The Role Of Chartered Accountants In Eradicating Corruption

3,680 views
3,246 views

Published on

Published in: Business, Economy & Finance
0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
3,680
On SlideShare
0
From Embeds
0
Number of Embeds
47
Actions
Shares
0
Downloads
136
Comments
0
Likes
2
Embeds 0
No embeds

No notes for slide

The Role Of Chartered Accountants In Eradicating Corruption

  1. 1. THE ROLE OF CHARTERED ACCOUNTANTS INERADICATING CORRUPTION
  2. 2. We As An Individual Cannot Do Much More, BUT As A Professional It Is OurNational Duty To Contributes To Our Nation…
  3. 3. BUT WHAT IS REALITY NOW???Everyone Just Wants To- Earn Money Build Goodwill Get A Good Place In Top Management
  4. 4. MYTHS ABOUT CAs JholJapata Edhar Ka Udhar Window Dressing Tax Evasion, etc.IS THIS THEREALITY???
  5. 5. 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.
  6. 6. BASIC CONSEQUENCES OF CORRUPTIONHampers Economic Growth By- Deterring Investing Raising Transaction Cost Hesitation
  7. 7. 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!
  8. 8. 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 AuditorStatutory AuditorBusiness AdvisorTax Advisor, etc.
  9. 9. 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
  10. 10. 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…
  11. 11. Nevertheless, we should not ignore the positivecontribution the CAs hasundergone in the recent era…
  12. 12.  Improving Overall Financial Accountability Strongly Supervising (Auditing) Creating A Climate Of Transparency Good Governance Code of Conducts / Professional Ethics…
  13. 13. 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

×