Union Finance Nirmala Sitharaman said chartered accountants (CA) need to upgrade their skills. Speaking at the farewell celebrations of the association’s 90th anniversary, Sitharaman said that technology-driven changes are taking hold even in CA and professionals need to have more knowledge in using deep technology and data mining as these will help in understanding the company’s Health Auditors’ meeting in Chennai on Saturday.
It is not only responsible for bookkeeping, but also focuses on new areas such as cross-border currency transactions. India has a typical case. “I remember when dealing with Jet Airways, we were facing cross-border investments and cross-border payments and we were looking at solving Jet Airways’ issues. This was just an example. We didn’t have a law to treat it legally at that time, so it had to be done Modify,” she said.
good suggestion
The country has excellent professionals who can provide good advice. This government has been listening to these recommendations and acting on them. In just 10 years, the government has achieved in digital public infrastructure what previous governments had failed to achieve in the previous 60 years. She said this was stated by the World Bank.
Established organizations like yours must look to meet the challenges of this century and help spread knowledge among small and medium-sized enterprises. The government has also invested money in this effort. The Minister told the audience that the Open Network for Digital Commerce is one example.
Serving your country and its goals must become part of your identity, as well as your business model and career model. Sitharaman said the country has a narrow window in the next 25 years. “What we couldn’t achieve in 1947, we need to achieve now. And many of us need to play a very important role in that,” she said.
When handling client accounts, it is also important that CA advises clients against tax evasion and misappropriation of funds and asks them to conduct their business transparently. She said that CA has a great responsibility for the development of the country. “If you see tax evasion, please inform the authorities. This system, using the power of artificial intelligence, will find the people behind tax evaders,” she added.
