Page 10 - 39th Annual Conference Recap_Final

CA (DR.) Debashis Mitra

Vice-President, ICAI

Vice-President started his speech my referring to rapid growth that ICAI
chapters have shown over years. Currently ICAI has presence in 45 countries
of the world represented by 42 overseas chapters and 26 representative
offices. In India ICAI now holds 164 branch offices. He was elated in sharing
that ICAI is the 2nd largest accounting body in the whole world. He further
elaborated that ICAI continue to take initiatives to improve skill set of our
members and the current initiatives include technological development on
AI and data analytics. He shared further updates such as Institute has set up
a separate board called digital accounting & standard board which is doing
lot of research on this area. Chapter is also in process of developing audit
tools around data analytics to upskill and reskill our members. Another
important area is forensic audit for which chapter is developing standards.
Another area on which chapter is working is sustainability standards which
are been developed in context of PPP (Profit, People and Planet). There are
also quality standards under approval for use by practicing firms for
self-evaluation.

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