CA Atul Kumar Gupta, the newly elected President of the Institute of Chartered Accountants of India (ICAI), has outlined the 'ICAI Vision 2024'. This vision aims to solidify the ICAI as a robust regulator and a technology-driven organisation. A key initiative is the formation of the Sustainability Accounting Standards Board to assist companies in achieving sustainable development goals and contributing to nation-building. The vision also focuses on expanding the ICAI's international network and enhancing members' skills in emerging areas like artificial intelligence and data analytics.
The Institute of Chartered Accountants of India elected CA Atul Kumar Gupta as its new President last month in February. As the trend follows the newly elected President is here with his first monthly message for his professional colleagues. In his message the President has talked about the ICAI Vision 2024 which aims to consolidate and further strengthen ICAI as a robust regulator and a technology enabled organisation. He has also talked aboutSustainability Accounting Standards Board in ICAI th
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FAQ :
CA Atul Kumar Gupta was elected as the new President of the Institute of Chartered Accountants of India (ICAI) last month.
The ICAI Vision 2024 aims to consolidate and further strengthen the ICAI as a robust regulator and a technology-enabled organisation.
The Sustainability Accounting Standards Board, formed this year, will help companies achieve sustainable development goals and act as a partner in nation-building.
ICAI plans to increase its international network by establishing a larger number of Mutual Recognition Agreements and Memorandums of Understanding with professional bodies in other jurisdictions, aiming for a three-digit international ICAI network by 2024.
ICAI members are encouraged to gain skills in artificial intelligence, blockchain, robotic process automation, cyber security, data analytics, forensic audit, fraud detection, information system audit, and computer-assisted audit techniques.
The vision includes encouraging qualified students to secure membership and others to regularise their status to reach a target of at least five lakh members in the next four years.