ICAI plans to include AI and blockchain in syllabus, articleship duration may be reduced to two years

The Institute of Chartered Accountants of India (ICAI) plans to introduce artificial intelligence (AI), data science and blockchain in its syllabus as it looks to incorporate new technology in the curriculum. This is something that chartered accountants (CA) usually have never studied.

The institute is also planning to reduce the mandatory articleship duration from three years to two years giving students more time to prepare for examinations.

A total of 111 universities - inclusive of Central, state and Private Universities and 7 IIM’s (Ahmedabad, Bangalore, Kolkata, Lucknow, Kozhikode, Shillong and Jammu) and 2 IIT’s (Bombay and Madras) have recognized CA qualification for registration in PhD. program.

This proposal has been sent to the government for approval but has not been cleared yet. However, if it comes through, this will be a big breakthrough and a change in the institute’s guidelines.

For more details, watch the accompanying video