The Memorandum of Understanding (MoU) signed between ICAI and IIM Jammu is meant for both the institutions to work symmetrically towards the progress in teaching and advanced training.
The said MoU was signed on 21 February 2020 between the Indian Institute of Management (IIM) Jammu and Institute of Chartered Accountants of India (ICAI) that will improve the overall collaboration and co-operation with regards to providing training programs (especially for Chartered Accountancy aspirants). The MoU will synchronize both the institute’s working bringing in easy progress.
The MoU was authenticated by the signature of President ICAI Mr. Atul Kr. Gupta (from ICAi’s end) and Prof. B.S Sahay, Director IIM Jammu (from IIM’s end).
Personally considering the MoU to be of great benefit to the students and faculty of both the institutes, ICAI president Mr. Atul Kr. Gupta said that “The key mantra for success in today’s world is reskilling of skills with the advent of Artificial Intelligence, Blockchain, Cyber Security and Data Analytics. With the advent of IFRS and GST, our young & experienced CAs need to continuously upgrade their skillsets”.
Also while signing the MoU, Prof. B. S. Sahay, Director, IIM Jammu said that learning is a continuous process and this MoU will lead to an elevating opportunity for new Chartered Accountants in terms of the experience that they need to become successful in their profession. ICAI, with its industry experience, can also contribute towards teaching and joint research collaboration with IIM Jammu.
The Chartered Accountant training programs will be customized abiding by the current requirement from the professions and will be in-line with the ICAI modules on leadership, communication skills, team building, negotiation skills, marketing, data analytics, conflict management and change management.