Speaking at the ground breaking ceremony of the Institute of Chartered Accountants of India (ICAI) building in Ernakulam, Kerala, the vice-president said that one has to deal with many complex rules and regulations while dealing with issues like accountancy and finance. Everyday life.
“There is a need to improve financial literacy among the public and I urge professionals like Chartered Accountants (CA) to work towards this by explaining financial rules and regulations in simple and easy language for the greater good of the public.”
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In this regard, he praised the government’s efforts to facilitate the business environment through reforms such as GST and called on CA professionals to play an active role in this regulatory transformation, from the policy-making process to grassroots implementation.
The Vice President said, “Chartered Accounts has a responsibility to guide the business community to comply with the rules and regulations.” Seeing a few black sheep bring disrepute to the entire business community, he advised the students to work hard, be disciplined and follow the rules. “If you have skills and abilities and add character to it, you can become proficient in any field,” VP Naidu said, citing examples of Kerala nurses who have earned a good name around the world for their hard work.
Praising the role of chartered accountants in the country’s economic development, Vice President Naidu called them “proud partners in nation building”. Noting that with the changing times there are new dilemmas for their profession, he called on them to show moral choices, values and practice in decision making.
“With the hard work and dedication of its staff and members, ICAI has emerged as one of the most respected institutions for education and professional excellence,” he said. Praising ICAI for becoming the world’s second largest accounting firm, Naidu said he was happy that its members were about 27.85 per cent women and 42.30 per cent female students. “It’s a healthy trend and it needs to be sustained,” he added.
Appreciating the services provided by the Ernakulam branch of ICAI for the last 54 years, the Vice President hoped that the proposed building would cater to the academic and professional needs of students in the region.
Calling chartered accountants among the most sought-after professionals in finance, accounting and auditing, VP Naidu wanted them to keep up with the latest developments in their field with new technologies. “The new generation of chartered accountants needs to be highly technical, adaptable and adaptable,” he said.
The ultimate goal of all technology and all professions is to make people’s lives happier and more comfortable, reiterating the example of Vice President Jam Trinity and how DBT has changed the lives of millions of poor people in our country. “It has closed the loopholes of various government projects and made the delivery of services to the people efficient and hassle-free,” he said.
Confirming that the Indian economy is recovering quickly from the unexpected shock caused by COVID-19, Naidu remarked that in the aftermath of COVID, the country could show a new story of its initiative to attract the whole world with multiple powers. “While the government works with a long-term vision and unwavering commitment, it is imperative that organizations like ICAI adhere to that thinking,” he said.
Referring to the ‘Azadi Ka Amrit Mahotsav’ commemorating the 75th anniversary of India’s independence, the Vice President called upon all to join this national campaign and turn it into a people’s movement inspired by the spirit of self-reliant India.
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