ICAI Launches First Advanced Flagship Program and Unveils Key Milestones

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The Institute of Chartered Accountants of India (ICAI) announces a historic first with its Advanced Flagship Program, “Empowering Trusted Advisors – Unlocking the Potential of Family Enterprises (Residential),” alongside several significant initiatives aimed at redefining the accounting profession globally.

Key Highlights

  • Launch of Advanced Flagship Program:

    • Focused on equipping Chartered Accountants to address the needs of family businesses.
    • Scheduled from January 7-11, 2025, at the Centre of Excellence (CoE), Hyderabad.
  • Expansion of Centres of Excellence:

    • Currently operational: Hyderabad and Jaipur.
    • Upcoming: Kolkata in January 2025.
    • Plans for eight additional CoEs across India within three years.
  • World Forum of Accountants:

    • Scheduled for January 31 - February 2, 2025, at Yashobhoomi, New Delhi.
    • Over 10,000 global professionals expected to attend.

Program Insights

The Advanced Flagship Residential Program will offer:

  • Expert guidance from industry leaders like Dr. Nupur Pavan Bang, Anil Sainani, Tara Ollapally, and others.
  • Tailored solutions for family business challenges.
  • Practical case studies and long-term strategies to position CAs as trusted advisors.

ICAI’s Recent Achievements

  1. ICAI GPT:

    • AI-driven platform offering 19 specialized GPTs for CAs.
    • Features include industry forums with reports from 5,000 companies.
  2. AI Certificate Course:

    • Launched in July 2024 with over 7,500 participants to date.
    • Expands digital and AI expertise among members.
  3. Enhanced Financial Reporting for Railways:

    • Accrual-based financial statements for Zonal Railways and Production Units, aligning with global best practices.
  4. Student Initiatives:

    • Fee concessions of 75% for candidates from specific regions.
    • Scholarships worth ₹9.55 crore were disbursed to 13,146 students.
  5. Global Engagement:

    • Mutual Recognition Agreements with eight global accountancy bodies.
    • International presence in 47 countries with 52 chapters and 29 representative offices.

Future Vision

ICAI President CA Ranjeet Kumar Agarwal emphasized the importance of continuous learning, especially in the era of AI and digitalization. He stated, “ICAI is committed to providing world-class training and education to empower Indian Chartered Accountants to thrive in a rapidly evolving global economy.”

Also, read: New College Inaugrated at Delhi University After Three Decades

Content Credit : Vidyapost Team

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