The Institute of Chartered Accountants of India (ICAI) is embracing Artificial Intelligence (AI) to transform accounting practices. the apex body regulating the profession of Chartered Accountancy in India, has been keenly observing and adopting innovations to enhance the efficacy of its members and the services they offer. One such innovation that has been gaining significant traction is Artificial Intelligence (AI).

"AI in ICAI" Committee

The "AI in ICAI" Committee has proposed a roadmap for integrating AI in ICAI's functioning, student and member services, and employee activities for 2024-25. The committee aims to promote AI adoption among ICAI stakeholders through digital knowledge dissemination and interactive educational activities such as webinars, conferences, and training programs.

The first meeting of the "AI in ICAI" Committee was held on 1st March, 2024, signaling the start of AI integration in the accounting industry. with follow on 25th April, 2025.

CA. Dayaniwas Sharma is the Chairman of the "AI in ICAI" Committee, responsible for leading the integration of AI in the accounting profession.

ICAI AI Committee Task

The committee's main tasks include identifying, tracking, and assessing the latest advanced AI tools and recommending their use in ICAI. The committee also engages experts in the field of AI to improve ICAI's operations and develops a research lab in AI.

To integrate AI into ICAI's operations, the committee collaborates with AI startups, tech companies, government, and accounting firms. The committee also obtains membership and participates in internationally renowned organizations in the field of AI to stay up-to-date with the latest developments.

The committee engages with various stakeholders, government agencies, and Self-Regulating Organizations on issues related to AI. It also collaborates with members to leverage their expertise in accounting, taxation, compliance, governance, and the development of an effective financial reporting system using AI.

AI in ICAI: Achievements and Initiatives

The "AI in ICAI" Committee has been actively promoting AI adoption among ICAI stakeholders.

The committee has been organizing various events, including seminars, workshops, and webinars, to achieve this goal.

These events are being hosted by different branches of ICAI across the country.

Some of the notable events organized by the committee include:

• "AI Innovation Summit - AIS 2024" webinars
• "Seminar on AI in ICAI"
• "One Day Workshop on AI"
• "Seminar on AI Integration in CA Practice"

The committee has also provided user manuals and FAQs for ChatGPT and Microsoft Windows Copilot to help stakeholders understand and use these AI tools effectively.

Stakeholders can follow the committee on Twitter and WhatsApp for regular updates on upcoming events and resources related to AI in ICAI.