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| ICIA organizes Global Commerce Education Summit | | | EARLY TIMES REPORT
Jammu, Dec 5: The Institute of Chartered Accountants of India (ICAI) organized Global Commerce Education Summit on 5th December at New Delhi.
The Conference provided a forum for exchange of thoughts and interaction on various areas of academic and practical interest such as the need for relevant course curriculum, method of imparting education and examination reforms amongst leading academicians in the field of Commerce and Accountancy Education in India and the professional Chartered Accountants.
CA. G. Ramaswamy, President, ICAI, delivered the presidential address and enlightened the gathering on issues relating to financial reforms-IFRS, recent economic laws, about the international capital market and its integration, integrating Accounting and Auditing Standards into university curriculum.
CA. Jaydeep N Shah, Vice President, ICAI also deliberated on various topics including the ICAI initiative in the field of higher education, various certification and post qualification courses, invitation to universities to join hands with ICAI, commerce education for promotion of employment, role of faculty members in developing commerce education etc.
A vote of thanks was presented by CA. Naveen N. D. Gupta, Central Council Member of ICAI
The main objective of the conference was to assess the current state of the commerce and accountancy education in India, to consider the changing environment particularly in view of the introduction of the IFRS, goods and services tax, etc., and integrate the same in the course curriculum so as to produce competent accounting manpower relevant for the Indian business and society.
The aim was also to build synergy between the University education and the professional accountancy education system so as to utilize the strength of each institution to impart relevant commerce and accountancy education in the country.
The objective of the event was also to solicit and attract quality inputs and insights on the issue from the honoured and renowned academicians of the Education in Commerce stream having made a remarkable contribution towards the academic pursuit of the Commerce and Accountancy branch which would necessarily aid the propagation of universal understanding on the imperatives of the theme of the conclave.
The conference dealt with various sub-themes as Impact of Recent Global Developments on Commerce Education, Financial Reforms – IFRS & Indian Accounting Standards, New Economic and Corporate Laws, Integration of International Capital Markets, Convergence of University and Professional Education: Integrating Accounting and Auditing Standards and Education Sector Reforms
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