With an aim to provide heightened focus of Chartered Accountants who are in Practice on various emerging Professional Opportunities such as RERA, Ind AS, Companies Act, 2013, Artificial Intelligence, Blockchain, Cyber Security and Data Analytics (ABCD of Technology), GST, Registered Valuers, Forensic Audit, International Taxation, Insolvency Practice, PSU & Bank Audit etc, the Professional Development Committee of the Institute of Chartered Accountants of India ( ICAI ) has brought out the publication ‘Quick Insights on Professional Opportunities for Chartered Accountants”.
The President of the Institute of Chartered Accountants of India, Prafulla P Chhajed, said that the Chartered Accountancy (CA) professionals must focus on combining digital skills with emotional intelligence to keep up.
Chhajed said special attention will be given to sector-specific specialization, ability to adapt to accounting and taxation reforms and digitalization.
With technology impacting the Chartered Accountant profession and changing its dynamics, lack of these skills sets is a challenge for the CA job industry in the country.
ICAI is determined to use technology and its tool to get the most out of professional opportunities.
He also suggested that the Chartered Accountants must understand the industry trends and work towards them. According to him, the Chartered Accountants should go beyond the traditional role, upgrade their skill sets and emerge as the “complete business solution provider” to match the expectations. He further added that the CAs should have expertise in a second language to adapt to the global market as it has become a major requirement.