Ahmedabad, Dec 22: The Institute of Chartered Accountants of India (ICAI) and the Indian Institute of Management (IIM) Ahmedabad have signed a Memorandum of Understanding (MoU) under which the prestigious B-school will conduct a management training programme for chartered accountants.
The agreement aims at establishing mutual cooperation between the two apex institutions for offering and hosting jointly open enrolment and customised training programmes designed exclusively for chartered accountants.
The MoU will help CAs to enhance their management skill sets
Commenting on the MoU, ICAI president Naveen N D Gupta said that the collaboration between the two premier institutes will bring a paradigm shift to the fields of accounting and management education in India.
Courses conducted under the agreement, he said, will provide a platform to chartered accountants across the country to enhance their management skill sets, which is a pre-requisite for important positions in business and industry.
IIM-A will conduct a five-day programme for CAs from Dec 24 to 28
Gupta said in today’s digitised and fast-changing business environment, it is very important for chartered accountants to have a number of skills. The MoU will help them to acquire those skills and achieve operational excellence by exposing them to emerging concepts, technology and business practices.
As part of the agreement, IIM Ahmedabad will conduct a five-day residential programme titled ‘Advanced leadership programme for Chartered Accountants’ at its campus from December 24 to 28.
About ICAI
Established in July 1949, the ICAI is India’s apex professional accounting body that regulates the chartered accountancy profession in the country. It is the world’s second largest professional accounting and finance body. The only licensing and regulating body of financial audit and accountancy profession, the ICAI recommends accounting standards to the National Advisory Committee on Accounting Standards (NACAS). The recommendations are to be mandatorily followed by companies in India.
The ICAI also sets accounting guidelines to be followed by other types of organisations. It is the only organisation in India which sets the Standards on Auditing (SAs) to be followed in the audit of financial statements. It works closely with the union government, the Reserve Bank of India and the Securities and Exchange Board of India to formulate and enforce guidelines and standards to be followed by accounting and finance bodies.