Home Chartered Accountancy The role of Chartered Accountants in eradicating Corruption

The role of Chartered Accountants in eradicating Corruption

by CA Karishma

If the accounting profession is committed to development, then it should commit itself to combat corruption.

  1. Chartered accountants play an essential role in society, providing reliable and transparent information, both in the public sector and in the private one.
  2. This profession has a significant role to play in anti-corruption
  3. The role of Chartered Accountants (CAs) has been seen as promoting transparency and fairness
  4. CAs are national-level watchdog, but they are not specialized anti-corruption agencies, but they have expertise in auditing and reporting the facts
  5. 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.
  6. 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
  7. 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
  8. Honest CAs can make valuable efforts towards eradicating corruption

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4 comments

harish September 22, 2011 - 7:42 pm

is it possible maam”

Reply
Karishma September 22, 2011 - 11:36 pm

may be not completely, but even a drop is important to fill ocean. We should atleast try, it is difficult, i gave a report on frauds in Nizam Hospital, but no action. I tried.

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Bhaskarreddy September 27, 2011 - 9:09 pm

Your Comments

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rakesh September 23, 2011 - 7:55 pm

as being ur student ,i always follow ur way maam ,i and my friends will definitely strive for it ,but i think it should start from ground zero level,because its not only in the hands of CA’s alone it is responsibility of every educated person

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