How has the role of chartered accountants (CA) changed in India, particularly in terms of competencies and competitiveness?
Over the years, the role of CAs in India has become multi-dimensional in terms of their bouquet of services. Previously, CAs were primarily seen as bookkeepers, accountants, and auditors. However, their role has evolved over the past 75 years to become conscience keepers of the nation. Auditing and accounting for instance, have extended beyond mere financial statements. Chartered accountants now provide assurance in numerous other areas, including income tax, internal audit, management audit, and other parts of a business, like non-financial reporting on sustainability.
As the industry and business landscape have evolved, so has the role of CAs. But one constant remains, CAs continue to be assurance providers, but are . Additionally, CAs are not limited to the role of auditors or assurance providers. Many of them now hold positions within organisations in areas such as accounting, finance, and even hold operational roles. It is not uncommon to find CAs serving as CEOs, CFOs, or other high-level executives.
What new skills or competencies are essential for chartered accountants to stay relevant in today’s dynamic business environment?
When aspiring to enter or upskill in the profession of chartered accountancy, it is crucial to look at the areas that are going to be of significance. Technology plays a vital role in this profession, and it is essential to constantly monitor its advancements and embrace it as an enabler rather than as a disruptor.
The ever-changing nature of technology necessitates keeping up with technological skills. The institute offers various skill enrichment programmes to ensure that both members and students have access to the latest technologies.
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Denne historien er fra 15 July 2023-utgaven av Businessworld India.
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SHAPING INDIA'S ENTREPRENEURIAL LANDSCAPE: KEY INITIATIVES AND CHALLENGES AHEAD
THE Hon'ble Finance Minister made history in July 2024 by presenting her seventh budget, surpassing the record previously held by Morarji Desai. Beyond this historic milestone, the budget stood out for its trans-formative measures aimed at fostering India's entrepreneurial ecosystem.
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AFTER last year's parliamentary elections, the Budget for FY2026 was presented in July 2024, which provided a glimpse of the government's priorities. In a few weeks, the government of India (GoI) will table the Union Budget for FY2026, which is expected to expand on these plans, and provide the new medium-term fiscal path as well.
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Constitutional Musings
A LEGAL DOCUMENT, even if it sets down the constitution of a country, is at the end of the day, just that – a document.
Turning Stress into Strength: A Path to Purposeful Living
Khera on transforming stress into strength, fostering resilience, purpose for meaningful living, and other insights from his new book Live While You're Alive
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"NORTH AMERICA IS OUR LARGEST MARKET
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MAHAKUMBH 2025
NOTWITHSTANDING the never ending debate about the beginning of the festival - year and founder - and the dates when it is to be held, there's general agreement that it was started by the 8th Century vedic scholar, philosopher, saint and teacher of Advaita Vedanta Adi Shankara Acharya and that the 12 yearly celebration dates are synchronised with every completed revolution of the planet Jupiter (Brahaspati); also that the venue is mostly in the river bank towns of Prayagraj (Allahabad) at the confluence of Ganga, Yamuna and the mythical invisible Saraswati, Haridwar (Ganga), Nasik (Godavari) and Ujjain (Shipra).
CATALYSING INDIA'S DIGITAL-FIRST ECONOMY: THE SMART WEARABLES PERSPECTIVE
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"THE DELHI MODEL OFFERS THE SUREST ROAD MAP TO BUILDING A DEVELOPED INDIA"
JASMINE SHAH, then vice-chairman of the Delhi government think-tank, the Dialogue and Development Commission, conceived the idea of writing a book about the Delhi Model of governance while Aam Admi Party (AAP) convenor and Delhi's former chief minister Arvind Kejriwal and his former deputy chief minister Manish Sisodia were both at Tihar Jail for the alleged liquor scam in the state. By the time The Delhi Model – A Bold Road Map to Building a Developed India was released, campaigning for the Delhi legislative assembly elections were in full swing. The AAP leader though, stole some time out to discuss the book with BW Businessworld 's Madhumita Chakraborty. Excerpts:
