CA. Prasanna Kumar D
President, ICAI
CA. Mangesh Pandurang Kinare
Vice – President, ICAI
CA. Hans Raj Chugh
Chairman, PGFMC
CA. Arpit Kabra
Vice-Chairman, PGFMC

ICAI through Public and Government Financial Management Committee (PGFMC) entered into a Memorandum of Understanding (MoU) with Andhra Pradesh Police Department (Training Wing) on 2nd April 2026 to strengthen their knowledge and practical understanding of economic offences, financial frauds and related investigation techniques.
CA. Hans Raj Chugh, Chairman, Public and Government Financial Management Committee (PGFMC), ICAI in a meeting with Dr. Debolina Kundu, Director-NIUA on 7th April 2026 to discuss matters of mutual professional interest.
CA. Hans Raj Chugh, Chairman and CA. Arpit Kabra, Vice-Chairman, Public and Government Financial Management Committee (PGFMC) along with Ms. Deepna Gokulram, Principal Director (Commercial I), O/o Comptroller & Auditor General of India virtually addressed the inaugural session of the 5th Advanced Level Batch of CAG officers on 6th April 2026 which commenced at ICAI Centre of Excellence (CoE) Jaipur.
CA. Hans Raj Chugh, Chairman, PGFMC interacted with the participants of the 3rd Entry Level Batch at ICAI Centre of Excellence (CoE), Hyderabad on 3rd April 2026.

ICAI Awards for Promotion of Accounting Reforms in Local Bodies 2025-26 (Last date of submission of entries: 30^th November, 2025)

Awardees for ‘ICAI Awards for Promotion of Accounting Reforms in Local Bodies 2024-25

ICAI Awards for Best Presented Financial Statements for Local Bodies (Last date to submit entry: 30^th November 2024 (5 PM))

Apply Here : – https://tinyurl.com/mr3ydhcm

Local Governance Synergy Conclave on “सशक्त भारत : An Initiative to strengthen Local-self Government Accounting” on 1st & 2nd October 2024 at Hotel Le Meridien.

Back Ground Material (BGM)

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Overview

The Institute of Chartered Accountants of India (ICAI), established by an Act of Parliament in 1949 has proven its mark as an elite world class institution devoted to uphold the values of transparency, accountability and integrity.

The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India.

Certificate Course

The Certificate Course on Public Finance and Government Accounting intends to equip the participants with understanding of the economic policies of the Government, Budgets, Fiscal tools, Government Grants, Public Funds, Rules, Regulations and Accounting Systems pertaining to Government departments/ Institutions of Centre, State and local bodies through case studies, lectures and peer discussions.

Knowledge Sharing

Publications

The Committee from time to time issues publications on various technical subjects for the benefits of various stakeholders. Till date, the Committee has issued several publications i.e., Compendium of ASLBs (Vol. I & II), ASLBs – At a Glance, Guidance Note on ‘Accounting for Investments’ for Local Bodies, Role of Professional Accountants in PFM, Status Paper on Accounting Reforms in LBs in India..

Representations

The Public & Government Financial Management Committee(PGFMC) strives to assist Government Sector in successful implementation of the accounting reforms and public financial management.

For this purpose, the Committee from time to time submits various representations to Government for…,

Accounting Standards for Local Bodies (ASLBs)

ICAI through the Public and Government Financial Management Committee (PGFMC) is formulating Accounting Standards for Local Bodies (ASLBs).

ASLBs set out recognition, measurement, presentation and disclosure requirements dealing with specific transactions and events in general purpose financial statements of LBs.

Testimonials

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Rajendra Kumar

“ @icai. I must thank Mr. Shabi Sharma for his relentless support to help me achieve this. I also help all those people who worked behind the curtain to provide the technical support. Also I must mention the public finance committee of the ICAI for launching this course who worked really hard to make this happen Also thanking the eminent faculties for sharing their rich knowledge.”
T

TK Lamba

“ Thanks to faculty for the learning I feel proud to learn about the Govt Accounting and Finance Management.”
V

CA Varun Sharma

“ Thanks @Shabi Sharma for providing every assistance and guidance. You are such a wonderful person who is helping and giving quick response without any problem.”
D

CA Durgesh Purohit

“ Thanks @Shabi Sharma
You were very helpful and responsive in entire duration of this course. I really appreciate it.”
R

CA Rajkumar

“ It is really very nice course, in fact it should be part of our syllabus, sine many years we are watching the budget but beyond the tax proposal never given thought, this course has given different angle to see it. Thanks ICAI”
A

Anup Vittal

“Thanks to Shabi Sharma Sir for coordinating the course and all the help navigating online.
Thanks to all the faculty for their lectures, guidance and sharing of their immense knowledge.”
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CA. Sonu Kumar Jaiswal

“Thanks to the entire team of ICAI for helping us improving our knowledge in this field..
Enjoyed and learnt a lot from this course.
Thanks to all our batch mates also, any sort of professional assistance or engagement is always welcome..”
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Gangaram, CVN

“Thanks to all for very nice cooperation and special thanks to Shabi sir for his excellent coordination from the day 1 of class and very helpful nature for replying the questions to all of us. Once again thank u very much, sir”
M

N. Nagarajan

Dear Sir/Madam
We extend our heartfelt gratitude to the Institute of Chartered Accountants of India DCA) for organizing and conducting the training program at Metropolitan Transport Corporation Chennai Ltd.
The sessions were highly informative and engaging providing valuable insights that will certainly enhance our professional knowledge and efficiency. We deeply appreciate the efforts taken by the esteemed faculty members and coordinators of ICAI in delivering a well-Structured and impactful
program tailored to our organizational needs
We look forward to continued collaboration with ICAl for more such enriching opportunities in the future.
With sincere thanks
N. Nagarajan Accounts Officer
Metropolitan Transport Corporation (Chennai) Ltd