Course Title: AI for Chartered Accountants (AICA)-Level 1

Participants Chartered Accountants

Dates Batch 6 (Saturday 31st Aug,2024, Sunday 1st September,2024 & Monday 2nd
Sep,2024)
Location ICAI Bhawan, Jaffer Khan Colony Rd, near Planetarium, Cherooty Nagar, Kozhikode, Kerala
673006
Accommodation Participants are responsible for arranging their own accommodations at their own expense
The course will run from 10 AM to 7 PM. Participants are advised to plan accordingly.
Please refer to Annexure A for accommodation details for reference only.
Lunch will be provided by the ICAI Branch at the venue and is included in the course fee.
Pre-Requisites Basic Computer and Microsoft Office Knowledge: Concept of basic Finance, Audit and Statistics,
Problem Solving Skills.
Note: ICAI will provide participants with study materials and learning content in advance.
Participants are required to bring their own laptops.
(Minimum Configuration of Laptop Windows 11, 8 GB RAM, i3 Processor)
Course To develop a foundational understanding of AI concepts, enhance proficiency in using AI tools
Objective relevant to both practitioners and industry professionals, and build AI skills to effectively
leverage AI technologies in professional practices.

Course 3 Days
Duration:
Course Fee 5000+GST/-
Teaching The Teaching methodology in the physical classroom will encompass lectures and presentations,
Methods: interactive discussions, practical exercises, and hands-on sessions. Participants will engage in a
(Physical-Class capstone project for an immersive learning experience, incorporating real-life AI applications in
Room) finance and audit practices. Additionally, group projects and case study analyses will be used to
enhance participant engagement and understanding.
Assessment • Quizzes and Assignments.
Methods: • Group Project presentation.
• Final exam
CPE Hours 18 (Structured)
Certificate AI for Chartered Accountants (AICA)-Level1

Future ICAI plan to Introduce 2 More level of AI Certification Course AICA-Level2 & AICA-Level-3
Roadmap
Assessment Final Test Structure:
Test: Module A: Objective Paper - 30 Marks (10 Marks on Each Day)
Passing Marks- 15 Marks (5 Marks on Each Day)
Module B: 5-Minute Group Presentation of Use Case Demonstration – 20 Marks (4 Participants
per Group)
Passing Marks- 10 Marks
All participants in the batch will be divided into groups of four, based on the alphabetical order
of their first names. Each group will be invited to give a 5-minute presentation starting from 4:00
PM Onwards.
Use cases will be provided to each group in advance tentatively at the end of Day 2, allowing time
for preparation before the scheduled presentations.
 Course Modules
Particular Details
Module 1 Overview of AI & Basic Concepts
(Day-1) Why this course for CA
2 Hrs Block Chain, Cloud Computing, Dx for Accounting,
11 Ethics, Robotic Process Automation (RPA), Internet of things (IoT), World Wide Web.

Module 2 Introduction to AI
(Day-1) Overview of Digital Transformation and AI.
2 Hrs Discussion on use case creation
Overview of emerging technologies.
How digital changes will impact chartered accountants.
Introduction to AI technologies impacting Finance & Audit.
Evolution of AI in professional fields (e.g., machine learning, natural language processing).
Module 3 Machine Learning Basic
(Day-1) Understanding data types and Structure.
2 Hrs Introduction to Machine Learning Concepts.
Basic algorithms relevant to Finance & Audit.
Objective Test-1 Module A: Objective Test Paper -1 (15 Minutes)- Module 1, 2 & 3
(Day-1) Total Marks-10
15 Minutes Passing Marks-5
Mode: Online
Module 4 Dx for Accounting
(Day-2) Tools and techniques for data analysis in Finance & Audit. Case studies on data-driven
2 Hrs decision-making.
Hands-on exercise with a popular Dx for Accounting tool.
AI Use Cases for Members in Practice & Industry.
Module 5 Natural Language Processing (NLP) in Finance & Audit
(Day-2) Generative AI in Finance & Audit.
2 Hrs Understanding NLP and its applications in Finance & Audit.
Automated document analysis and report generation.
Case study: AI-driven tax and regulatory updates.
Practical use cases and demonstrations.
Automation of Transactional processed using AI.
Module 6 AI and ML application in Finance
(Day-2) Practical applications of AI & ML Concepts in the Finance Sector.
2 Hrs Reporting and Dashboard.
Fraud detection through pattern recognition.
Predictive analytics in Financial Forecasting.
Objective Test-2 Module A: Objective Test Paper -1 (15 Minutes)- Module 4, 5 & 6
(Day-2) Total Marks-10
15 Minutes Passing Marks-5
Mode: Online
Use Case Module B: Recording of 5 Minutes Presentation on Use Case Demonstration- 20 Marks
Demonstration Passing Marks- 10 Marks
(Day-2) Participants would be given the Use case at the end of Day-2, So that they can record the 5
Minutes Presentation on Use Case Demonstration and upload the same on ai.icai.org portal by 9
PM on Day-2.
Module 7 Implementing AI Projects in Finance & Audit
(Day-3) Steps for starting AI projects in finance.
2 Hrs Managing AI project lifecycle: from planning to evaluation.
Group project: Designing a small AI solution for Finance & Audit problem.
Module 8 AI in Auditing & Tax
(Day-3) AI tools for risk assessment and compliance.
1 Hrs Continuous auditing and real-time reporting systems.
Module 9 Ethical Considerations and Future Trends
(Day-3) Ethical issues and governance in AI applications.
2 Hrs Responsible AI in alignment with government guidelines.
Future trends in AI and Finance & Audit.
Recap and examination.
Include ISO 42001 for AI in business society.
Consider ISO 23894:2023 for AI risk.
Use case All participants in the batch will be divided into groups of four, based on the alphabetical order of
Presentation 5 their first names. Each group will be invited to give a 5-minute presentation starting from 4:00
Minutes per team PM Onwards.
of 4 people Use cases will be provided to each group in advance tentatively at the end of Day 2, allowing time
(Day-3) for preparation before the scheduled presentations.
120 Minutes
Certificate Certificate Distribution
Distribution
(30 Minutes)
6 PM Onwards
 Annexure A: Hotel List for Reference of Participants

S. Hotel Name Contact Distance Daily Tariff with

No. from venue Breakfast
1 Hotel Calicut Tower Mr. Renju 500 Mts Single occupancy
Markaz Complex Mob: Rs. 1800/- + GST
Indira Gandhi Rd, 9495677777 Double Occupancy
Opposite New Bus Stand, Rs. 2400/- + GST
Kozhikode, Kerala 673004

2 Hotel Hyson Heritage Mr. 1 km Single occupancy

Bank Rd, Mavoor Road Junction, Gopalakrishnan Rs. 2550/-+ GST
Tazhekkod, Kozhikode, Mob: 89431 Double Occupancy
Kerala 673001 15511 Rs. 3315/- + GST

3 Hotel Paramount Tower Ms. Ajin 2.5 km Single occupancy

Town Hall Road, Mob: 97442 Rs. 2240 /- + GST
Near 2nd Railway gate, Mananchira, 33673 Double Occupancy
Kozhikode, Rs. 2800 /- + GST
Kerala 673001

Disclaimer: The above list is provided for the convenience of outstation participants.
Participants are free to choose any accommodation of their preference. ICAI is not
responsible for any accommodation-related issues.
For inquiries regarding local accommodations, please contact the Kozhikode Branch at
(9388442112) or email [email protected]