Leadership

Mr. Kartikey Kandoi

Chairperson

 

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Members

1. Mr. S P Chakraborty

2. Mr. Richard Holloway

3. Mr. Ashish Ranjan

4. Mr. Viren H Mehta

5. Ms. Shilpa Mehta

IAI Secretarial Support

1. Mr. Irfan Siddique, Deputy Manager (Executive Assistant)

2. Ms. Aditi Das, Assistant Manager (Deputy Executive Assistant)

Functions

1. Recommend appointment of internal, external and compliance auditors to the Council.
2. Ensure quarterly internal audits are completed within expected timelines. The internal audit plan should, in addition to the financial, statutory and accounting controls, cover various departments of the Institute as deemed appropriate by the Committee.
3. Ensure all other statutory audits are completed within expected timelines.
4. Ensure annual, or more frequently if required, audit of compliance with Actuaries Act 2006, Rules, Regulations, Council approved Policies, Council decisions, SOPs and all other similar requirements applicable to the IAI. Submit the audit report and conclusions to the Council.
5. Discuss audit findings with the auditors.
6. Liaise with IAI management to ensure closure of all audit items.
7. Recommend process improvements to the Council based on the audit findings.
8. Recommend annual audited accounts and financial statements to the Council.
9. Review all tax compliances and recommend appropriate steps to the Council.
10. Review statutory compliances related to filing of any statutory returns and any statutory payments.
11. The Committee must meet at least four times a year and not more than 120 days shall elapse between two meetings.
12. In case of any clarification required on the role and responsibilities of the Committee, the President is authorized to take a decision on the same.

Updated on 17^th September, 2026