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Chartered Accountants
Chartered accountants' apex body ICAI will embed artificial intelligence, data analytics, and other subjects in its curriculum as it works to keep pace with the evolving technological and professional changes. Lakhs of students are pursuing chartered accountant programme at the Institute of Chartered Accountants of India (ICAI), which has more than five lakh members. ICAI President Prasanna Kumar D in an interview to PTI said as technology is taking the front seat now, artificial intelligence (AI) and data analytics need to be embedded into the subjects. The institute has recently formed the Committee for Review of Education and Training (CRET), which is expected to finalise its recommendations, including updates for the curriculum, in the coming months. "We have formed the CRET. It is working to review the entire curriculum like what syllabus and subject need to be changed and training (articleship)," Kumar said. Currently, various subjects, including AI, data analytics, ESG, and
Congress leader Vivek K Tankha on Thursday in the Rajya Sabha demanded legal protection for chartered accountants and called for measures to break the dominance of four multinational audit firms in India, saying domestic CA firms need government support to compete. Raising the issue during Zero Hour in the Rajya Sabha, the Madhya Pradesh MP said Deloitte, PwC (PricewaterhouseCoopers), E&Y (Ernst & Young), and KPMG have mandates worth more than Rs 10,000 crore each, while nearly one lakh Indian CA firms have businesses that never cross Rs 10 crore. "I am voicing the concern of nearly five lakh chartered accountants who live in this country and work, and also more than four lakh who live abroad. They are the gatekeepers of our businesses. They are the crisis managers of our operationalised government policies," Tankha said. Highlighting the critical role CAs played in implementing policies like demonetisation and GST, he said: "The ministers may announce, but it is the CAs who .
Pushing ahead with efforts to create homegrown big audit firms, ICAI plans to amend its Code of Ethics to provide more leeway for chartered accountants in terms of issuing advertisements and maintaining their own websites, among other activities. The Institute of Chartered Accountants of India (ICAI) will release the exposure draft on the many changes proposed to the Code of Ethics, its President Charanjot Singh Nanda said at a briefing here on Friday. The government has been pushing for building indigenous professional service giants, and free trade agreements with various countries also present expansion opportunities for Indian entities. Currently, the Code does not permit networks to have their own websites. In the proposed revisions to the Code, network firms will be allowed to have their own websites, a move that will also help these entities to promote their services. Also, changes are planned that will help allow advertising by the chartered accountant firms. To fully ...