Bangalore, Dec 15 (UNI) Karnataka Governor Rameshwar Thakur today called upon the young Chartered Accountants not to compromise on ethical values and qualities as they are the torchbearers of this legacy to the future.
Speaking after inaugurating a two-day 39th Southern Regional Conference of Chartered Accountants here, he said that " young professionals should uphold the dignity and rich tradition of their profession and should not compromise on ethical values and qualities as they were the torch bearers of this legacy to the future".
He said that Chartered Accountants being the custodians of national economy should ceaselessly work towards the attainment of 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 was obliged to display the highest degree of excellence, integrity and independence in discharging our responsibilities", he added.
Mr Thakur, who was also former President of the Institute of Chartered Accountants of India (ICAI) in 1960s, said that credibility is an embodiment of trust and assumes 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 is the most desired objective of all the nations. Governments across the world have either introduced or are bringing in guidelines and norms at the 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 large number of CAs attending the conference. "The large number shows how keen my colleagues in learning." More than 3800 delegates are attending the Conference.