ICAI is set to launch a new short-term accounting course by July 1 (CA Day) to train “Corporate Mitras”

New ICAI course to build cadre for supporting small businesses

The Institute of Chartered Accountants of India (ICAI) will have a new accounting course ready for launch by 1 July that will help prepare professionals to deliver cost-competitive servi-ces to small businesses, espe-cially in non-metros and small towns, according to its new president Prasanna Kumar D.

Kumar said that a 21-mem-ber committee, including the self-regulator’scouncil mem-bers and external profession-als, are currently designing the modular course in consulta-tion with the ministry of cor porate affairs and the ministry of micro, small and medium enterprises (MSMEs).

“The scheme will be ready for launch by 1 July, desig nated as the CA (Chartered Accountants) Day but the deci-sion to roll out rests with the government,” Kumar told Mint in an interview. The intention to launch such a course was announced by finance minister Nirmala

Prasanna Kumar D., ICAI’s new president.

Sitharaman in her budget speech this year.

Chartered Accountants Day is celebrated on 1 July every year to mark the establish ment of the ICAI in 1949.

Sitharaman said the govern-ment will enable professional institutions such as ICAI to design short-term courses and practical tools to develop a cadre of ‘corporate mitras’, especially in tier-2 and tier-3 towns. These accredited para-professionals will help small businesses meet compliance requirements at affordable

costs, she said on 1 February.

The course curriculum, duration and eligibility are being worked out, said Kumar. “This course will offer a great employment opportunity for candidates,” Kumar, who took charge as ICAI president in February, said.

The corporate mitra frame-work is expected to play a transformative role in bridg-ing the last-mile compliance gap for MSMEs, said Rajat Mohan, senior partner at char-tered accountancy firm AMRG & Associates.

“By deploying trained para-professionals under the aegis of institutions such as the ICAI, the initiative will make basic compliance advisory, return filing support, and doc-umentation assistance far more accessible and afforda-ble,” said Mohan. According to him, this is relevant in cities and towns. “Such support can improve voluntary compli-ance, reduce errors, and encourage informal busi-nesses to transition into the formal economy,” he said.

For an extended version of the story, visit livemint.come Institute of Chartered Accountants of India (ICAI) will have a new accounting course ready for launch by 1 July that will help prepare professionals to deliver cost-competitive servi-ces to small businesses, espe-cially in non-metros and small towns, according to its new president Prasanna Kumar D.

Kumar said that a 21-mem-ber committee, including the self-regulator’scouncil mem-bers and external profession-als, are currently designing the modular course in consulta-tion with the ministry of cor porate affairs and the ministry of micro, small and medium enterprises (MSMEs).

“The scheme will be ready for launch by 1 July, desig nated as the CA (Chartered Accountants) Day but the deci-sion to roll out rests with the government,” Kumar told Mint in an interview. The intention to launch such a course was announced by finance minister Nirmala

Prasanna Kumar D., ICAI’s new president.

Sitharaman in her budget speech this year.

Chartered Accountants Day is celebrated on 1 July every year to mark the establish ment of the ICAI in 1949.

Sitharaman said the govern-ment will enable professional institutions such as ICAI to design short-term courses and practical tools to develop a cadre of ‘corporate mitras’, especially in tier-2 and tier-3 towns. These accredited para-professionals will help small businesses meet compliance requirements at affordable

costs, she said on 1 February.

The course curriculum, duration and eligibility are being worked out, said Kumar. “This course will offer a great employment opportunity for candidates,” Kumar, who took charge as ICAI president in February, said.

The corporate mitra frame-work is expected to play a transformative role in bridg-ing the last-mile compliance gap for MSMEs, said Rajat Mohan, senior partner at char-tered accountancy firm AMRG & Associates.

“By deploying trained para-professionals under the aegis of institutions such as the ICAI, the initiative will make basic compliance advisory, return filing support, and doc-umentation assistance far more accessible and afforda-ble,” said Mohan. According to him, this is relevant in cities and towns. “Such support can improve voluntary compli-ance, reduce errors, and encourage informal busi-nesses to transition into the formal economy,” he said.