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ICAI President's message on CA Day



Dear Professional Colleagues,
Heartiest greetings on CA Day!

I wish all of you a very happy CA Day. All arrangements have been made to celebrate the legacy of the Indian accountancy profession with great enthusiasm in the form of flag hoisting and events that enhance and impart knowledge to the professional fraternity. Indian accountancy profession that had started its journey with a vision has been living up to the expectations of our nation.
'ICAI has been chosen as preferred institution to partner with the Government of India in creating awareness and maximise the potential of Income Declaration Scheme, 2016. We are, therefore, now actively involved in making this Scheme a great success by sensitising our fraternity and advising general public to take advantage of this scheme and join the mainstream of economic development. ICAI has advised all Regional and Branch Offices to organise knowledge dissemination programmes on the Scheme on 2nd July 2016 for both members as well as general public.'
Mahatma Gandhi says: Adaptability is not imitation. It means power of resistance and assimilation. While some people adapt themselves to the world, others constantly try to adapt the world to themselves. It is said that progress depends on the latter category of people. We should appreciate that to some extent, discontentment is positive. It is wise not to get overwhelmed and contented with the world around us and live life accordingly. In the interest of our generation next and the future of our world, we will have to act and change our tradition and condition we live in. The Bhagwad Gita says: Without being attached to the fruits of activities, one should act as a matter of duty, for by working without attachment one attains the supreme. Seniors in the profession have done that for us, and it is imperative for us to do the same for our younger fraternity. The wise can transform things the way they want and make life worth living; hence, for overall development, we should transform things suitably benefitting the present and the future generations.

ICAI's revered first President Shri G. P. Kapadia had once expressed on people’s expectations from the accountancy profession which is relevant even today: In discharging the duties and while performing the various functions, the paramount consideration which should weigh with the members of the profession is that they are not merely performing particular duties to earn emoluments, but that they have to discharge a wider function and their obligation-a moral one-is to function in a such a way that they are above suspicion and, as members of the learned and an honourable profession, they provide service to the community being accountable to the authorities and also to the legislature of the country which has bestowed autonomy on the profession. With this vision, the profession has grown and we have nurtured its foundations.

With more than 2.5 lakh members and 8.5 lakh students, 5 Regional Councils, 154 Branches and 28 foreign Chapters, The Institute of Chartered Accountants of India is the second largest accounting body in the world, which regulates the chartered accountants' profession in India. ICAI is one of 63 founding members of International Federation of Accountants (IFAC) in 1977, 12 founding members of Confederation of Asian and Pacific Accountants (CAPA) in 1957 and 6 founding members of South Asian Federation of Accountants (SAFA) in 1984. More recently, ICAI has joined Chartered Accountants Worldwide (CAW). ICAI has been playing a key role in promoting accountancy profession in the world and has been successful in establishing itself as a premier global accounting body for its contribution in education and training, and its strict adherence to high ethical standards.


source:icai.org