Western India Regional Council of
The Institute of Chartered Accountants Of India

Chairperson Communication

Chairperson WIRC

Dear Professional Colleagues,
“Open your arms to change but don’t let go of your values.” Dalai Lama

The world and our profession are changing rapidly in today’s digital age. But critical characteristics such as ethics and values never change as these are the foundations upon which the rest of the world is created. These are the guiding lights to humanity because ethical values function as inner voices providing the right direction and decisions in life.

Ethics form the foundation upon which our great profession has been built and valued across the globe. Professionally and personally, ethics can be thought of as a set of principles that help in differentiating between right and wrong for an individual, a group, or an organization. It is easy to do right out of fear, but it is better to do right because right is right. One needs to appreciate that when one has a right to do something, do what is right.

Values are like fingerprints. Nobody has the same but you leave them all over everything you do. Hence, professional ethics play a crucial role in everyone’s life. It would be difficult for an individual without personal ethics to follow professional or business ethics, hence, our alma mater has stressed this aspect from the beginning.

The Institute standardised it in 1963 by publishing the first edition of the ‘Code of Conduct’ and cementing it by constituting the Ethical Standards Committee in 1975. Over the past 44 years, we have been religiously refining, updating and upgrading our ethics so as to keep the pristine character of our profession intact.

We have begun this year on a positive note and are taking this forward through our programmes which are receiving good participation and feedback from across the Region.

We invited all past Chairmen & past Presidents of our Region and had a positive, interactive meeting where they guided us by sharing words of wisdom.

We had a successful Branch Orientation where Office Bearers and Managing Committee members from all 35 Branches from the Region gathered together to strategise and plan for the year ahead, working together to ensure that WIRC reaches greater heights during the year 2019-20.

Our Members’ Meet saw a record number of participants in attendance. I am pleased to say that the presence of members in large numbers went far in creating stronger bonds towards working for the greater good of our profession and Region. We unveiled the WIRC publication on ‘Compilation of Papers on Bank Branch Audit’ 2019 at the worthy hands of honourable President CA. Prafulla Chhajed.

WIRC organized a unique seminar on ‘Guide to Investments and Wealth Planning’, which was highly appreciated by the participants.

Our focus on Women CAs this year commenced with ‘Celebrating Women’s Day – Winning in Adversities’.

I am pleased to share that our first lecture meeting of the tenure on ‘Banning of Unregulated Deposit Scheme’ saw an all-time record of about 1200 participating members from across the Region.

Amongst other programs, we also organized studies of Prevention of Money Laundering Act, International Taxation of Foreign Remittances, Limited Liability Partnership and Bank Branch Audit.

We visited the Baroda, Anand, Bhuj & Gandhidham Branches and had interactive meetings with members, and past Chairmen of these Branches. We also visited Maharaja Sayajirao (M. S.) University of Baroda and had a fruitful discussion with the Vice Chancellor, Mr. Parimal Vyas regarding skill development courses.

We are proactively increasing interaction with students with the goal of creating awareness as well as the highlighting advantages of our profession. We have also conducted seminar on Bank Branch Audit for article students, which was very well received.

While our RCMs and Office Bearers, with the support of our President and CCMs, are putting in tremendous efforts, I also look to our members and students to voluntarily donate time from their busy schedules towards assisting in various activities of the WIRC.

I look forward to our Region moving ahead with a common goal of believing passionately in what we do, and never compromising our standards and values. By observing legends like Mahatma Gandhi and APJ Abdul Kalam we see that great people have great values and ethics and they work hard to reinforce their values.

Let us always remember Mahatma Gandhi’s words, “Keep your thoughts positive because your thoughts become your words. Keep your words positive because your words become your behaviour. Keep your behaviour positive because your behaviour becomes your habits. Keep your habits positive because your habits become your values. Keep your values positive because your values become your destiny.”

With Best Wishes,
CA. Priti Paras Savla
Chairperson

 

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