About India Accounting Association (IAA)
The Indian Accounting Association is an interface between academicians, professionals, and practitioners from various universities, businesses, industries, and government sectors. The main function of IAA is to promote and disseminate knowledge of accounting and related subjects in India and abroad. Further, it aims to undertake and encourage research in the field of accounting. Ever since its inception, the IAA has served as an important forum for raising the status of accounting both as a discipline and as a crucial tool for managerial decision-making.
The Association was founded by academicians and professionals in accounting on March 15, 1969, and was inaugurated on February 14, 1970, by the Accountant General of Uttar Pradesh at Banaras Hindu University, Varanasi. The Association is registered under the Uttar Pradesh Society Registration Act No. 21, 1860 (No. 1429 / 1968–69), with Registration No. 5058/1/1983, dated 17/03/1969, at Lucknow. It is a member organization of the International Association of Accounting Education and Research (IAAER) and is also held in high esteem by the American Accounting Association (AAA). At present, IAA has a network of 61 branches in India with more than 8,900 life members and a Research Foundation as an affiliate at Kolkata. It also publishes a biannual research journal, Indian Journal of Accounting, in June and December to provide wider publicity to research findings. The Association also confers the IAA Young Research Award and IAA Fellowship.
The Association has undertaken several initiatives to support researchers, academicians, and students, including Accathon, START Forum, QUIZ, and the Research Helpline. The Association offers Life Membership and Annual Membership for individuals and institutions through its chapters across India. Past conferences have attracted a large number of delegates from across the country and abroad.
With the recent traumatic experience of accounting mismanagement and its catastrophic outcomes, it is expected that the information on business activities, especially of corporate entities, should not be presented in a distorted manner. To eliminate distortion and maintain uniformity in the preparation of corporate reports, the role of accounting standards is significant. The employment and use of accounting standards are not confined to the Indian context alone; the liberalization process has compelled corporates to think about synchronization and non-synchronization between Indian accounting standards and those of other countries where they conduct business. Hence, from the viewpoint of different stakeholders, deliberation on corporate reporting and accounting standards in the global scenario is the need of the hour.
Being a branch of social science, accounting has been evolving with economic, social, political, and cultural developments over the last few centuries. At the same time, advancements in transport and information technology have drastically reduced geographical distances, extending the role of accounting from national to global levels. Consequently, to keep pace with this changing environment, ceaseless work in the field of accounting is inevitable.
In the international seminar on Accounting Education and Research, the main focus will be on recent academic developments in this area in the global context. Out of several factors, three significant areas having vital influence over accounting and its processes have been chosen by the Association for this conference:
- Corporate Reporting and Accounting Standards
- Domestic and International Capital Markets
- Taxation: Domestic and Global Issues
Industrial growth and economic development highly depend on the capital market, which plays a vital role for corporate entities. The creation of long-term funds is not confined to the domestic level but can also be raised from international markets. Academic deliberations on the evaluation of the capital market from the viewpoint of different stakeholders at regular intervals are needed to produce concrete outcomes for better functioning of capital markets at both primary and secondary levels. Therefore, the discussion on Capital Markets: Trends in India and Abroad is highly relevant in the present time.
The history of taxation is as old as government itself. The welfare of society depends on effective and efficient tax management. The scope of business is no longer confined to local, state, or national levels—it has expanded internationally, especially in India due to the liberalization of economic policies. At the same time, various direct and indirect taxes have been imposed, removed, or modified by the government from time to time as per domestic needs and global changes. Globally expanded business operations also involve companies in the tax regimes of other countries where they operate. Hence, the complex interplay of domestic and international taxation provisions makes corporate tax management more challenging. Identifying various problems and anomalies in taxation and exploring remedies will be key outcomes of this conference.