The Institute of Chartered Accountants of India (ICAI) has received approval from its Central Council to establish the ICAI International alternative dispute resolution (ADR) Centre across India through its branch network, reports Businessline. 

This new initiative is set to provide businesses, professionals, and organisations with a cost-effective platform for resolving commercial disputes. 

ICAI president Ranjeet Kumar Agarwal told the publication: “With a growing need for out-of-court settlements and the government’s emphasis on ADR mechanisms, the ICAI ADR Centre will serve as a neutral and professional platform for dispute resolution. 

“It is expected to contribute significantly to reducing litigation burdens and fostering a culture of reconciliation.” 

The institute has formed a Section 8 company, which is a non-profit entity, to serve this purpose. 

By introducing structured mediation and arbitration services, the ICAI plans to bolster the credibility and accessibility of ADR methods in both domestic and international business contexts. 

According to Agarwal, equipping members with new avenues in dispute resolution reinforces their role in the global economic landscape.  

The ADR Centre is part of the ICAI’s commitment to expanding the professional scope for its chartered accountants. 

ICAI vice-president Charanjit Singh Nanda said: “The Centre will play a pivotal role in ensuring faster, cost-effective, and reliable dispute resolution, thereby reinforcing trust in India’s business environment.” 

In January 2025, under the Auditing and Assurance Standards Board, ICAI published the third volume of guidance based on non-compliances identified by the Quality Review Board during audits.  

This publication is designed to improve audit quality by addressing common issues found in 151 case reviews.