Indian firms lead AI charge

In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again.

What is the most common use of AI in India firms?

Conducting financial analysis

Following accounting standards

Creating an audit plan

All of the other answers

What is EYQ?

None of the other answers

An AI assistant to be shared with EY clients

An AI audit assistant

An internal conversational AI assistant

In what year did EY start upskilling its workforce in AI?

2023

2024

2025

It will start rolling out training in 2026

Which organisation created the CA GPT platform?

Department of Finance

Institute of Chartered Accountants of India

National Financial Reporting Authority

Reserve Bank of India

How many CAs have so far been trained on the first level of CA GPT?

8,000

82,000

800

20,000

How many CAs should be trained on the first level of CA GPT by the end of March 2025?

82,000

800

20,000

8,000

According to the article, which organisations in particular stand to benefit from CA GPT?

All of the other answers

SMPs

Public sector organisations

Multinational organisations

How much revenue did India's IT sector generate in 2023/24, according to Nasscom?

US$25bn

US$250m

US$250bn

US$50bn

Which of the following statements is true? Statement 1, a lack of integration with different software makes using AI tools challenging, or statement 2, AI tools are most effective when integrated with one type of software

Both statements

Neither statement

Statement 2

Statement 1

Which of the following statements is true? Statement 1, a major benefit of CA GPT is that its users can provide more precise and intelligent training prompts, or statement 2, a major benefit of CA GPT is the high volume of users generating more prompts than other Asian countries with similar programmes