The Ministry of Corporate Affairs, alongside the Indian Institute of Corporate Affairs, held a workshop on 27 August 2026 to explore how shared digital systems can strengthen India’s professional services sector. The event brought together government officials, technology companies, audit and consulting firms, and academics to discuss building better digital infrastructure for accountants, auditors, compliance professionals and consultants across the country.
What was discussed
The workshop examined four main areas. First, it looked at how a government-backed shared digital ecosystem could help audit, compliance and consulting firms, especially smaller ones, access better technology and training without disrupting existing systems. Second, it considered what role technology companies could play in building cloud infrastructure, artificial intelligence tools, data analytics and cybersecurity features for this ecosystem. Third, it explored whether India’s regulatory technology systems could work better together by adopting common standards. Fourth, it discussed practical ways to help firms at different levels of digital readiness adopt technology solutions.
These discussions built on work already started by the Ministry. In April 2026, the Ministry set up a Sub-Committee on Digital Public Good to examine how to spread technology adoption across professional services. The Sub-Committee submitted its report in May 2026. It recommended creating a three-layer framework: access to curated technology; learning and capability development; and knowledge and practice resources.
Speakers emphasised that such an ecosystem should build on existing systems rather than duplicate them, maintain openness and competition, and remain responsive to firms at different stages of technological development.
What this means for you
If you work in audit, accounting, consulting or compliance, this initiative could eventually give you better access to advanced technology tools and professional training, whether you work for a large firm or a small practice. The goal is to help Indian professional services firms compete more effectively in an increasingly technology-driven world, while ensuring that smaller firms are not left behind in adopting new digital capabilities.