ICAI introduces Groundbreaking CA GPT Platform featuring Annual Reports of 5,000 Listed Companies

The Institute of Chartered Accountants of India (ICAI), through its Committee on AI at ICAI, has launched the CA GPT-Industry Forum, which includes the annual reports of 5,000 listed companies for the financial year 2023-24. This historic development was publicly unveiled during a Global Live Webinar on November 24th, 2024, attended by over 10,000 Chartered Accountants from around the world.

This powerful GPT integrates approximately 5,000 listed companies’ annual reports into the ICAI CA GPT platform, enabling Chartered Accountants to access and analyse financial data with unprecedented ease.

The reports, which cover a wide range of businesses, are now seamlessly integrated into over 70 GPTs (Generative Pre-trained Transformers) that span several industries, allowing experts to execute complex financial analysis with a single click.

On this development, ICAI President CA. Ranjeet Kumar Agarwal highlighted the Institute’s ongoing efforts to leverage cutting-edge technologies such as AI, Big Data, Machine Learning, and other emerging technologies that are critical tools for accounting, auditing, taxation, management consulting, and other services provided by CAs.

He stated, “Our CA GPT Initiative has already started to have a profound impact.” The launch of CA GPT has been widely acclaimed, providing Chartered Accountants with AI-powered tools for accounting, auditing, and taxation. This industry-specific GPT, which comprises an analysis of annual reports from 5,000 listed companies, will be a great resource, offering members with quick access to insights suited to their industries and professional needs. Furthermore, ICAI is equipping our members with the knowledge and skills needed to harness the transformative potential of AI in finance and accounting through a certificate course that provides professionals with in-depth insights into AI-driven tools, data analytics, and automation techniques, allowing them to navigate and lead in a rapidly changing financial environment.”

Earlier, ICAI launched CA GPT on July 1st, 2024 and made it available free of cost to all Members. CA GPT currently consists of 19 specialized GPTs, including 16 specialized GPTs (of various ICAI Committees), CA GPT – UAE VAT and UAE Corporate Tax, which are dedicated to digitizing tax compliance and planning for members to navigate the UAE’s evolving tax landscape, Constitution of India, which provides quick access to Constitutional insights for enhanced legal compliance work, and the recently launched Industry Forum, which contains annual reports from 5,000 listed companies. As of now, over 70,000 Members are actively using CA GPT and have generated over 2.5 lakh prompts.

In July 2024, the ICAI announced GPT for CA Students, which includes customized tools for the Foundation, Intermediate, and Final levels. It provides past papers, study materials, and the ICAI syllabus to assist students with their preparation. almost 50,000 students are now using the GPT, resulting in almost 2.5 lakh prompts.

Furthermore, to assist members in learning AI, a unique Certificate Course on AI for Members was introduced on July 16, 2024, during the AI Innovation Summit (AIS 2024) in Hyderabad. More than 150 batches of 7500+ members have registered, with 3000+ members having completed the certificate course. The training has received enthusiastic participation from more than 20 states and 80 branches around the country. Foreign ICAI chapters have also expressed interest in the AICA Certificate Course.