Chairman's Communication

My Dear Members,
Responsibility comes with a dual role, i.e. the onus of delivering what is expected and then being accountable for the same. This of late has increased on finance professionals with the opportunities that comes to them. It is a universal truth that with great power comes great responsibility and it is especially true considering that the attestation function carried out by a Chartered Accountant is taken to be the absolute final decision and accepted as such. As this has become a strong and undisputable base for investors and stakeholders, it assumes extra importance in today’s scenario when the entire world is looking at us for good governance and quality reporting. In a nutshell risk and rewards go hand in hand. We have garnered very good demand for our professionals across the world, which I have personally witnessed during our recent International Study Tour to Australia.

When we perceive our surroundings, what we see is that the only constant is change. Our socio-economic environment is at its dynamic best with the legislations and expectations changing by the minute. Growth is never by mere chance; it is the result of forces working together. This is clearly visible in the manner we are spreading our wings world-wide. The MRAs with professional bodies in many countries in the world is a testimony that the ICAI is consistently looking to explore new avenues for the Indian Chartered Accountants on a global scale.

We stand proud as the ICAI is one of the premier professional institutes in the world and that we are not complacent about our successes but constantly strive to improve ourselves every passing day, thus becoming stronger over the years.

While we are the second largest Accounting body globally, we continue to serve beyond our traditional roles of regulating the Profession, Educating & Examining, for a more holistic growth. Besides we also contribute with our inputs to the various accounting regulatory bodies.

Since the inception of ICAI, we have evolved tremendously, following a path of continuous development and progress. Traditional book-keepers and accountants made way for a new generation who moved beyond numbers into commercial taxation laws, regulations and related business laws to optimally balance business decisions in compliance with laws. This foresight of creating professional automation took Accountants to a whole new space of financial and management planning. Today, we have developed and connected with the latest trends in digital technology by way of utilizing cloud computing and big data to move the profession up the digital path to a new future.

It’s a glorious feeling that ICAI has entered into its 70^th year. It has always supported and nurtured us in all our endeavours. On this occasion, I take this opportunity to wish each member, student and our support staff on this historic day.

As we commemorate and look forward to celebrating this 70^th year of our foundation let us make the year a landmark one. I appeal to senior members to come forward and mentor our GenNext youth, teaching them the timeless and classical attributes to become complete professionals.

We continue to reach out personally to our valued members and beloved students across branches & study circles to deliberate and resolve issues faced by them at the ground level.

In this, the 70^th year of our glorious history, I look forward in taking our beloved Alma Mater, Profession and Nation forward with your unstinted support.

With Best Wishes,
CA. Sandeep K.C. Jain
Chairman