Continue from previous contents of interview …..

Client Asks:- Mr. Singla, please narrate some of the most important roles of CA’s for Govt. Departments.

CA Singla:- CAs are considered the most competent persons in Accounts and Audits. All the government audits, it be Income Tax audits, Service Tax audits, CAG audits or forensic audits, almost all of them are conducted by CAs. Hence they help the Government in revenue collection and find out fraud if any committed by entities.

Client Asks:- Mr. Singla, please tell me the role of your parent body i.e. ICAI.

CA Singla:- Sir … CA Institute i.e. ICAI is the main consultant of regulators for framing rules and regulations regarding Accountancy and Auditing.

Client Asks:- Singla Sir, can you tell me some… department-wise roles of CA’s.

CA Singla:- Sir, why not.. please note, It is seen that CAs are the main consultants of SMEs. They consult them not only in legal matters but also in their day-to-day operations. With the experience of audits of many entities and due to closely watching the growth of many businesses, CAs often provide valuable suggestions to them helping them to grow.

You can have an idea of the role of CAs by referring to some of their alumni. Some of the famous ones are:

1. Kumar Manglam Birla ji …. Birla Group

2. Suresh Prabhu ji … Railway Minister

3. Piyush Goyal ji …. Energy Minister

4. Rakesh Jhunjhunwala … Pioneer Investor

Sir, on one statement of our Jhunjhunwala… 100-200 point market index can move up or down.

5. Deepak Parekh … HDFC head

Sir, there are so many other names.

Please be in touch for the next part of the discussion….