India’s Institute of Chartered Accountants

ICAI Hosts AI Innovation Summit – AIS 2024: Transforming Accounting, Audit, Tax, and Governance

The Institute of Chartered Accountants of India (ICAI) is making waves in the world of artificial intelligence (AI) with the upcoming AI Innovation Summit – AIS 2024. This two-day event, set to take place at Shilpakala Vedika in Hyderabad on July 16th and 17th, will bring together global AI experts, tech industry leaders, policymakers, and academicians for panel discussions and thought-provoking sessions.

The theme of the summit, “Transforming Accounting, Audit, Tax, and Governance,” highlights the potential of AI to revolutionize these fields. The event will feature discussions on how AI can drive innovation, empower professionals, and reshape work paradigms in the accounting industry.

In addition to the panel discussions, ICAI has also launched new initiatives to further integrate AI into the accounting profession. These include the introduction of CA GPT for members, a Certificate Course on AI for Members, and a publication featuring 100 AI tools for financial and accounting functions specifically for CAs.

CA. Ranjeet Kumar Agarwal, President of ICAI, emphasized the importance of embracing innovation and advancing the accounting profession through AI. He highlighted the launch of CA GPT for members and students, as well as ICAI’s collaboration with the Ministry of Electronics and Information Technology to develop an audit tool for members and companies.

The summit will also feature an interactive exhibition showcasing cutting-edge AI technologies, solutions, and services, as well as the grand finale of the AI Hackathon. Participants will have ample networking opportunities to connect with peers, colleagues, and solution providers worldwide.

Overall, AIS 2024 promises to be a catalyst for shaping the future of the accounting and financial sectors in India, contributing significantly to the growth of the economy. With a focus on innovation and technology, ICAI is leading the way in integrating AI into the accounting profession and setting benchmarks for excellence.