The Institute of
Chartered Accountants of India to set Newer Benchmarks while taking Accountancy
beyond Professional Footprints during ITS 65th Year of Existence
The
Institute of Chartered Accountants of India (ICAI), India’s premier and world’s
second largest accounting body, has entered its 65th year of existence. The
Institute celebrated its 64th Foundation Day here yesterday as the ‘CA Day’.
Today, ICAI has over 2 lakh members and more than 11 lakh students; and is well
on its way to set newer benchmarks while taking accountancy beyond professional
footprints.
Shri
Subodh Kumar Agrawal, President, ICAI, has said that the Institute since its
inception has grown in size and stature by leaps and bounds. The phenomenal
growth in the membership base is a reflection of the confidence and trust which
the industry and public at large has in this glorious profession and it is that
trust which motivates more and more people to be a part of this wonderful
family. Role of the accounting profession in evolving and lending credibility
to financial systems has been very critical, and, so recognized worldwide. ICAI
firmly believes that having a strong accounting profession is a key to having a
strong financial infrastructure in a country and it directly reflects the
ability of the country and of individual companies.
Minister
of Corporate Affairs, Shri Sachin Pilot, has also emphasized the importance and
the role of ICAI. He has said the accounting profession has a long and
distinguished history of guarding the integrity of a company’s financial
statements. They must live up to their history to remain inquisitive, skeptical
and rigorous in their application of highest standards. Shri Pilot has further
said that the accounting profession is concerned with adding value to economies
and in particular creating an investment climate of trust. The profession has
moved much beyond merely performing an accountants role to the corporate and is
contributing to the Government and various regulators in its committees, be it
the capital markets, the reforms in the government accounting or issues of
emerging paradigm and is truly adding value to the process of economic and
social development in country.
The
Institute has reiterated to uphold the pride of this noble profession and is
well poised to take on the challenges of the future.
0 comments:
Post a Comment