AI can aid CAs, can't replace human mind: ICAI's Aniket Sunil Talati

AI is going to impact everything that we do, not just auditing and accounting

The Institute of Chartered Accountants of India (ICAI) is planning to operationalise guidelines for multidisciplinary firms by October to make firms future-ready for both financial and non-financial reporting. In an interview with Ruchika Chitravanshi in New Delhi, ICAI President Aniket Sunil Talati talks about upskilling CAs for artificial intelligence (AI) and the need to improve the perception of auditors. Edited excerpts:

We have seen a lot of startups facing accounting lapses and there are governance issues. What is the ICAI’s role in ensuring there are enough checks and balances in place?

It is a little unfair to say that there