Page 38 - DCICAI SOUVENIR 2018

THE GLOBAL

OPPORTUNITIES

FOR CHARTERED

ACCOUNTANTS IN THE

DIGITAL ERA

CA K.Raghu, former Board Member of the International Federation of Accountants,
the apex body of accountants , says that the Chartered Accountancy profession
is an exciting one, recession proof, provides good job security even during times
of crisis. CA K.Raghu who served as the President of the Institute of Chartered
Accountants of India during 2014-15 outlines the challenges and opportunities for
Chartered Accountants in the Digital era.

oday, innovation in technology has this new technology. While Cloud Computing
impacted the accounting profession in is undoubtedly beneficial for mid-size to large
a big way. The Internet is becoming all companies, it is not without its downsides,
Tinvasive – pushing the global economy especially for smaller businesses.
to go digital. As the profession races to build
capacity and develop specialty practice areas, • Big Data – It has the potential to transform
many professionals have started exploring almost every aspect of business – from
new areas and contribute in sectors like Data research and development to sales and
Analytics, Artificial Intelligence, Robotics marketing - and to provide new opportunities
Process Automation, Cloud Computing , Block for growth. Trained to structure, gather and
Chain etc., analyse financial information, accountants
and finance professionals can apply their core
The Indian CA qualification is well recognized skills to non-financial and other datasets - and,
in many countries and we find that many young crucially, help make Big Data smaller and more
Indian CA’s are able to take up attractive global structured.
careers and start work immediately. The
Indian CA’s are highly sought after around the • Technology Consulting - Cyber Risk
world because of their skill sets and high quality Services which include Cyber Strategy &
of education. Management, Cyber Intelligence and Cyber
Analytics are gaining ground due to advent of
Global Opportunities mobile technology, Cloud Computing and Social
Media. Chartered Accountants as Technology
• Cloud Accounting - Storing data on remote Consultants are in demand as they can help
servers - opens up opportunities by making businessmen in re-aligning their business to
geography unimportant. Once accounts are the dynamic economic conditions.
entered in the cloud, you can work on them
anywhere - in your office, at the airport, in • ERP Implementation - Chartered
your home 500 miles away. Cloud Computing Accountants are playing a key role as functional
is now evolving like never before, with consultants in fresh deployment of ERP
companies of all shapes and sizes adapting to packages, upgrading to new and improved

38 | DCICAI - 5th INTERNATIONAL CONFERENCE