If the accounting profession is committed to development, then it should commit itself to combat corruption.
- Chartered accountants play an essential role in society, providing reliable and transparent information, both in the public sector and in the private one.
- This profession has a significant role to play in anti-corruption
- The role of Chartered Accountants (CAs) has been seen as promoting transparency and fairness
- CAs are national-level watchdog, but they are not specialized anti-corruption agencies, but they have expertise in auditing and reporting the facts
- In recent era many CAs have expanded the scope of their audits to scrutinize the efficiency of management viz; through Forensic auditing, CARO reporting etc.
- We generally agree that the primary responsibility for the prevention and detection of corruption rests with the administrative authorities, the police, and other investigative institutions
- We also agree that CAs are contributing their efforts in this ongoing struggle, especially by improving overall financial accountability by strong supervision (audit) and thereby creating a climate of transparency and good governance
- Honest CAs can make valuable efforts towards eradicating corruption