The Institute of Chartered Accountants of India (ICAI) has chosen Prasanna Kumar D as its 74th president for the 2026–27 council year.

Mangesh Pandurang Kinare has been elected as vice-president for the same term.

Prasanna Kumar, a chartered accountant since 1984 and a fellow member of the institute, has been part of the ICAI’s Central Council across multiple terms, serving on the 24th and 25th Councils and continuing into the 26th Council.

Before joining the Central Council, Kumar was associated with the Southern India Regional Council between 2007 and 2016 and led it as chairman in 2013–14.

Earlier, he headed the Visakhapatnam Branch of ICAI in 2001–02.

In his new role, Prasanna Kumar will chair the ICAI’s standing committees including those dealing with executive matters, finance, discipline and examinations, and will act as editor-in-chief of the Chartered Accountant journal.

He will also lead the ICAI’s research and development units and welfare funds, and represent the institute on the boards of affiliated bodies.

Kinare will assume the position of vice-president for the 2026–27 term.

The ICAI conducts annual leadership elections.

Earlier this month, it signed a memorandum of understanding (MoU) with IIM Kashipur to launch skill-building programmes for chartered accountants.

The MoU sets a framework for joint cooperation covering the design and delivery of customised training programmes. The scope of the collaboration also includes refresher courses, seminars and workshops.

Under the agreement, IIM Kashipur will design and run collaborative courses specifically for chartered accountants, in consultation with the ICAI.

Last month, the ICAI held the Global Education Summit in Commerce and Accountancy 2026 in New Delhi to examine how commerce and accountancy education can be reshaped for future leadership roles.