ICAI Plans New CA Syllabus With Focus on AI, ESG, Sustainability & Data Analytics
ICAI is planning a new CA syllabus with focus on AI, ESG, sustainability and data analytics as the accounting profession becomes more technology-driven.
The Institute of Chartered Accountants of India (ICAI) is planning to bring big changes in the Chartered Accountancy syllabus. The new syllabus is expected to focus more on artificial intelligence (AI), data analytics, ESG and sustainability as the accounting profession is changing fast with technology. ICAI has formed a new Committee for Review of Education and Training (CRET)...
The Institute of Chartered Accountants of India (ICAI) is planning to bring big changes in the Chartered Accountancy syllabus. The new syllabus is expected to focus more on artificial intelligence (AI), data analytics, ESG and sustainability as the accounting profession is changing fast with technology.
ICAI has formed a new Committee for Review of Education and Training (CRET) to review the current CA syllabus, articleship training, exam pattern and soft skills. The committee is expected to give its recommendations by December. After that, the proposals will be opened for public feedback.
ICAI President Prasanna Kumar D said that technology is becoming very important in the accounting profession and future chartered accountants need to understand AI and digital systems.
“At present AI is not a formal subject in the CA course, but without AI no chartered accountant can survive in future, whether in job or practice,” he said in an interview with PTI.
At present, subjects like AI, ESG, sustainability and data analytics are not part of the CA curriculum. But ICAI now feels these subjects are important because companies are using automation, digital accounting systems and data-based reporting in daily business operations.
The review committee will also study the articleship structure and communication skills training. There can be changes in the way students are trained and examined in future. ICAI wants to make the CA course more practical and industry-focused.
In recent years, demand for professionals with knowledge in forensic audit, ESG reporting and digital finance systems has increased. ICAI believes the revised syllabus will help students prepare for these new industry requirements.
ICAI had already introduced the New Scheme of Education and Training in 2023. The upcoming changes are expected to continue those reforms and update the CA course according to modern business needs.
The revised CA syllabus is expected to be implemented from 2028 after consultations and approval process gets completed.
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