They play a major role in collection of revenue : Kharge
CHENNAI: The Union Labour and Employment Minister, Mallikarjun Kharge, on Sunday said that chartered accountants had the responsibility to create awareness among investors through proper disclosures, avoid any conflict of interest and live up to the expectations of society.
Speaking at the ICAI-Southern Regional Convocation-II 2009 function, he said “it is very easy to toe the line of the employer, but difficult to keep the trust and responsibility of investors. You are under a binding obligation to the investors and general public who repose confidence in you. The level of trust reposed in your profession by the government, the investors and society at large need not be over emphasised.”
Sheet anchor role
Mr. Kharge asked the chartered accountants to speak out boldly and fairly, as they commanded great respect and played a sheet anchor role in collection of revenue for the government.
“As a chartered accountant, you have to play a vital role in discharging your duties in an objective, fair and unbiased manner, keeping in mind professional ethics, values and integrity. Each of you must resolve to do something tangible for the development of the great nation,” he said.
Handing over the convocation certificates to eight top rank holders of the final examination held in June 2009, he appealed to them to make use of their core competence and expertise to create more employment opportunities in their workplace, enhance the working conditions of the labour force and their quality of life.
In all, 270 students were presented the convocation credentials by Institute of Chartered Accountants of India (ICAI) said president Uttam Prakash Agarwal.
Out of the 15 rank holders from South, six are from Tamil Nadu. Mr. Agarwal said that the convocation was held in a grand manner to recognise the hard work of the members.
He also announced that they were in the process of signing more Mutual Recognition Agreements (MRAs) with their counterparts in the coming days to enable students to practice in different parts of the world.
V. Murali, Central Council Member, ICAI, and convocation convener said “Indian chartered accountants have emerged as a complete business solution provider and are now recognised globally.”