In light of the COVID-19 pandemic and government-imposed lockdowns, the President of the Institute of Chartered Accountants of India (ICAI) has urged its members to consider working from home to ensure safety. The ICAI has also released an advisory on accounting and assurance issues related to the pandemic and is promoting its digital learning hub for online training and CPE hours. The institute has taken proactive measures, including cancelling physical events and directing employees to work remotely, to align with social distancing guidelines.
As I write this message, the world around us has been undergoing
tough unprecedented challenges arising out of
COVID-19 pandemic; which is yet unfolding;
disrupting professional and social strata altogether. Central government and State
Governments have taken up drastic measures including locking down whole country
for 21 days to impede the cascading trigger impact of this catastrophe. Covid 19
has created paramount fear and alarm in the minds of one and all. A potent solution
right
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FAQ :
The ICAI President is asking Chartered Accountants to explore work from home options for themselves, colleagues, and students to ensure everyone's safety during the COVID-19 pandemic.
Yes, the ICAI has released an advisory titled 'Covid-19 Disruptions - ICAI Advisory on Accounting and Assurance related issues for the Financial Year 2019-20' to guide preparers and auditors.
ICAI members and students can benefit from the Digital Learning Hub, which provides online training courses, e-books, video lectures, and material. Structured CPE hours are also available through this platform.
The Council of the ICAI decided to cancel all programs and events that require physical gatherings up to April 15, 2020, as a proactive measure to avoid health hazards.
In response to the lockdown, ICAI has issued directions for its employees to work from home.
For students, ICAI has implemented e-learning, video lectures, relaxation in GMCS/ITT for certain attempts, and allowed rescheduling of examinations to June 2020.