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ICAI's National Conference of CA Students Held in Coimbatore

SimpliCity News Team · 05 Jul 2024

Coimbatore: The Institute of Chartered Accountants of India (ICAI) held its National Conference for CA Students at PSGR Krishnammal College of Arts and Science in Coimbatore on Friday. The event, organized by ICAI's Board of Studies and hosted by SIRC & SICASA, Coimbatore Branch, saw participation from over 1000 students pursuing the Chartered Accountant program from various parts of India.

The two-day conference aims to provide students with valuable knowledge sessions and networking opportunities. CA. Ramaswamy, Past President of ICAI, graced the event as the Chief Guest, while CA R. Kesavan, Ex-Director-Finance of Hindustan Petroleum Corporation Limited, attended as the Guest of Honor.

Other notable attendees included CA K. Sripriya Kumar, Central Council Member of ICAI; CA Vishnu Adithan, Chairman of Coimbatore Branch-SIRC; CA M. Thangavel from Coimbatore Branch-SICASA; and CA Survajith S. Krishnan, Secretary of Coimbatore Branch-SIRC, along with various industry members.

In his address, CA Ramaswamy highlighted that ICAI, which celebrated its 76th year on July 1st, has become the world's largest accounting body. He emphasized that the conference would provide students with insights into the latest developments in accounting and taxation, including the incorporation of technologies like ChatGPT and AI.

Currently, ICAI has 10 lakh students pursuing CA, with 40% being women. Ramaswamy noted that SEBI's mandate for listed companies to have a woman director has opened up numerous opportunities for female CA aspirants.

With India's rapidly growing economy and the increasing number of companies and start-ups, the demand for CAs is expected to rise significantly. While India currently has 4 lakh CAs, a study suggests that the country will need 30 lakh CAs by 2047. Ramaswamy mentioned that ICAI is preparing a vision document and plans to introduce reforms in course structure and technology adoption to support India's economic growth as it approaches its 100th year of independence.

When questioned about India's potential to create global accounting firms rivaling the Big Four (Deloitte, EY, KPMG, and PwC), Ramaswamy expressed confidence. He stated that India's talented CAs, who are already handling outsourced accounting work, have the capability to scale up to that level, and efforts are underway to nurture this aspiration.

ICAI CA students conference accounting Coimbatore education

ICAI's National Conference of CA Students Held in Coimbatore

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