CPA Australia has announced a partnership with the Institute of Chartered Accountants of India (ICAI) aimed at upskilling the next generation of accountants.
This collaboration was highlighted during the World Forum of Accountants (WOFA) hosted by ICAI in India.
The evolving role of accountants and the importance of non-financial accounting were key topics of discussion, the organisations note.
During the WOFA, ICAI’s Central Council approved a proposal allowing Australian members of CPA Australia to practice in India on a reciprocal basis.
This agreement is expected to pave the way for increased cross-border collaboration within the accounting profession.
The two organisations are also in advanced discussions to collaborate on upskilling accounting professionals in non-financial (sustainability) reporting.
In addition, the Business Technology Report 2024, published by CPA Australia in partnership with ASSOCHAM, revealed that more than 70% of survey respondents believe technology adoption has a positive impact on their Environmental, Social, and Governance (ESG) goals.
To facilitate this technological shift and sustainable accounting practices, CPA Australia offers specialised micro-credentialed courses.
These programmes are designed to help accounting and finance professionals develop the necessary skills to thrive in a digital landscape.
They cover emerging technologies such as AI, equipping professionals to meet the growing demand for sustainability reporting.
This initiative is part of a broader effort to maintain high standards within the profession and adapt to changing global trends.
CPA Australia CEO Chris Freeland said: “Our partnership with ICAI reflects our shared dedication to driving forward the future of the accounting profession. Together, we are empowering accountants to navigate emerging challenges, embrace sustainability, and develop the skills needed for success in a rapidly evolving world.”
Earlier in 2025, CPA Australia raised concerns regarding the Australian government’s review of the Compensation Scheme of Last Resort (CSLR) following reports suggesting a levy increase for financial advisers.
The CSLR levy is anticipated to rise by more than 250% in the 2025-26 financial year, from A$1,186 to A$4,516, potentially reducing the accessibility of financial advice for ordinary Australians.
