WebinarsNew
Deep DiveNew
Explore Business Standard
Chartered Accountants
As India continues its journey towards becoming one of the world's largest economies, tax reforms that improve predictability and reduce complexity will play a vital role in attracting global capital and fostering entrepreneurship, a senior financial industry expert said here on Tuesday. "It is also important to have a deep understanding of the growing economic partnership between India and Singapore and the importance of continuous dialogue on regulatory developments that impact cross-border investments," said Sanjay Gattani, chairperson of the Singapore Chapter of the Institute of Chartered Accountants of India (ICAI). Gattani also highlighted the increasing importance of keeping the global Indian community informed of India's rapidly evolving regulatory and tax environment. He noted that India today stands at a pivotal stage of economic transformation, driven by structural reforms, digitalisation, and a strong commitment to enhancing the ease of doing business. Gattani emphasised
Chartered accountants' institute ICAI will be setting up an advanced forensic auditing lab in Hyderabad to help small and medium practitioners, its President Prasanna Kumar D has said. The Institute of Chartered Accountants of India (ICAI) has more than five lakh members, including small and medium practitioners. In a recent interview to PTI, Kumar said that forensic audit is a new area, and small and medium chartered accountant firms are not able to participate in large auditing works as they do not have the forensic audit capabilities. Against this backdrop, the institute will be setting up an advanced forensic lab, which will be a "pay and use model". It will offer assignment-specific tools. "We are establishing an advance forensic auditing lab at the Centre of Excellence (CoE) in Hyderabad. In next 2-3 months, we will launch it," Kumar said. Meanwhile, there are larger government efforts to have homegrown big accounting firms that can help create more opportunities in the ...
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 .