Formation of Directorate of Accounting Technicians

The Executive Committee of the Institute of Chartered Accountants of India (ICAI) in its meeting held on 8th June 2009 has decided to approve formation of a Directorate of Accounting Technicians (ATs) within ICAI to provide singular and unified focus on the development of Accounting Technicians as an independent certification amongst all stake holders. The Directorate would work towards bringing the eligible candidates under the Accounting Technicians Umbrella and would provide for their regulation and development for the benefit of the industry. This certification program would immensely benefit the small & medium sized enterprises (SMEs) and all those who are looking for the rendering of specialized accounting services other than the audit and assurance function. The certification by a premier accounting body like ICAI would give the added stamp of authority to the holder of such Accounting Technicians certificates.

Worldwide the developed as well as developing economies have this demarcation already in place and the certified ranking ATC would proof very handy for corporate and others who while do not need the services of full fledged chartered accountants for some of the areas and for such niche components of their working, ATC holders would be a boom to bolster their functional prospects.

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Comments (6)

Pankaj M Latoria

This is a very welcome move from ICAI, this will definitely help in setting standards in the accounting profession and also it will leverage the profession.

Pranay

This is indeed a welcome step by the Institute. Now institute will be custodian of complete developments in the fields of accounts. Institute should also improve the systems for regulatory and reformational changes in the Financial Domain and provide an edge to the international accounting practices.

NIHAR RANJAN

ICWAI & ICAI BOTH SHOULD HAVE COMMON AGENDA ON THIS DIRECTION.

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