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ICAI's Hyderabad Lab: A Game Changer for SMPS
24 May
Summary
- An advanced forensic auditing lab is being established in Hyderabad.
- The lab will operate on a 'pay and use model' for small practitioners.
- ICAI is also updating its curriculum with AI and data analytics.
The Institute of Chartered Accountants of India (ICAI) is establishing an advanced forensic auditing lab at its Centre of Excellence in Hyderabad. This facility is set to launch within the next two to three months and will operate on a 'pay and use model'.
The primary goal of this new lab is to equip small and medium practitioners (SMPs) with crucial forensic auditing capabilities. This will enable SMPs, who currently lack these resources, to effectively participate in larger auditing assignments, thereby fostering their growth.
In parallel, ICAI is actively preparing to integrate cutting-edge subjects such as artificial intelligence and data analytics into its chartered accountant curriculum. This forward-thinking approach is designed to ensure that students and professionals remain abreast of the evolving technological landscape and professional demands within the accountancy sector.
