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ICAI invites Expressions of Interest from AI companies – CA Cult

ICAI invites Expressions of Interest from AI companies

ICAI invites Expressions of Interest from AI companies

The AI Committee of The Institute of Chartered Accountants of India (ICAI) invites unconditional Expressions of Interest (Technical Proposals) from experienced AI companies that have developed AI tools for finance, accounting, tax compliance, legal document drafting, and AI similar services.

The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, namely, The Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949). It is responsible for regulating and developing the profession of Chartered Accountants in the country. The Institute operates under the administrative control of the Ministry of Corporate Affairs, Government of India. As the largest professional body of Chartered Accountants in the world, the ICAI has a long-standing tradition of serving the Indian economy in the public interest. With approximately 4 lakh members and over 9 lakh students, the ICAI boasts 176 branches across India and 50 overseas chapters globally.

The AI Committee of The Institute of Chartered Accountants of India (ICAI) invites unconditional Expressions of Interest (Technical Proposals) from experienced AI companies that have developed AI tools for finance, accounting, tax compliance, legal document drafting, and AI similar services. These companies are invited to submit their unconditional EOIs online. These AI tools should be beneficial for members in industry, business, practice, students, and ICAI stakeholders in their daily work.

Interested Companies are requested to provide detailed proposals outlining the functionality, benefits, and integration capabilities of their AI solutions.

Submission Deadline (Online)
EOI must be submitted by Monday 20th June 2024 (5 PM) on https://ai.icai.org/eoi.php

Process of Evaluation:
The AI Committee will evaluate the technical proposals and invite the shortlisted Companies to present their POCs/demonstrations. The selected Companies will then be asked to submit their financial proposals for the empanelment of AI tools service providers. AI in ICAI will sign agreements and list these providers in the AI Hub for the benefit of ICAI stakeholders.

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