The Institute of Chartered Accountants of India (ICAI) has signed a memorandum of understanding (MOU) with the Department of Skill Education, Central Board of Secondary Education (CBSE).
This is to promote commerce-based skill courses, particularly in the banking, financial services and insurance (BFSI) sector.
The collaboration is expected to open new avenues for students to pursue careers in accountancy and finance.
It aims to enhance the skills and employability of students through specialised courses aligned with industry requirements.
The ICAI will offer expert inputs on course content, study materials, syllabus development, training modules and career guidance.
It also plans to conduct enrichment activities and participate in workshops and training sessions organised by the CBSE.
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By GlobalDataBesides, the ICAI and CBSE will jointly hold awareness programmes for school principals, teachers and management teams of CBSE-affiliated schools across India.
These sessions will promote commerce-based skill courses under the BFSI sector and emphasise the importance of these courses for students’ career development.
The CBSE will also organise capacity-building initiatives for teachers of commerce-related subjects to enhance their ability to teach these courses effectively.
ICAI president Ranjeet Kumar Agarwal said: “The signing of this MOU with the CBSE is a significant step towards enhancing the skill development ecosystem for students across the country. Through this collaboration, ICAI aims to promote commerce-based skill courses and ensure that students are equipped with relevant, industry-aligned competencies.
“This partnership reflects our commitment to bridging the gap between academic learning and professional requirements, and we are confident that it will open new avenues for students to pursue rewarding careers in accountancy and finance.”
The ICAI has signed 85 MOUs with various universities, colleges and educational organisations, strengthening partnerships that foster academic excellence, research innovation and knowledge exchange.
Earlier this month, ICAI president Ranjeet Kumar Agarwal noted that while AI could result in job losses across various sectors, the roles of chartered accountants (CAs) will remain secure.
He emphasised the growing global focus on sustainability reporting, urging CAs to expand their expertise into non-financial domains.
