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ICAI President Charanjot Singh Nanda at Vadodara said that AI is helpful for CAs and it will assist, but cannot replace Chartered Accountants. A two-day national conference titled 'VEDA Excellence' was organised by CPE-ICAI where he said that artificial intelligence ia a tool which boosts efficie
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No, AI is considered a tool to assist CAs and boost efficiency, but it cannot replace the strategic judgment and ethical responsibilities inherent to the role of a Chartered Accountant.
India is projected to need approximately 50 lakh Chartered Accountants by the year 2050 to support its growing economy.
ICAI has launched a dedicated AI course and an in-house AI platform designed to help CAs save 70-80% of their time on administrative tasks, such as responding to notices.
No, ICAI maintains its answer sheet evaluation criteria and ensures utmost diligence in conducting exams, even stating that other institutions could learn from its procedures.
ICAI opposes the demand for auditing rights for Cost Accountants, stating that auditing is and should remain the domain of Chartered Accountants.
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