The Institute of Chartered Accountants of India (ICAI), the second-largest professional body of chartered accountants in the world, recently held its two-day annual convocation ceremony in Kolkata.
To keep up with the heightened pace of digital innovation, ICAI is set to adopt Artificial Intelligence (AI) and other technological revolution.
Dr Debashis Mitra, the vice-president, ICAI, said: “ICAI, which has emerged as a global institute, will focus on adapting new technologies like Artificial Intelligence (AI) along with forensic auditing and upgrading its code of ethics. We will ensure that students keep up to the global standards. For this, ICAI has raised the accounting standards to keep up with the global trends and changes. ICAI has also expanded its footprint across and beyond India and currently has a student base of 7.5 lakh, 45 chapters and presence in 57 cities.”
Dr Mitra is elated that chartered accountants can now pursue Ph.D programmes too. “CAs has this recognition granted by the University Grants Commission (UGC) to Chartered Accountancy qualification as equivalent to Master degree. CAs can now pursue Ph.D programmes,” he said.
The convocation was inaugurated with the lighting of lamp by the guest of honour CA Subodh Kumar Agrawal, past president of ICAI along with other eminent dignitaries. The convocation is for the 2,394 newly enrolled members of the eastern region. CA Sunil Kumar Sahoo, Chairman, EIRC (Eastern India Regional Council of The Institute of Chartered Accountants of India) felicitated the guests. CA Ranjeet Kumar Agarwal administered the oath-taking ceremony of the newly-enrolled members. In a recorded version, CA Nihar N Jambusaria, president, ICAI, congratulated the members and said they have passed the CA exam in the most crucial time of the Covid-19 pandemic.