CAs make valuable contributions to economic development : Horatti | Hubballi News
Hubballi: Chartered Accountants (CAs) are involved in the fair presentation management of taxpayers’ accounts and advise them to pay correct taxes to the govt’s exchequer. They played a key role in systematic revenue collection by providing appropriate guidance on the tax payments that should be made to the treasury, said Karnataka legislative council chairman Basavaraj Horatti.Inaugurating the 38th Auditors’ Conference here on Friday, Horatti explained how the Institute of Chartered Accountants of India (ICAI) played a vital role in maintaining the country’s financial discipline over the past 75 years. “No businessman can be successful without proper accounting,” he opined.Madhukar Hiregange, member, ICAI New Delhi, focused on the poor condition of Kannada primary and secondary schools in Karnataka. “It is not known how the funds announced in the budget by the govt to provide good primary education to children are being spent,” he added.Aniket Talati, a CA from Mumbai, said that the ICAI incorporated digital technologies into the CA curriculum and is providing guidance on how to implement artificial intelligence in business enterprises successfully.Central Council member CA Purushottam Lal Khandelwala stressed the need for a peer review of the audit work and a comprehensive review of documents and collection of evidence.CAs Akshaykumar Singhi, Manjunath Meti, Pramod Hegde, SB Shetty, K Raghu, Rishabh Upadhyay, Subhas Patil, and others were present on the occasion.
