The Institute of Chartered Accountants of India (ICAI) is hosting its flagship Global Professional Accountants Convention (GloPAC) from November 24-26, 2023 in Gandhinagar, Gujarat. As one of India’s most highly anticipated accounting and finance events, the convention promises insightful sessions and networking opportunities for finance professionals from across the globe.
GloPAC: Exploring Emerging Trends and Technologies
A key focus of the event is the impact of emerging technologies like AI, machine learning and blockchain on the accounting landscape. Sessions will cover topics like:
i) Leveraging generative AI to transform accounting and enhance analysis
ii) Harnessing technology to improve financial decision-making
iii) The future of fintech and its disruption of traditional financial services
iv) Tools and solutions to automate accounting workflows
Delegates will discover best practices for digital transformation and prepare their firms and clients for the future.
Building Global Opportunities
The convention will also explore avenues for expanding globally and making India a hub for global accounting services. Plenary discussions will provide strategies on:
i) Transforming local accounting firms into global players
ii) Establishing India as a preferred outsourcing destination
iii) Navigating cross-border opportunities and challenges
iv) Learning from ICAI’s overseas chapters across various regions
Specialist Domains for Today’s Accountants
With the profession diversifying into new domains, the event will delve into niche areas like:
i) Business valuation for M&A and investment decisions
ii) Forensic accounting for fraud detection and investigations
iii) Insolvency and corporate restructuring
iv) Sustainability reporting and social audits
v) Risk management and internal controls
The Importance of Ethics and Quality
As trust and transparency become imperative in financial reporting, the convention will emphasize elevating assurance quality and upholding ethics. Discussions with regulators and policymakers will provide insights on:
i) Achieving higher auditing and assurance standards
ii) Promoting integrity and public interest
iii) Bolstering India’s financial governance
Celebrating ICAI’s Legacy and Future
As ICAI celebrates its 75th anniversary, the event will highlight the institute’s contributions while outlining its strategic vision ahead. It will be an opportunity to connect with eminent speakers and network with professionals from India and abroad.
Conclusion
With topics ranging from economic policy directions to technology transformations, ICAI has curated an impactful convention agenda to empower India’s accounting professionals. The event will undoubtedly spark stimulating conversations on emerging challenges and opportunities ahead. As ICAI celebrates 75 monumental years, the convention will reinforce accountants’ vital role in advancing the profession and powering India forward into the 21st century.
Global Professional Accountants Convention (November 24-26, 2023) Gandhi Nagar
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