transparency.