Pics: Dayanand Kukkaje
Daijiworld Media Network- Mangaluru (SB)
Mangaluru, Jul 6: "There is no meaning in blaming auditors in PNB scam. The management appointed auditors internally. There is no connection between internal auditors and the Institute of Charted Accountants of India,” said Ranjeeth Kumar Agarwal, member central council and chairman, professional development committee (2018-19), ICAI.
He is on a short visit to district to participate in ‘Swadhyaya’, two days national conference on July 6 and 7 at Dr TMA Pai convention hall of charted accountants.
Addressing a press meet at TMA Pai conventional hall on Friday, July 6, he said, “Basically it is wrong to call them as auditors. We should call them only as internal inspectors. Otherwise it affects entire auditors’ credibility. The firms should not encourage internal inspectors when the audits are under taking. Otherwise it leads to reflect personal interests.”
"Day by day the changes are happening in the business world. Corporate world wants more transparent accounting department because it is a key factor of every firm, an organization or a business setup. Unfortunately sometimes some people go against their profession and try to spoil entire auditors’ goodwill. To avoid manual intervention in auditing, ICAI has introduced an online procedure. Already DENA and Syndicate bank adopted this felicity for their audit section. Ten more banks have already shown their interest to implement it. By this, we can avoid misusing of profession and the system,” he said.
He further said, “The ICAI already has 2.82 lac members and also we have 8 lac student members. We are proud to say that we have 70,000 memberships from women charted accountants. In 1991, it was only 1000. To keep our auditors especially our members updated, we are concentrating on providing them skill classes. By this, the auditors can build their own auditing skills and it will help them in their business meet objectives of quality, environmental, health and safety and information security management systems. Besides this, we are also conducting virtual classes for the auditors to learn more things about current changes in the business world."
Madhukar N Hiregange, member ICAI branch Bengaluru, said, "Auditors played a vital role in the implementation of GST. In 2016 government sought ICAI for training methods for GST filing. We prepared a training book containing 1700 pages and it became a key book for study and training of GST methods. All over India, we have given a certificate course for 20,000 people on GST filing. After the implementation of GST, Rs 18 lac crore was collected by the government. Before GST total tax collection was Rs 13 lac crore in India. So after GST, we witnessed a hike of Rs 5 lac crore in tax sector. Auditors played a key role in this achievement and there is no doubt that they would continue it for the betterment of country.”
Shivanand Pai, chairman SIRC, Raviraj, secretary SIRC, Debashish Mishra were present.