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Dear Professional Colleagues, I am confident that you all will discharge your responsibilities diligently and the profession of Chartered Accountancy will be seen as the Pillars of Economic Governance. - Smt. Droupadi Murmu, Honorable President of India The future of our profession is an evolving story of innovation, adaptability, and purpose-driven actions. As we envision this future, we must embrace the numerous possibilities of technology while remaining anchored in our commitment to pu
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FAQ :
The ICAI President urges members to embrace technological advancements while upholding ethics and cybersecurity to ensure the profession remains relevant and continues to serve the public interest.
Technology, including AI, robotic process automation, blockchain, and data analytics, is expected to revolutionise audit procedures, enhance service quality, and improve efficiency, allowing for more comprehensive and risk-focused audits.
The key concerns highlighted are data privacy and cybersecurity, which have become paramount with the rise of technology. Upholding transparency and ethical practices is crucial to maintaining public trust.
The ICAI is enhancing its learning and working ecosystem by introducing a new technology-oriented curriculum, a Digital Competency Maturity Model, digital audit tools, and Forensic Accounting & Investigation Standards.
The 75th CA Day celebrated the profession's contributions to national economic development, unveiled a new Education and Training Scheme, and saw the President of India laud CAs as 'Pillars of Economic Governance'.
The second phase of the Peer Review mandate is now applicable from April 1, 2024, for the respective categories of practice units.
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