ICAI has recently launched a Virtual Executive Masters Programme on New Age Auditors which is an excellent opportunity for CA professionals to get accustomed to the advancements in the regulations and technology. It also helps the new age auditors to develop the skills needed to cope up with the digital era and changing technologies.
The first batch of this programme will start on 23rd November 2020 and will go on for 16 days till 8th December 2020. It will be addressed by the members of Practice Portfolio which includes RBI, CBI, SFO, Banks, members from MRA countries and Overseas Chapters of ICAI.
It is a 16-day refresher course with four hours a day of dedication expected from the learner. The course will train learners in emerging technologies such as automation of robotics systems, cloud computing, artificial intelligence, technology blockchain, cybersecurity, big data and analytics of data.
The institute claims that faculty may have individuals from the profession portfolio, including CAs, regulatory authorities such as SFIO, CBI, RBI and banks, MRA member countries, ICAI chapters overseas. The course is available at a cost of Rs 11,800 via the ICAI digital learning hub or at learning.icai.org.
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Centre for Audit Quality on New Age Auditors
ICAI recently founded the Centre for Audit Quality (‘CAQ’) as a Special Purpose Directorate to provide a suitable study environment and build a comprehensive audit quality framework to help ensure continuous improvement in audit quality and boost the global standing of Indian firms. India is on the verge of an unprecedented data revolution. The Centre for Audit Quality will play an important role in further building the confidence of investors and in building public trust in general.
The Audit Quality Centre will also play an important role in increasing the confidence of investors as well as in building public confidence. While announcing the launch of the programme, CA Atul Kumar Gupta, President of ICAI, stated that audit quality is a mark of the audit profession and that in order to be ready for the future, the professional accountant is required to learn and equip himself in the new age of technology skills along with acquiring managerial skills and continuing his expertise in accounting, finance, taxation, and industry.
Furthermore, he added that auditors need to reinvent themselves and that such initiatives would help to keep them up-to-date with the latest skill sets needed in an evolving world for the global environment, organizational sustainability, and practices.
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