Bangalore, Dec 15 (UNI) Karnataka Governor Rameshwar Thakur today called upon young Chartered Accountants not to compromise on ethical values and qualities as they were the torchbearers of this legacy to the future.
Speaking after inaugurating a two-day 39th Southern Regional Conference of Chartered Accountants here, he said '' young professionals should uphold the dignity and the rich tradition of their profession and should not compromise on ethical values and qualities as they were the torch bearers of this legacy for the future''.
He said Chartered Accountants being the custodians of national economy should work ceaselessly to bring glory to the profession. ''The motto of Empowerment, Enrichment and Integrity should guide all the CAs in letter and spirit.'' ''The profession owes a moral duty to society and in turn each one of us is obliged to display the highest degree of excellence, integrity and independence in discharging our responsibilities'', he added.
Mr Thakur, who is also former President of the Institute of Chartered Accountants of India (ICAI) in 1960s, said credibility was an embodiment of trust and assumed significance in today's world. Backed by statute, the importance of credibility cannot and should not be undermined. ''Transparency is one of the many facets of credibility and was the most desired objective of all the nations. Governments across the world have either introduced or were bringing in guidelines and norms at grassroots level to ensure transparency in all respects,'' he added.
ICAI President Sunil H Talati, in his welcome address, said that he was overwhelmed with presence of a large number of CAs attending the conference. ''The large number shows how keen my colleagues are about learning.'' More than 3800 delegates are attending the Conference.