Rahul Roy (accountant)
Encyclopedia
Rahul Roy was an Indian
chartered accountant
.
(ICAI) became the youngest person ever to head the ICAI, the second largest professional institute in the World, at 34 years of age. Earlier Rahul had been the chairman of the ICAI's Eastern Region when he was 31 years old. The highly acclaimed "campus interview" scheme was introduced by Rahul when he chaired the Committee for Members in Industry of the ICAI. On behalf of India, Rahul executed a landmark MoU with the Kingdom of Nepal
to assist in developing the profession of chartered accountancy there. Rahul also conceived and executed bilateral agreements with the Italian, Russian, Kyrgyzstan and Ukrainian professional bodies, for development of the Auditing and Accounting profession. Rahul served a full term on the Ethics committee of the International Federation of Accountants
(IFAC) , New York and actively participated in the evolution of the "risks-threat-safeguards" framework of addressing Auditor Independence.
He served on the Steering Committee (later renamed Advisory Committee) on Extractive Industries,of the International Accounting Standards Committee
(now, International Accounting Standards Board
)., London. He was deputed to represent the IFAC's Ethics Committee at the Confederation of Asia Pacific Accountants(CAPA) conference at Philippines, and the Eastern Central and South African Accountants (ECSAFA) conference at Nairobi as a speaker. He chaired all the three standing committees of ICAI (the examination , executive and disciplinary committees), the last of which is invested with the power of seeking evidence and summonsing, equivalent to a High Court in India.
He served on a number of committees set up by the Reserve Bank of India (India's central bank), the Securities Exchange Board of India (India's securities regulator) and the Government of India. He was a member of the Advisory Board of the Comptroller and Auditor General of India (C&AG, the Supreme Audit Authority in India).
He was a member of the World Bank Team's Mission to the State of Karnataka in the year 2000 (?).
His ancestry included Welsh
, Bengali
and Assamese
lines.
He died on November 19, 2009 in Kolkata and is survived by his wife Soma and daughter Rohini.
His daughter Rohini has authored his biography "Remembering Baba- A daughter's Story" which is being published by Penguin Publishers and is due to hit stores in 2011.
Demographics of India
The demographics of India are inclusive of the second most populous country in the world, with over 1.21 billion people , more than a sixth of the world's population. Already containing 17.5% of the world's population, India is projected to be the world's most populous country by 2025, surpassing...
chartered accountant
Chartered Accountant
Chartered Accountants were the first accountants to form a professional body, initially established in Britain in 1854. The Edinburgh Society of Accountants , the Glasgow Institute of Accountants and Actuaries and the Aberdeen Society of Accountants were each granted a royal charter almost from...
.
Career
In 1998, Rahul Roy, a former president of the Institute of Chartered Accountants of IndiaInstitute of Chartered Accountants of India
The Institute of Chartered Accountants of India is a national professional accounting body of India. It was established on 1 July 1949 as a body corporate under the Chartered Accountants Act, 1949 enacted by the Constituent Assembly of India to regulate the profession of Chartered Accountancy in...
(ICAI) became the youngest person ever to head the ICAI, the second largest professional institute in the World, at 34 years of age. Earlier Rahul had been the chairman of the ICAI's Eastern Region when he was 31 years old. The highly acclaimed "campus interview" scheme was introduced by Rahul when he chaired the Committee for Members in Industry of the ICAI. On behalf of India, Rahul executed a landmark MoU with the Kingdom of Nepal
Nepal
Nepal , officially the Federal Democratic Republic of Nepal, is a landlocked sovereign state located in South Asia. It is located in the Himalayas and bordered to the north by the People's Republic of China, and to the south, east, and west by the Republic of India...
to assist in developing the profession of chartered accountancy there. Rahul also conceived and executed bilateral agreements with the Italian, Russian, Kyrgyzstan and Ukrainian professional bodies, for development of the Auditing and Accounting profession. Rahul served a full term on the Ethics committee of the International Federation of Accountants
International Federation of Accountants
International Federation of Accountants is the global organization for the accountancy profession. IFAC has 164 member and associates in 124 countries and jurisdictions, representing more than 2.5 million accountants employed in public practice, industry and commerce, government, and academe...
(IFAC) , New York and actively participated in the evolution of the "risks-threat-safeguards" framework of addressing Auditor Independence.
He served on the Steering Committee (later renamed Advisory Committee) on Extractive Industries,of the International Accounting Standards Committee
International Accounting Standards Committee
International Accounting Standards Committee was founded in June 1973 in London and replaced by the International Accounting Standards Board on April 1, 2001...
(now, International Accounting Standards Board
International Accounting Standards Board
The International Accounting Standards Board is an independent, privately funded accounting standard-setter based in London, England.The IASB was founded on April 1, 2001 as the successor to the International Accounting Standards Committee...
)., London. He was deputed to represent the IFAC's Ethics Committee at the Confederation of Asia Pacific Accountants(CAPA) conference at Philippines, and the Eastern Central and South African Accountants (ECSAFA) conference at Nairobi as a speaker. He chaired all the three standing committees of ICAI (the examination , executive and disciplinary committees), the last of which is invested with the power of seeking evidence and summonsing, equivalent to a High Court in India.
He served on a number of committees set up by the Reserve Bank of India (India's central bank), the Securities Exchange Board of India (India's securities regulator) and the Government of India. He was a member of the Advisory Board of the Comptroller and Auditor General of India (C&AG, the Supreme Audit Authority in India).
He was a member of the World Bank Team's Mission to the State of Karnataka in the year 2000 (?).
Personal life
Roy has been the general secretary of the Calcutta Debating Society.His ancestry included Welsh
Welsh people
The Welsh people are an ethnic group and nation associated with Wales and the Welsh language.John Davies argues that the origin of the "Welsh nation" can be traced to the late 4th and early 5th centuries, following the Roman departure from Britain, although Brythonic Celtic languages seem to have...
, Bengali
Bengali people
The Bengali people are an ethnic community native to the historic region of Bengal in South Asia. They speak Bengali , which is an Indo-Aryan language of the eastern Indian subcontinent, evolved from the Magadhi Prakrit and Sanskrit languages. In their native language, they are referred to as বাঙালী...
and Assamese
Assamese people
The Assamese people are a well-defined subgroup of People of Assam. Though sometimes they are defined as the Assamese-speaking Indo-Aryans of the Brahmaputra valley,, this definition is not legally binding...
lines.
He died on November 19, 2009 in Kolkata and is survived by his wife Soma and daughter Rohini.
His daughter Rohini has authored his biography "Remembering Baba- A daughter's Story" which is being published by Penguin Publishers and is due to hit stores in 2011.