JAIN (Deemed-to-be-University) and the Institute of Chartered Accountants of India (ICAI) have formalised their collaboration with a Memorandum of Understanding (MoU) to signify an advancement in commerce and accountancy education. This MoU was inked on January 22nd during the National Education Summit on Commerce and Accountancy (NES-CA) 2024, which aims at advancing shared objectives and cultivating a strong partnership in the domains of commerce, accountancy, and finance, as per the official announcement.
The event where the MoU was signed was adorned with the presence of Chief Guest Prof. Deepak Kumar Srivastava, vice-chairman of the University Grants Commission, New Delhi, alongside CA. Aniket Sunil Talati, president of ICAI, CA. Ranjeet Kumar Agarwal, vice president of ICAI, CA. Vishal Doshi, Chairman of the Board of Studies, CA. Dayaniwas Sharma, vice-chairman of the Board of Studies and faculty members from JAIN (Deemed-to-be-University).
This collaboration is primarily aimed at expanding academic cooperation in specialised commerce courses including B.Com, B.Com (Hons.), M.Com, Certificate and Diploma programmes. This partnership aims to fuse CA coaching into the B.Com curriculum to enhance the quality of commerce education and position JAIN University’s School of Commerce as a premier institution to offer BCom with CA coaching, not only in Bangalore but nationwide. Through this collaboration, ICAI and JAIN will develop collaborative programs to foster intellectual and cultural growth within their academic domains, creating a mutually beneficial alliance, the statement added.
As part of the MoU, ICAI will conduct specific training sessions in accordance with the New Education Policy, 2020 and organise special sessions for students conducted by the Chartered Accountants fraternity. Additionally, the MoU will facilitate a faculty development programme with a focus on promoting the evolving teaching practices relevant to the domain as well as motivating the faculty to achieve a competitive teaching and learning environment. This programme will be led by ICAI, which will nominate up to two experts per subject to enrich the governance structure of both institutions. Additionally, The University will now recognise Chartered Accountants Qualification as equivalent to a Post Graduate Degree for admission to Ph.D. in Management or Commerce and allied programmes.
“The collaboration between ICAI and JAIN reflects mutual dedication to elevating the standards of commerce and accountancy education which will create opportunities for academic excellence, and foster stronger institutional ties. We anticipate that this partnership will enhance the curriculum and enrich the teaching-learning processes at the School of Commerce, JAIN (Deemed-to-be University),” Jitendra Kumar Mishra, registrar, JAIN (Deemed-to-be University), said.