The South Asian Federation of Accountants (SAFA) has appointed Subodh Kumar Agrawal president for the year 2014, effective 1 January.

Agrawal, who is also the president of the Institute of Chartered Accountants of India (ICAI), served as SAFA vice-president for the year 2013.

He is a member the Small and Medium Practices Committee of the International Federation of Accountants (IFAC), as well as technical advisor for ICAI’s representative at the International Accounting Education Standards Board.

SAFA also appointed Arjuna Herath as vice-president, who is currently the president of the Institute of Chartered Accountants of Sri Lanka, for the same period.

ICAI is one of the founder members of SAFA, which is formed by ten accounting institutes from Bangladesh, Nepal, Pakistan, Sri Lanka, Maldives and India, where SAFA is headquartered.

SAFA is one of the six accountancy groupings acknowledged by IFAC, a status granted to groupings that support the objectives and pronouncements of IFAC as well as the advancement of the accountancy profession within their constituencies.

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