Ashwath Bhat

Ranjeet Kumar Agarwal, President of ICAI, predicts a surge in demand for chartered accountants in India. He foresees a need for 30 lakh CAs by 2047 to support India's pursuit of a $30 trillion economy. Agarwal emphasizes the crucial role CAs play in India's formalization drive, facilitated by legislation like GST and IBC. ICAI is actively preparing for this demand by updating its syllabus to include technology and ethics, aligning with global standards. The institute prioritizes skill enhancement and technological innovations, such as the AI in ICAI committee. (source: ICAI website) I think this will be possible if → We could focus more on refining accounting education by updating syllabi to international standards and integrating technology and ethics into the curriculum. → The institute could expand more network of institutions offering chartered accountancy courses to ensure accessibility to education for all aspiring CAs. → Continuous professional development should be prioritized through lifelong learning initiatives like workshops and seminars. → We could emphasize collaboration between government, private sector, and educational institutions to create internship and apprenticeship opportunities, bridging the academia-industry gap. → Technological integration, including AI and data analytics, is crucial for streamlining accounting processes and enhancing efficiency. → The institute could support the entrepreneurial aspirations of CAs by providing mentorship and resources for business establishment. → We should prioritize upholding ethical standards, as it remains paramount for reinforcing integrity and trust among CAs. #ICAI #CharteredAccountants #EconomicGrowth #India2030 #FormalizationDrive #GST #IBC #AccountingEducation #ProfessionalDevelopment #AccessibilityInEducation #ContinuousLearning #PublicPrivatePartnerships #TechnologyIntegration #EntrepreneurshipSupport #EthicalStandards #SpecializedTraining #FutureOfFinance

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Had an incredible experience to be part of an inspiring panel discussion with some of the brightest minds. We had the honor of being the first panel to kick off the #ETCFOTurningPoint, and with that came great expectations😊 The consensus was opportunities in India over the next decade are truly immense. I want to summarize what we identified three critical factors that could define an organization’s ability to grow and where finance leaders should prioritize their focus: 1. Securing access to capital and strategically allocating resources to key growth drivers. 2. Prioritizing good governance and robust controls to ensure sustainability and boost investor confidence. 3. Investing in leadership development and effective succession planning to fully seize emerging opportunities. We also discussed pivotal strategies that could mark the turning point in this transformative phase: 1. Embracing cutting-edge technologies like AI and Blockchain to drive efficiency and innovation. 2. Building strong scenario planning models to remain agile and enhance forecast accuracy. 3. Accelerating global integration within supply chains and mastering the complexities of cross-border transactions and multi-economy operations to maintain a competitive edge. The future is bright, and with the right focus, we can unlock tremendous growth and success. Our Diplomatic relations with various countries, geopolitical issues, focus on reforms and not over-regulation, political and social stability are few factors that can impact the speed. Please feel free to share your views and opinions 👍 Amol Dethe, you were awesome as a moderator, appreciate 👍 Sanjay Kumar Ojha, great show it is and I always appreciate the way you and team ETCFO conduct with choice of topics and speakers. I learned a lot and truly enjoyed, thank you 👍

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It was great to share my thoughts on the CFO's role in Cybersecurity Risk Management at the IMA 2024 CFO Strategy Roundtable. Thank you IMA India and Adit Jain for the opportunity to connect, share and learn from an esteemed group of CFOs from Corporate India! #CFO #cybersecurity #riskmanagement #paloaltonetworks

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In this blog, my collegues Akshay Rajput Kriti Gupta and Ronak Doshi delve into the current state of the #PrivateEquity market, identify the strategic priorities reshaping PE firms' approaches, and explore the transformative role of #technology and service providers in this sector. Read: https://okt.to/Z9HWY0

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