The Executive Committee of the Institute of Chartered Accountants of India (ICAI) in its meeting held on 8th June 2009 has decided to approve formation of a Directorate of Accounting Technicians (ATs) within ICAI to provide singular and unified focus on the development of Accounting Technicians as an independent certification amongst all stake holders. The Directorate would work towards bringing the eligible candidates under the Accounting Technicians Umbrella and would provide for their regulation and development for the benefit of the industry. This certification program would immensely benefit the small & medium sized enterprises (SMEs) and all those who are looking for the rendering of specialized accounting services other than the audit and assurance function. The certification by a premier accounting body like ICAI would give the added stamp of authority to the holder of such Accounting Technicians certificates.
Worldwide the developed as well as developing economies have this demarcation already in place and the certified ranking ATC would proof very handy for corporate and others who while do not need the services of full fledged chartered accountants for some of the areas and for such niche components of their working, ATC holders would be a boom to bolster their functional prospects.
as icai above said that it will give the added stamp of authority for the holder of accounting technicians certificate, so what is the exact mean of this stamp of authority.pls explain.