The Institute of Chartered Accountants of India (ICAI) is a statutory body set up by an Act of Parliament namely, The Chartered Accountant Act, 1949. ICAI is the second largest accounting body in the world and is known for education and research in the area of Accountancy, Finance, Taxation, Laws, Strategy and so on.

A Memorandum of Understanding has been recently signed between the Institute of Chartered Accountants of India and Indian Institute of Management, Ahmedabad. IIM Ahmedabad, is a premier management school established in 1961 under the Societies Registration Act, 1860. IIMA is known for its management education across the globe. ICAI and IIMA are the leaders in their respective field.

The objective of this MoU is to establish mutual co-operation between both Institutes for offering and co-hosting open-enrolment and customized training programs exclusively for Chartered Accountants. The MoU will benefit the Chartered Accountants in acquiring number of skills required in today's digitized and fast changing business environment. Participants will be exposed to emerging concepts, technology and business practices in achieving operational excellence.

CA. Naveen N. D. Gupta, President, ICAI said “ Mutual collaboration will bring a new dimension to the area of accounting and management education in the country. Courses conducted under the MoU will provide opportunity for Chartered Accountants to enhance their management skill sets required for key positions in business and industry.”

As a part of mutual cooperation a 5 days Residential Programme - “Advanced leadership programme for Chartered Accountants”, is being organised at IIM Vastrapur, Ahmedabad from Dec 24-28, 2018. The programme aims at providing an opportunity for Chartered Accountants to reflect upon new perspectives, dimensions and strategies to steer organizations towards their goals. It would help the participants to imbibe leadership skills such as articulation, negotiation, conflict resolution, team building and change management.