In the challenging times, Chartered Accountancy profession today is an integral facet of society. In the growth and development of a country, the accounting profession, perceptibly is playing a dynamic role in ensuring stability and sustainability of country’s Economy and Corporates through financial discipline, control and strong financial resilience, thus adding elements of credence and trust to financial reporting.
The ICAI International Conference on the theme ‘Accountancy Profession: Convergence and Sustainability in Digital Era’ will be a congregation of Intellectuals in areas of Governance, latest Accounting and auditing Standards, Integrated Reporting, Transparent Regulatory Regime, New Frontiers in Direct Taxes like GAAR and BEPS, GST Implementation impact, Capital and Financial Market developments and the impact of Digitisation on the profession.
The ICAI International Conference at Mumbai, the financial capital of India, is going to be an apt platform for ideas exchange and usher interactive dialogue amongst the global and local accounting fraternity and other stakeholders. The dawn of a digital society juxtaposed with traditional avatar of an accountant role is leading to re-skilling need for professional accountants and ICAI’s endeavour is to provide continuous education to its members to the emerging context. The international conference is likely to see participation of more than 1500 professionals and business leaders and is recommended to be attended by all those who wish to remain updated with the emerging dynamics and excel.
The Conference ‘Accountancy Profession: Convergence and Sustainability in Digital Era’ comes at most opportune time when Accountancy profession is rededicating towards transforming India, the World’s largest democracy, towards Transparency& Accountability while moving towards a digital society to ensure stability and sustainability of country’s Economic growth by adding elements of credence and trust to financial reporting and assurance systems.
India has triggered itself on the path of Economic Growth and Financial Stability playing an important role to take the World together on the Mantra of ‘Vasudhaiva Kutumbakam’ which means whole world is one family.The instant International Conference will be a congregation of Intellectuals in areas of Governance, latest Accounting and auditing Standards, Integrated Reporting, Transparent Regulatory Regime, New Frontiers in Direct Taxes like GAAR and BEPS, GST Implementation impact, Capital and Financial Market developments and the impact of Digitisation on the profession.
The Accounting profession is playing a dynamic role as a value creator both nationally and internationally. The dawn of the new digital economy has created new opportunities for Chartered Accountants. The expectations of stakeholders from the profession have increased manifold and the profession, has a new multi-dimensional role in the wake of fast paced emerging developments.
With physical frontiers disappearing and the pace at which Digitization is taking place; the need of the hour is to recalibrate the profession with skills to understand ramifications of emerging trends like Artificial Intelligence & Automation in Accountancy and Auditing, Forensic Accounting, Digital currency, and newer paradigm of Financial Reporting. It is now essential that one should familiarize with the internationally accepted practices as to be acceptable in evolving markets by continuously upgrading oneself.