London: Krishna Prasad Dahal, a senior chartered accountant based in London, has been elected as a council member of the Institute of Chartered Accountants in England and Wales (ICAEW) for the period of four years, effective from 2025.
He will be among the 125 global Council members and the first Nepalese citizen to serve on this esteemed body.
In this role, he will be representing the Audit and Assurance Faculty, continuing his commitment to excellence in this prime area of the accounting profession.
The Institute of Chartered Accountants in England and Wales (ICAEW) is an apex professional accounting body that inherits the world’s richest technical resources in accounting and finance. ICAEW promotes, develops, and supports chartered accountants and students around the world. As of December 2023, it has over 208,000 members and students in 146 countries. ICAEW was established by a British royal charter in 1880.
The Institute is also a founding member of Chartered Accountants Worldwide (CAW), an international network of accountancy bodies that represents over 1.8 million members and students in more than 190 countries.
Dahal’s election to the ICAEW has come at a time when the globalization of business operations, growing environmental, social, and governance (ESG) expectations, and the increasing complexity of data are reshaping the landscape of audit. Moreover, transformative technologies such as blockchain and artificial intelligence (AI) are revolutionizing audit methodologies, making traditional approaches less sufficient.
“In this rapidly changing environment, I am passionate about contributing to the transformation of our profession. By addressing key imperatives such as enhancing audit quality, leveraging data analytics, and adopting innovative methodologies, I believe we can better align with emerging trends while maintaining the core principles of our work,” said Dahal.
“I am committed to fostering regular dialogue with audit leaders and stakeholders to ensure our strategies and programs reflect both current realities and future challenges. My goal is to drive initiatives that explore new technologies, refine audit approaches, and align practices with the evolving expectations of businesses and regulators,” said Dahal, adding, “I aim to create forward-looking solutions that not only address emerging trends but also empower auditors to thrive in an increasingly complex environment.”
Dahal has served as Chairman of the UK Chapter of The Institute of Chartered Accountants of India and Chair of the ACCA Harrow Network Panel. He is Managing partner of Focus Somar Audit & Tax Accountants UK as well as Ballards Newman, Chartered Accountants.
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