CHARTERED ACCOUNTANCY PROFESSION - COMMITTED TO TRANSPARENCY AND FINANCIAL DISCIPLINE
The profession of Chartered Accountants is growing leaps and bounds with large number of opportunities knocking at our doors; and still a larger number of actual professional opportunities
have culminated into professional assignments bringing a new stream of reputation, responsibility and commitments of the profession as the custodian and watchdog of transparency and financial discipline. The latest announcement of more than 7.5% GDP growth and more than 16% industrial growth are indicative of directions that Indian economy will become the 3rd largest economy in the world within the next 10 years. Every growth opportunity comes with a big challenge. The profession of chartered accountants is also passing through challenging times. Satyam kind of aberrations have brought the challenges to the profession of Chartered Accountants to the fore . The Institute of Chartered Accountants of India, The All India Chartered Accountants’ Society and each and every member of the profession of Chartered Accountants is deeply committed to transparency, financial
discipline and corporate governance of the highest level. The growth of the profession has brought in enemies of the profession into action. These enemies are both within and outside the profession and we as a professional community needs to fight with these enemies very strongly and with hard hand. The Chartered Accountants community also needs to ensure that the profession is distinguished
from business. Our aim is not to increase the top line or bottom line of our profession in terms of financial figure. The real achievement is reputation, recognition and excellence. This comes at a cost.
The delivery of professional service has to be handled in a highly professional manner and without fear and favour. We need to be committed to eradication of corruption, transparency, complete financial discipline, proper documentation, adequate disclosure and adherence to basic corporate governance by educating our clients and the society. We do not dither towards a wrong path due to
fear of losing professional assignments or by greed of making fast buck or larger money. The
most important being continued and well sustained professional reputation which will bring all that we need from our life as a profession. The opportunities of making adequate money are immense
on the right path itself and we need to ensure that all Chartered Accountants as a community remain committed to the right path. It is also important to ensure that no loose talks or loose communication or false allegations are percolated in the society and wherever we encounter certain people resorting
to such methodology creating unwarranted menace, we need to control them and tame them to the right direction. In case we have any major issues which may have impact on the profession's reputation, the same should be discussed open heartedly with the top leadership with a positive bent of mind; the leaders of profession too need to be honestly committed to bring a rightful solution or at
least work sincerely in resolving such issues.
have culminated into professional assignments bringing a new stream of reputation, responsibility and commitments of the profession as the custodian and watchdog of transparency and financial discipline. The latest announcement of more than 7.5% GDP growth and more than 16% industrial growth are indicative of directions that Indian economy will become the 3rd largest economy in the world within the next 10 years. Every growth opportunity comes with a big challenge. The profession of chartered accountants is also passing through challenging times. Satyam kind of aberrations have brought the challenges to the profession of Chartered Accountants to the fore . The Institute of Chartered Accountants of India, The All India Chartered Accountants’ Society and each and every member of the profession of Chartered Accountants is deeply committed to transparency, financial
discipline and corporate governance of the highest level. The growth of the profession has brought in enemies of the profession into action. These enemies are both within and outside the profession and we as a professional community needs to fight with these enemies very strongly and with hard hand. The Chartered Accountants community also needs to ensure that the profession is distinguished
from business. Our aim is not to increase the top line or bottom line of our profession in terms of financial figure. The real achievement is reputation, recognition and excellence. This comes at a cost.
The delivery of professional service has to be handled in a highly professional manner and without fear and favour. We need to be committed to eradication of corruption, transparency, complete financial discipline, proper documentation, adequate disclosure and adherence to basic corporate governance by educating our clients and the society. We do not dither towards a wrong path due to
fear of losing professional assignments or by greed of making fast buck or larger money. The
most important being continued and well sustained professional reputation which will bring all that we need from our life as a profession. The opportunities of making adequate money are immense
on the right path itself and we need to ensure that all Chartered Accountants as a community remain committed to the right path. It is also important to ensure that no loose talks or loose communication or false allegations are percolated in the society and wherever we encounter certain people resorting
to such methodology creating unwarranted menace, we need to control them and tame them to the right direction. In case we have any major issues which may have impact on the profession's reputation, the same should be discussed open heartedly with the top leadership with a positive bent of mind; the leaders of profession too need to be honestly committed to bring a rightful solution or at
least work sincerely in resolving such issues.
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