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Role of Chartered accountants in achieving economic blue prints ​

User Kevin Cox
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There are a lot of ways in which a CA contributes in achieving economic blueprint. A CA is the person who certifies the balance sheets of companies, certifying the true and fair view of the same. He is a watchdog of the financial affairs of entities.

A CA is the person who conducts audits of entities for tax compliance, and reports the same to the Government, thus contributing to tax revenues of the government and contributing in national development.

A CA is the person who certifies that necessary taxes are paid before a sum of money is remitted out of the country, thus ensuring correcct tax payments at the right time.

At a macro level, the CA recommends Accounting Standards in the country, which are the framework within which, financial reporting is to be done, thus ensuring uniformity in the reporting, and helping the people of the country assimilate how the money is moving/has moved.

The CA regularly advises the Govt. on various matters of taxation with its recommendations, thus ensuring robust taxation framework in India. The ICAI also provides its recommendations on various matters relating to corporate affairs to the Govt.

User Timbre Timbre
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