In an attempt to cut the growing disparity between the skill-set of Chartered Accountant professionals as against the industry requirements, The Institute of Chartered Accountants of India (ICAI) is in talks with several companies across sectors for developing industry specific training programmes.
We have been talking to companies across sectors like Information Technology (IT) and banks for developing industry specific training programmes as a post qualification option for CA professionals. The idea is to train CA professionals and guide them into specialising in a particular field of their choice or liking, said Ved Jain, vice president, ICAI.
Echoing the words of Jain, Gautam Adani, chairman of Adani Group said, As a diversified group, we hire one of the highest number of CA professionals and are keen to work with ICAI in helping them develop industry specific training programmes in sectors like port, IT, real estate, among others.
Elaborating on the huge demand and supply gap for CA professionals, Jain said that the industry is demanding 2.5 times more CA professionals than the current supply. Last year ICAI saw over 10,000 students passing out the course while the demand this year is way over 20,000 students, he added.
With an emphasis of creating IT savvy CA professionals as per the industry requirements, ICAI has set up computer labs at all its branches across the country. The 116 branch-strong institute has also initiated 100 hours of IT training for the students as part of the curriculum.