The Hindu : Tamil Nadu / Chennai News : Governor wants CAs to maintain highest standards

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Friday, Jul 18, 2008
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Tamil Nadu

Tamil Nadu - Chennai

Governor wants CAs to maintain highest standards

Special Correspondent

— Photo: R. Shivaji Rao

MEMORABLE OCCASION: Governor Surjit Singh Barnala at a function to launch the diamond jubilee celebrations of the Institute of Chartered Accountants of India, in Chennai on Thursday.

CHENNAI: Governor Surjit Singh Barnala on Thursday called upon chartered accountants to maintain the highest standard of professional excellence and ethics while fulfilling their mandate of strengthening the economy.

Formally launching the diamond jubilee celebrations of the Institute of Chartered Accountants of India (ICAI) under the auspices of its Southern India Regional Council (SIRC), Mr. Barnala said that on financial matters, the government and the common man reposed faith in CAs, and this trust required the practitioners to uphold high standards of ethics and independence.

The ICAI, founded in 1949, has been playing a pivotal role in the overall economic development of the nation. “This reveals the importance given by the government to audit and accounts in general, and to the profession of accountancy in particular.” Mr. Barnala appealed to the ICAI, which “owed a debt to society,” to add value to the government’s initiatives for ensuring good governance and better quality of life for citizens.

Noting that the number of students enrolling for the chartered accountancy course had increased considerably, he said the institute should maintain the standard of coaching that would equip the candidates to compete globally.

Computer training

Mr. Barnala lauded the institute’s efforts at offering computer training to its members and students against the backdrop of blossoming opportunities in e-commerce and e-governance.

The Governor felicitated the ICAI’s founding year members and past SIRC presidents. P. Rajendra Kumar, SIRC chairman, said the diamond jubilee marked an occasion to engage in remembrance (of the founding stalwarts) and knowledge sharing and enhancement. An important mandate was to integrate the Indian economy with the global economy and set international standards in accounting, auditing and governance systems. He also urged chartered accountants to look beyond taxation and finance and assume the role of business advisors.

M. Devaraja Reddy, SIRC vice-chairman; V. Naresh Chandra Gelli, treasurer; and K. P. Muralidharan, chairman of the student body SICASA, participated.

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