The Institute of Chartered Accountants of India (ICAI) has partnered with the Central Board of Secondary Education (CBSE) through a Memorandum of Understanding (MoU) to enhance skill-based education in the commerce sector. The collaboration, signed on 21st November 2024 in Bhubaneswar, Odisha, aims to develop specialized courses in the Banking, Financial Services, and Insurance (BFSI) sector. ICAI will contribute expertise in course content, syllabus, study materials, and career guidance to help students acquire industry-relevant skills. Both organizations will jointly organize awareness programs and capacity-building workshops for teachers and school principals to promote these courses. This initiative is part of ICAI’s broader effort to bridge the gap between academic learning and industry requirements, ensuring students are better prepared for careers in accounting and finance. ICAI has previously signed 85 MoUs with educational institutions to promote skill development.
Institute of Chartered Accountants of India
Public Relations Committee
The Institute of Chartered Accountants of India
22nd November 2024
ICAI Press Release
ICAI Joins Hands with CBSE to Revolutionize Skill-Based Accounting Education
The Institute of Chartered Accountants of India (ICAI) through its Committee on Career Counselling signed a MoU with the Department of Skill Education, Central Board of Secondary Education (CBSE) on 21st November 2024, at Bhubaneswar, Odisha, to promote commerce-based skill courses for students across the country. The partnership aims to foster cooperation between ICAI and CBSE to advance commerce-oriented skills, specifically in the BFSI sector. The prime focus will be on enhancing the skills and employability of students through specialized courses designed to align with industry requirements.
ICAI will provide expert inputs on course content, syllabus development, study materials, training modules, and career guidance. The Institute will also conduct enrichment activities and participate in workshops and training sessions organized by CBSE, with a particular emphasis on sensitizing educators and students about career opportunities in accountancy and related fields.
On this historic occasion, CA. Ranjeet Kumar Agarwal, President, ICAI said, “The signing of this MoU with the CBSE is a significant step towards enhancing the skill development ecosystem for students across the country. Through this collaboration, ICAI aims to promote commerce-based skill courses and ensure that students are equipped with relevant, industry-aligned competencies. This partnership reflects our commitment to bridging the gap between academic learning and professional requirements, and we are confident that it will open new avenues for students to pursue rewarding careers in accountancy and finance.”
As part of this collaboration, ICAI and CBSE will jointly conduct awareness programs targeting school principals, teachers, and management teams of CBSE-affiliated schools across India. The programs will focus on promoting commerce-based skill courses under the BFSI sector and highlight the importance of these courses for students’ career development. Additionally, CBSE will organize capacity-building initiatives for teachers of commerce-related subjects to equip them with the necessary skills and knowledge to effectively teach these courses.
The Institute actively engages in strategic collaborations with educational institutions and till date, it has entered into 85 MoUs with a diverse range of universities, colleges, and educational organizations. These partnerships are designed to foster academic excellence, research innovation, and knowledge exchange, ultimately contributing to the development of a highly skilled and educated workforce.
About ICAI
The Institute of Chartered Accountants of India (ICAI) is a statutory body set up by an Act of Parliament under the Chartered Accountants Act, 1949 for the regulation and development of the profession of Chartered Accountancy in India. The Institute functions under the administrative supervision of the Ministry of Corporate Affairs, Government of India. With around 9.85 lakh students and over 4 lakh members, today ICAI is the largest professional accountancy body in the world. ICAI has a wide network of 5 Regional Councils and 177 Branches within India and a global presence with 52 Overseas Chapters and 29 Representative Offices spanning 81 cities across 47 Countries worldwide.
