The Role Of Chartered Accountants In Eradicating Corruption
THE ROLE OF CHARTERED ACCOUNTANTS INERADICATING CORRUPTION
We As An Individual Cannot Do Much More, BUT As A Professional It Is OurNational Duty To Contributes To Our Nation…
BUT WHAT IS REALITY NOW???Everyone Just Wants To- Earn Money Build Goodwill Get A Good Place In Top Management
MYTHS ABOUT CAs JholJapata Edhar Ka Udhar Window Dressing Tax Evasion, etc.IS THIS THEREALITY???
ORIGIN OF CORRUPTIONCorruption is one of the consequences of POOR GOVERNANCE.So, if want to reduce Corruption, first we have to build STRONG GOVERNANCE. And CAs can create strong governance through SUPERVISION.
HONESTLY SUPERVISION By CAs Enhances The Effectiveness Of The Governance Process Which In TurnPrevents Corruption And That Is Why The Concept Of Auditing Is So Important.BUT ! BUT ! BUT!
HOW CAN A CA PLAY A ROLE IN ERADICATING CORRUPTION??? Since CAs are there in every field such as:In Corporates, as an Employee,Board Member or Internal AuditorStatutory AuditorBusiness AdvisorTax Advisor, etc.
NOW THE QUESTION ARISES…It is not the duty of a CA to detect such Illegal Acts… Instead it’s the Duty of the- Administrative Authorities Police Other Investigating Institutions
But CAs can maintain a close collaboration with all these practices as indicators… And if any such indicators exists, then it should look into the matter…
Nevertheless, we should not ignore the positivecontribution the CAs hasundergone in the recent era…
Improving Overall Financial Accountability Strongly Supervising (Auditing) Creating A Climate Of Transparency Good Governance Code of Conducts / Professional Ethics…
So friends, lets have a VISION for a CORRUPTION FREE INDIA and work on it…Prepared By: JIMMIT D. MEHTA (CA FINAL STUDENT) CONTACT NO: 9769062619