The Institute of Chartered Accountants of India

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Service Support to SMPs
The Institute of Chartered Accountants of India
A Regulator Standards Setter A
Professional Body An Education Body
125 K Members 300K Students 101 Branches in
India 13 Chapters Abroad
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Case for Support to SMPs
Changing Environment for SMPs
Inherent limitations of SMPs
Challenge Evolve Intervention Strategies
3
Mission

• Our Mission for SMPs
• Provide institutional framework to enable SMPs
  become large without being bigger
• SMP Mission for Themselves
• - Become large while remaining small

Convert into large or Develop capabilities of a
large
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• SMPs
• At the Centre of Institutes Focus

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What do we Aim
Enhance Professional and Organisational
Capabilities

• Develop Skills in Emerging Areas
• Provide Practice Support
• Develop Market and Facilitate SMP Reach
• Develop Knowledge Base for SMPs
• Imbibing SMP Perspective in whole gamut
• Creating Brand for SMPs

6
Promoting Opportunities

• Identification of felt needs for professional
  services
• Conversion of felt needs into professional
  opportunities
• Product development
• Product promotion
• Develop delivery capabilities
• Product marketing

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Capacity Building Through Education

• SMP Needs - A Core Focus in the Educational
  Curriculum
• Post Qualification Courses
• Information Systems Audit
• Technical Material
• Technical Updation
• IT Labs
• Certificate Course on Computer Accounting and
  Auditing Techniques
• Online Learning

• Post Qualification Courses
• Insurance and Risk Management
• Technical Study
• Awareness Programmes
• Orientation Course
• International Trade Laws and WTO
• Global Coverage
• Practical Training
• Dissertation
• Other Courses

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Comprehensive Package for CPE

• SMP Focused Training Calendar
• Structured CPE
• Background Material for Reference Guide
• Extensive CPE Network Huge Spread of POUs
• Use of State of Art Technology
• Online CPE

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Technical Guidance Practice Support

• Research Based Publications
• Guidance Notes on Accounting Issues
• Guidance Notes on Audit Issues
• Expert Opinions on Diverse issues
• Technical Support in Forays in Emerging Areas

• Website Support
• Single Point Guide on Technical Resources
• Digital Certificate
• Common E-mail ids
• Discussion Knowledge Sharing Forum
• Online linkage to Library resources

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Quality Assurance

• Institutionalizing Quality Review
• Peer Review Enhance Credibility of Assurance
  Services Eventual Professional Up-gradation

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Facilitate Networking Among Firms

• Networking to effectively overcome the inherent
  limitation of size
• Help to pool resources
• Share information and knowledge
• Promote practice functionally and geographically

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Key Message

• Weak SMPs pose severe threat to the profession.
  Strong Profession Needs Strong SMPs
• Vast potential for growth of SMPs. Provide them
  enabling framework
• Globalisation warrants global response to SMP
  Concerns

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Thank You
Visit us at www.icai.org