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1. The main objective of ICAI Accounting Research Foundation is to establish itself as an “academy” of  international standard for the purpose of imparting, disseminating, spreading and promoting knowledge learning, education and understanding in the fields of accounting, auditing, fiscal laws and policy, corporate and economic laws and policies, economics, financial management, financial services, capital and money markets, management information and control systems, management consultancy services and allied disciplines. It would be similar to Institutions like National Council for Applied Economic Research (NCAER), Tata Institute of Fundamental Research (TIFR) and similar premier institutions of research. The Foundation would focus on fundamental and applied research in the fields mentioned above. All the activities of the Foundation would be reinforcing and research shall be the nucleus of all the activities. For this purpose, the ICAI ARF shall:

i) Undertake, promote and provide facilities for pursuing core, fundamental, empirical, applied and other kinds of research work and projects and studies. It may also consider networking and collaboration with the organisations of national and international repute, persons of eminence in the relevant field.

ii) Organise and sponsor training programmes, study courses, lectures, meetings, workshops, seminars, conferences and symposia either on its own or jointly or at the instance of other persons and entities.

iii) Prepare and publish, either on its own or through or in collaboration with other persons and entities, papers, periodicals, magazines, books, journals.

iv) Create and maintain a world-class store house of knowledge and information with a state of art electronic database and exchange facilities.

v) Support the technical activities of the Institute of Chartered Accountants of India by carrying out field studies and researches similar to those being carried out by Financial Accounting Standards Board (FASB) in the United States of America and the Accounting Standards Board (ASB) in the United Kingdom.

2. The Foundation will provide education, organise training programmes, courses and classes for academic vocational and competitive examinations.

3. The Foundation will award, institute, and grant scholarships, and other forms of financial assistance for facilitating research work.

4. The Foundation will also undertake research projects in specialised areas sponsored by national and international bodies. It may also carry on researches in areas that have multi-disciplinary dimensions in collaboration with other research bodies and educational institutions.

5. The Foundation will also support the international and regional level accountancy and auditing bodies like Confederation of Asian & Pacific Accountants (CAPA), International Federation of Accountants (IFAC), International Accounting Standards Committee (IASC), South Asian Federation of Accountants (SAFA),etc., in their technical activities.

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