By P. N. Shah, H. N. Motiwalla
Chartered Accountants
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ICAI celebrated its 63rd Foundation Day on 1st July, 2011. The celebrations were held at New Delhi and at all Regional Councils and Branch Offices all over the country. Report about these celebrations at New Delhi has been published at pages 216-225 of C.A. Journal for August, 2011. Respected Shri Rameshwar Thakur, our Former President and at present Governor of Madhya Pradesh was the Chief Guest at the function at New Delhi. In his speech on this occasion he observed that “Chartered Accountants play an essential role in society, providing reliable and transparent information about public and private bodies. They are the Trustees of Society, at large, and have to shoulder onerous responsibility of protecting and preserving the Trust. They not only have to be adept at work, but also have to adopt with changing environment”.
He advised the members that “As the profession grows, rules and regulations alone would not safeguard the conduct of members. They are more meant to convey what is permissible and what would be frowned upon. Being a Chartered Accountant myself having been in active practice for few decades, I would like to advice every member to uphold the dignity of the profession to conduct them honestly, without fear or favour in carrying out their professional duties. Accounting profession has a long and distinguished history of guarding the integrity of financial statements. As a statutory body, the Institute owes the responsibility to evolve accounting and financial frame-work that facilitates economic growth with certain sense of discipline and stability. I would like to emphasise that our profession owes a moral responsibility to society to sustain the highest degree of professionalism and excellence.”
