Global Demand for Indian Chartered Accountants: ICAI President
PrintListen to this Article
With India set to usher in a new era of accounting reforms with the adoption of new Indian Accounting Standards converged with International Financial Reporting Standards, the Institute of Chartered Accountants of India forsees a global demand for Indian CAs.
The new standards are to be converged with IFRS from 2015-16 on a voluntary basis and from 2016-17 mandatorily, and the ICAI was fully geared to facilitate the process in the country, its President K Raghu told reporters here.
The institute has already started a nation-wide exhaustive exercise to train members in the new standards, he said. There was huge demand for CAs in the country, he said adding there was lot of demand for chartered accountants in IT, Retail and Telecom sectors.
With Globalisation unfolding new vistas of opportunities, the ICAI has prepared Career E-kits for various countries. "We want more youngsters to choose global careers. There are lot of opportunities in countries like Singapore," he said.
There were plans to come with a new curriculum for CAs as per industry expectations and global demands. The draft of the curriculum had been approved, he said adding it was expected to be introduced by 2016. The curriculum is renewed every 10 years.
Four new certificate courses to promote specialisation has been introduced recently to help members build new skill sets.
These include courses on 'Corporate Social Responsibility (CSR), 'Financial Markets and Securities Laws, Wealth Management and Financial Planning and 'Information Systems security'. (PTI - Economic Times)
Category : ICAI | Comments : 0 | Hits : 1045
The CA Institute has proceeded and notified its revised exam dates (announced on March 19) for the intermediate course examination and final examination despite a pending Supreme Court hearing slated for April 29 on postponement plea filed by some CA Students. An ICAI notification—gazetted on April 25 —showed that the intermediate course exams will be held on May 3, 5 & 9 (Group I) and May 11, 15 and 17 (Group II). The final exams are scheduled for May 2, 4 and 8 (Group ...
The Institute of Chartered Accountants of India (ICAI) has found gross negligence by edtech firm Byju's auditors, ICAI president Ranjeet Kumar Agarwal said on Wednesday. "Our inspection has found gross negligence on accounting practices by individual auditors of Byju's and accordingly we have recommended to the Financial Reporting Review Board (FRRB) to take punitive actions on auditors concerned," Agarwal told news agency PTI. Agarwal said, "The FRRB wil...
The Enforcement Directorate (ED) raided premises linked to Delhi Chief Minister Arvind Kejriwal’s personal secretary Bibhav Kumar, and Aam Aadmi Party (AAP) Rajya Sabha MP, Past President of ICAI Sh.ND Gupta in connection with a money laundering probe related to the Jal Board case. The central probe agency had last month arrested Jagdish Kumar Arora, the former chief engineer of the Delhi Jal Board. The probe agency claims that Arora awarded a contract worth Rs 38 crore to NKG Infrastru...
A bench of justice Bharav D Karia had observed that the activity of a CA includes that of accounting, auditing, refereeing, receivers, arbitrators and special commissioners as prescribed by the ICAI to be carried out on-premises and at places of managing partner may determine The Gujarat high court has ruled that a Chartered Accountancy (CA) firm should be classified as a professional establishment rather than a shop, commercial or retail entity and as a result, its employees are deemed ineli...
Notice Sent to Kumar Vishwas by Advocate (CA) Dr. Suneel Maggo for his Derogatory Remarks against Professionals (Chartered Accountants and Company Secretaries). We had discussed the matter with Advocate Suneel Maggo and the same has been uploaded on the youtube but on the pressure of Kumar Vishwas, Video has been removed 2 times. In his notice to Kumar Vishwas, He asked for Sorry to the Professional else Next Defemation Notice to Kumar Vishwas for his Derogatory Remarks against Chartered A...
Comments