Strategic Partnership between Centre for AI Innovation (CEAI), The Institute of Chartered Tax Practitioners in India (ICTPI), and The Institute of Certified Public Accountants (ICPA) India to Revolutionize the Accounting Industry with AI
Revolutionizing Accounting with AI: CEAI, ICTPI, and ICPAI Forge Strategic Partnership
Pune, India, 25 May 2023 – The Centre for AI Innovation (CEAI), a renowned leader in artificial intelligence research and innovation, has joined forces with The Institute of Chartered Tax Practitioners in India (ICTPI) and The Institute of Certified Public Accountants (ICPAI) India to usher in a new era of AI-driven practices in the field of accounting. This strategic partnership aims to bridge the gap between AI and the accounting profession, empowering accountants to leverage cutting-edge technologies and deliver unparalleled value to their clients.
The collaboration between CEAI, ICTPI, and ICPAI represents a significant step towards revolutionizing the accounting industry. By combining CEAI’s AI expertise with the accounting foundation of ICTPI and ICPAI, this partnership aims to enhance the capabilities of accountants and equip them with the necessary skills and knowledge to thrive in an increasingly AI-driven world.
Shanker Damodaran, Managing Partner for CEAI@India, expressed his enthusiasm about the collaboration, stating, “We are excited to partner with ICTPI and ICPAI to accelerate the integration of AI technologies into the accounting profession. By providing accountants with comprehensive AI training and resources, we aim to empower them to leverage AI effectively and stay ahead in this rapidly evolving industry.”
Mohasin Tahasildar, Founder President & CEO of The Institute of Certified Public Accountants (ICPAI), emphasized the transformative potential of AI in accounting. “AI has the power to revolutionize the way accountants operate, enabling greater efficiency, accuracy, and value creation for clients. Our collaboration with CEAI and ICTPI will empower our members to harness the power of AI and stay at the forefront of industry advancements,” said Tahasildar.
Prof M Nazri, Founder/Chairman of CEAI, Global, highlighted the partnership’s focus on innovation and skill development. “This collaboration is a testament to our commitment to foster innovation and equip professionals with the knowledge and tools they need to excel in the age of AI. By combining CEAI’s AI expertise with the accounting acumen of ICTPI and ICPA, we aim to drive positive change and shape the future of the accounting industry,” said Prof Nazri.
The strategic partnership between CEAI, ICTPI, and ICPAI will encompass various collaborative initiatives, including the development of professional AI certification programs, customized software-based training, AI-based content development, joint research projects, workshops, and advocacy efforts. These initiatives aim to empower accountants to harness the full potential of AI, enhance decision-making, increase efficiency, and deliver greater value to clients.
The partnership between CEAI, ICTPI, and ICPAI holds tremendous promise for accountants and the accounting profession as a whole. With the rapid advancements in AI technology, this collaboration will ensure that accountants are equipped with the necessary skills and knowledge to navigate the evolving landscape of the industry.
About The Institute of Certified Public Accountants (ICPA)
The Association of Certified Public Accountants is a professional membership organisation acting as a global umbrella for CPA’s across the world. It is committed to create a class of highly skilled international professionals. Mainly it wishes to develop advisory and consulting skills out of traditional professional accountants, our goal is to develop IPD & CPD courses focusing on enhancing their managerial, leadership, sustainable strategic thinking & problem solving skills apart from accounting, auditing , legal and finance domains. The Institute is incorporated as a company limited by guarantee in England & Wales, and also is managed by The Institute of Certified Public Accountant (India) through a common management www.icpaglobal.org
About Institute of Chartered Tax Practitioners in India (ICTPI)
ICTPI is formed to unite the Tax Practitioners of India into a premier troupe of Chartered Tax Practitioners. It aims to confer uniform qualification & membership that is recognised in respective statutes, to protect the interest of it’s members and fraternity and to become value added professionals in nation building.
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