ICAI Launches New Program On Family Enterprise and Introduces AI Plateform 'CA-GPT'
The Institute of Chartered Accountants of India (ICAI) is set to launch its first advanced residential flagship programme, Advanced Flagship Program: Empowering Trusted Advisors—Unlocking the Potential of Family Enterprises (Residential), from January 7 to January 11, 2024. The program will be conducted at the ICAI Centre of Excellence, Hyderabad, under Nupur Pavan Bang, the Centre’s director-cum-dean.
Also, ICAI has introduced CA-GPT, an AI-driven tool designed to provide students and members with access to ICAI’s comprehensive database, which includes study material, question banks, books, and company information. Unlike open databases, CA-GPT retrieves answers exclusively from ICAI’s internal resources.
To Advance AI literacy, ICAI conducted 200 five-day AI-focused courses in 2024. Additionally, ICAI aims to transform the Chartered Accountants from job seekers to job creators.
Read also: ICAI Revises CA January 2025 Foundation Exam Dates
ICAI also plans to establish 11 Centres of Excellence across India, with three already operational in Hyderabad, Jaipur and Kolkata. Over the next three years, additional centres will be set up in Bengaluru, Sonipat (Haryana), Maharashtra and other regions.
Advanced Flagship Program Highlights
The programme, limited to 50 participants on a first come, first served basis will target enhancing Chartered Accountant’s capabilities to handle family business challenges. Applicants can register via ICAI’s official website, and their eligibility will be evaluated by ICAI experts.
The curriculum features practical sessions, including real-world case studies, simulations, and group activities. The schedule includes
Day 1: Understanding family business
Day 2: Nurturing the next generation and succession planning
Day 3: Establishing robust family governance
Day 4: Managing conflicts in family business
Day 5: Growth strategies, fundraising and ownership structuring
The registratio fee for the program is Rs 50,000 plus 18% GST, covering accomodation and meals at the Hyderabad Centre of Excellence. Based on the performance of the initial batch ICAI will introduce new batches in future.
