The Institute of Chartered Accountants of India (ICAI), celebrated its 65th Foundation Day recently in the Capital. Sachin Pilot, Union Minister of State For Corporate Affairs was the chief guest.
On addressing the audience, Pilot said: “The accounting profession has a long and distinguished history of guarding the integrity of company’s financial statements. They must live up to their history to remain inquisitive, sceptical and rigorous in their application of highest standards.”
A special address was delivered by Dr C Rangarajan, chairman, economic advisory council to the Prime Minister. He said: “Success of the economy depends on the optimum utilisation of resources. Chartered Accountants play critical role in the effective functioning of the economy. Today the accounting profession is playing a direct and more pro-active role in formulation of economic policies and guiding implementation thereof.”
TKarthikeyan, secretary, ICAI and the host of the event said: “ICAI has over two lakh members and more than 11 lakh students and is well on its way to set newer benchmarks while taking accountancy beyond professional footprints.”
CA Subodh Kumar Agrawal, president, ICAI said, “The role of accounting profession in lending credibility to financial systems has been very critical. 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.”