Tremendous opportunity for Chartered Accountants globally – Experts

CRET-“Outreach Meeting” on Topic- Proposed Scheme of Education & Training of CA Course organized by ICAI

PUNE: Rapidly growing Indian economy, the huge gap between supply and demand of accounting professionals not only in India but globally, presents huge opportunities for Indian Chartered Accountants, making it one of the most sorts after professionals in the financial market opined various experts at a CRET-“Outreach Meeting” on Topic- Proposed Scheme of Education & Training of CA Course. The program was organized by The Pune Branch of the Institute of Chartered Accountants of India today at Pune. Proposed to revamp the curriculum of the CA Course was informed and obtained feedback from the students, professors, and other stakeholders, at large.

The deliberations were led by CA. Chandrashekhar V. Chitale, Member of Central Council and Board of Studies, ICAI, and CA. Dayaniwas Sharma, Chairman, BoS (Academic), ICAI, Delhi, CA. Vishal Doshi, Vice Chairman, BoS (Academic), ICAI, Delhi, CA. Dr. S.B Zaware, CA. (Dr.) M. S. Jadhav and Chairperson, WICASA CA Moushmi Shaha, and other Pune ICAI Managing Committee Members. Dr. Parag Kalkar, Dean and faculty of Commerce and Management, SPPU and Dr. Rajendra Zunjarrao, Principal Modern College, BMCC principal Dr. Seema Purohit and MMCC Principal Dr. Devidas Golhar also appreciated the new curriculum and guided the students. CA. Moushmi Shaha, the Chairperson, moderated and compeered the program.

CA. Chandrashekhar Chitale informed that at a recent CA placement program, demand was more than CAs available for taking jobs. In more than 100 countries, CAs are playing the role of CFO and management positions. He further said that ICAI continuously makes efforts to elevate the standard of accounting and auditing and these standards are acclaimed and acknowledged worldwide. Whenever a student qualifies for our course, the student has a demand globally. The credit goes to the meticulous manner in which the syllabus is designed, the course is designed, and the hands-on experience that the student gets while doing articleship. Now with the changing times, we take a review of various advancements in the profession, and technology, and how we should adapt to those changes. Generally, we appoint a CRET committee every 8 or 10 years, but this time we have constituted it in five years considering substantial advancements in the profession. This committee came out with various recommendations. The revised proposal for revamping the curriculum was submitted and was agreed upon in principle by the Ministry of Corporate Affairs and thereafter we were told to give it public exposure, so as to accommodate the suggestions by people. Therefore the outreach programs are being conducted throughout the country. We have studied curriculums of most advanced countries and best practices have been adopted to make them more relevant.

CA. Dr. Zaware explained in detail the CA course and opportunities. He advised students to embrace the PERFECT formula for success.

CA. Dayaniwas Sharma, Chairman, BoS (Academic), ICAI, Delhi, said that ICAI is the second largest accounting body in the world. But for a country of 140 cr people, we have only 3,50,000 Chartered Accountants. We are trying to reach out to all Universities across the country to tell them what new things they require to incorporate to create a new generation of accountancy professionals, including incorporating the latest technologies like data sciences and blockchain technologies. When we talk about a 5 trillion economy, there is a dire need for chartered accountants in the country. Every industry needs a Chartered Accountant. The huge exposure of various industries and the 360 view which the chartered accountant’s professionals carry makes it one of the most sort after professions. More than 40,000 CAs are working globally in more than 100 countries. Today CAs are also in demand globally and therefore there are huge opportunities. People think that this is a tough course, but that is more in their mind. Students should think from a positive frame of mind.

CA. Vishal Doshi, Vice Chairman, BoS (Academic), ICAI, Delhi said the outreach program is being conducted to take back maximum suggestions. ICAI is one of the very few professional courses in the country wherein the student can register post passing the 10th standard and become eligible to appear for the foundation exam post the 12th standard. Along with graduation, one can do the CA curriculum.

Dr. Parag Kalkar, Dean and faculty of Commerce and Management, SPPU said that as a University, after 2019, we have revamped our syllabus to a choice-based credit system and as a small portion of this change we have brought in an internship program for the students. As a part of this endeavor, we have an umbrella agreement with ICAI. Citing various examples he said, we wish to work on principles of cooperation and collaboration along with faculty capacity building, reskilling, and up scaling of knowledge.

Dr. Rajendra Zunjarrao, Principal of Modern College said that awareness of career opportunities is also important along with studies. What we have done at our college is to bring out and publish an updated version of ‘Modern Career Path’ which is a compilation of career guidance articles written by heads of various departments.

Photo by Scott Graham on Unsplash

source https://nrinews24x7.com/tremendous-opportunity-for-chartered-accountants-globally-experts/

June 27, 2022