Audit and global consultancy sector's upcoming prospects discussed at significant gathering organized by ICAI Dubai Chapter

The Institute of Chartered Accountants of India (ICAI) Dubai Chapter has positioned itself as a strategic enabler in the India-Middle East-Africa (IMEA) Growth Triangle. The organisation is aiming to place India on the global consultancy map, as the country holds significant leadership positions in sectors such as automotive, steel, mobile manufacturing, defense, technology, and welfare.

India's dominance extends to digital payments, accounting for 48% of global transactions. This leadership role is set to continue, with India evolving in accounting standards and aiming to become the third-largest economy by 2027, and the second-largest by 2030.

The ICAI Dubai Chapter's commitment to this growth was reinforced at a high-impact event themed "Future of Audit & Global Consultancies". The event, attended by Shri Anurag Thakur, a member of Lok Sabha, served as a catalyst for rekindling a mindset within ICAI.

Shri Thakur emphasised the need for over one million Chartered Accountants to support this growth, especially in the digital payments, startup ecosystem, and modern finance technologies. He lauded ICAI's global footprint, particularly the Dubai Chapter, calling it the largest and most vibrant.

JP Agarwal, Chairman of the ICAI Dubai Chapter, delivered a keynote speech, while Rishi Chawla, Vice Chairman, stated that in a time of AI and automation, it's thinking that will keep them relevant.

The ICAI Dubai Chapter's calendar was unveiled, with the Annual Conference scheduled for November 22-23. The event reinforced ICAI's commitment to contributing significantly to the USD 5 billion Big Four landscape, although there is no information in the search results about the ICAI announcing an intention to acquire a market share in these companies.

The "Big Four" firms are Ernst & Young (EY), Deloitte & Touche, KPMG, and Price Waterhouse Coopers (PwC). This event marked a significant step in the ICAI Dubai Chapter's journey towards becoming a strategic enabler in India's growth trajectory.

Audit and global consultancy sector's upcoming prospects discussed at significant gathering organized by ICAI Dubai Chapter