ICAEW and Microsoft join forces to boost AI capabilities

ICAEW has announced the launch of its GenAI in Professional Practice course, part of the GenAI Accelerator, marking the first phase of a collaboration with Microsoft.

The two have a memorandum of understanding, to enhance AI skills for ICAEW members and their small business clients, through innovative learning content and tailored resources.

ICAEW explained it has developed the course in direct response to growing demand from small and mid-sized firms, who said that the absence of sector-specific support was a key barrier to AI adoption.

The ICAEW said: “A significant proportion of ICAEW members already operate within the Microsoft ecosystem, which makes Microsoft 365 Copilot a highly practical and accessible entry point for GenAI adoption.”

Alan Vallance, ICAEW Chief Executive, explained: “The GenAI Accelerator Programme will be of huge benefit to ICAEW members, and I am delighted that we are working with Microsoft to support members in building practical AI capability.

“Chartered accountancy is changing at pace, and enabling our members to stay at the forefront of technology is a vital part of futureproofing the profession. This collaboration reflects ICAEW’s commitment to helping members adopt emerging technologies in ways that are practical, responsible and aligned with professional standards.

“We look forward to exploring other areas of collaboration with Microsoft.”

For more information about the ICAEW GenAI Accelerator Programme go to: https://www.icaew.com/learning-and-development/icaew-genai-accelerator-programme