Chief Minister Naveen Patnaik on Saturday termed the Institute of Chartered Accountants of India (ICAI) as a ‘partner in nation building’ and hoped that it would play a vital role in successful implementation of the Good and Services Tax (GST).
He said this while inaugurating the institute’s two-day National CA Conference with the theme “Chareibeti”!!! “Chareibeti” which means “Moving with Adaptability and Accountability”, hosted by the ICAI, Bhubaneswar Branch here.
“The ICAI has achieved recognition as a premier accounting body not only in the country but also globally, with a strong tradition of service to the Indian economy. At a macro level, the ICAI recommends accounting standards, thus ensuring uniformity in the accounting reporting and helping the people to assimilate how the money is moving. The institute provides its recommendations on various matters relating to taxation, corporate affairs to the Government. In fact, the ICAI is a partner in nation building,” said the Chief Minister.
Stating that Chartered Accountants play an essential role in providing reliable and transparent information to both public and private sectors, Patniak said, “The recent introduction of Goods and Services Tax (GST) has brought about major reforms under indirect taxation and has put a challenge before the Chartered Accountants for its adaptability and acceptability by the business community and people at large. I am sure, the institute and its members will play active role in successful implementation of this important taxation reform.”
Nalco CMD TK Chand attending as another guest of honour hoped that the ICAI would continue to provide its best services in matters of accounting to the Government and people of the country.
The two-day conference is aimed at sensitizing members and professionals in the areas of corporate and taxation laws, accounting and auditing with particular emphasis on corporate governance, CSR activities and information technology through various technical sessions.
About 1,200 delegates from across the country will be participating in the mega event.
Among others, ICAI President NS Vikamsey, Committee for Capacity Building of Members Chairman Rajesh Sharma and Bhubaneswar EIRC Chairman Rashmi Ranjan Mishra were present.