Professional Documents
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80053cajournal May2024 4
80053cajournal May2024 4
80053cajournal May2024 4
VOICE
1323
EDITORIAL
The Digital Economy’s Impact
on Finance and Business
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IN THIS ISSUE...
ICAI IN ACTION
MEMBERS
1333 IN CONVERSATION
Shri Girish Chandra Murmu, CAG
Global AI Market
AI Impacting Labour Productivity
India’s AI Mission
ICAI’s AI Vision
1424 OPINION
1432 CLASSIFIEDS
VOLUME 72 NO. 11 PAGES 116 MAY 2024 `100
UPDATES
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JOU R NAL OF TH E I N STITUTE OF CHARTE R E D ACCOU NTANTS OF I N D IA
1418 LIFESTYLE
1434 CROSSWORD
FEATURE
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ARTIFICIAL INTELLIGENCE
Harnessing AI: Transforming the Landscape of
Chartered Accountancy
– CA. Dayaniwas Sharma & CA. Umesh Sharma
ARTIFICIAL INTELLIGENCE
1347 The Transformative Role of Artificial Intelligence
in Elevating CA Practice
– CA. Arpit Jain
ARTIFICIAL INTELLIGENCE
1353 Harnessing AI: Shaping the Future of
Work for the Chartered Accountants
– CA. Dhaval Kodilkar
ARTIFICIAL INTELLIGENCE
1358 The Rise of the Machines: How Artificial Intelligence
is Revolutionizing the World of Auditing
– CA. Peeyush Sharma
Contents
THE CHARTERED ACCOUNTANT
Editor-In-Chief
JOINT EDITOR CA. CHARANJOT SINGH NANDA
Joint Editor
MEMBERS CA. VISHAL DOSHI
CA. MANGESH PANDURANG KINARE
CA. PRITI SAVLA
CA. ANIKET SUNIL TALATI
CA. RAJENDRA KUMAR P
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ARTIFICIAL INTELLIGENCE CA. SRIPRIYA KUMAR
Bridging the Gap: Theoretical Advancements CA. (DR.) DEBASHIS MITRA
in AI and Real-World Applications CA. ABHAY CHHAJED
– CA. Manoj Kumar Vandanapu CA. (DR.) ANUJ GOYAL
– Sandeep Kumar
CA. KEMISHA SONI
ARTIFICIAL INTELLIGENCE CA. (DR.) RAJ CHAWLA
1373 AI-Powered Knowledge Management: A CA. HANS RAJ CHUGH
Strategic Blueprint for Implementation CA. (DR.) SANJEEV KUMAR SINGHAL
– Dr. Ragi T S DR. P. C. JAIN
CA. M. DEVARAJA REDDY
CA. BHARAT RATTAN
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TECHNOLOGY
CA. ABHISHEK NAGORI
An Exploratory Study of the Relationship
CA. NILESH BHUPATRAI VASA
between Financial Reporting Transparency
CA. JITENDRA KUMAR AGARWAL
and FVA Reliability: A Machine Learning-
CA. HARI KRISHNA AGRAWAL
Based Approach
– Antima Sharma ICAI EDITORIAL TEAM: KUNAL SHARMA, SECRETARY, EDITORIAL BOARD
– Dr. Nisha Kalra & Dr. G. Soral DR. NEETU SINGH, ASSISTANT SECRETARY
MS. SHIKHA SHARMA BHARDWAJ,
SR. EXECUTIVE OFFICER
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TAXATION
Dream House-Taxation, Legal and Financial THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA
Aspects ICAI Bhawan, Post Box No.7100, Indraprastha Marg,
– CA. Shubham Agarwal New Delhi-110002, Tel: +91 (11) 39893989.
E-mail: eboard@icai.in, Website: www.icai.org
SUBSCRIPTION RATES
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PUBLIC FINANCE
Inland subscribers : `1,000 per annum
Assessment of selected Urban Local Bodies Overseas : $170 per annum
preparedness for Timely Preparation of Annual (subscribers by air mail)
Financial Statements in line with 15th Finance For Overseas Members/Subscribers
Commission • Air Mail Surcharge : ` 5,400 per annum
– Anuradha Goel & CA. Pankaj Goel CA Students : ` 1,400 for 3.5 years
: ` 400 per annum
Other students & faculties : ` 600 per annum
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INSOLVENCY CLASSIFIEDS:
Revolutionizing Resolution: Proposals for
Minimum ` 2,000/- for the first twenty five words or part thereof and
Sculpting India’s IBC 2.0 Framework ` 500/- for five words or part thereof over and above first twenty five words.
– CA. Reshma Mittal Please contact: The Journal Section at ICAI Bhawan, Indraprastha Marg,
New Delhi 110 002 or call at +91-11-30110472 or e-mail at eboard@icai.in
EDITORIAL SUPPORT & DESIGN
1406
FINANCIAL MARKET Druck Media Private Limited
An investigation of the day-of-the-week effect Plot No. 8 Udyog Vihar, Greater Noida,Uttar Pradesh, India- 201306
and month effect in the stock markets of the ICAI RESERVES THE RIGHT TO REJECT ADVERTISEMENTS.
Asia-Pacific Region Printed and published by Jai Kumar Batra on behalf of
– Dr. Sahaj Wadhwa & Deepika Dewan The Institute of Chartered Accountants of India (ICAI)
Editor – CA. Ranjeet Kumar Agarwal
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INTERNATIONAL TRADE Published at The Institute of Chartered Accountants of India, I. P. Marg,
Accounting and Auditing Services and India’s New Delhi - 110002 and printed at Druck Media Private Limited, Plot No.8,
Free Trade Agreements (FTAs): Opportunities Udyog Vihar, Greater Noida, Uttar Pradesh, India- 201306
and Challenges The views and opinions expressed or implied in THE CHARTERED
– Dr. Pralok Gupta ACCOUNTANT are those of the authors and do not necessarily reflect those of
ICAI. Unsolicited articles and transparencies are sent in at the owner’s risk and
the publisher accepts no liability for loss or damage. Material in this publication
may not be reproduced, whether in part or in whole, without the consent of ICAI.
ICAI NEWS DISCLAIMER: The ICAI is not in any way responsible for the result of any action
taken on the basis of the advertisements published in the Journal. The members,
1432
ANNOUNCEMENT however, may bear in mind the provisions of the Code of Ethics while responding
Certificate Course on Concurrent Audit of to the advertisements.
Banks
Total Circulation: 74,908
Total No. of Pages: 116 including Covers
Invitation for empanelment as Examiners for E-Journal circulation (Soft copy): 4,06,970
1433 Chartered Accountants Examinations