Lokesh tells CAs to be acquainted and updated with their subject

IT and HRD Minister Nara Lokesh on Saturday called upon the chartered accountants (CA) to be fully acquainted and updated with their subject and gear up to handle advanced technologies like artificial intelligence (AI). He also appreciated the Institute of Chartered Accountants of India (ICAI) for being the first in the world to implement forensic accounting standards. 

Addressing a mega student meet of the ICAI titled ‘Spoorthi’in Guntur, Mr. Lokesh said that despite completing 76 years, the institute remained an accounting powerhouse and has been a major strength of the Indian financial system. He observed that the importance of CA could be understood from the fact that every budget-approved file required an auditor’s seal, and added they were drivers of the country’s economic growth. The State government has always valued the inputs given by the ICAI on various matters of financial administration and would keep consulting it for policymaking, he added.

Mr. Lokesh insisted that the CA play a significant role in achieving the Prime Minister’s vision of Viksit Bharat, which aims to make India a $30 trillion economy by 2047. He stated that in today’s world, not only IQ but technology quotient (TQ) was also essential to stay ahead. “Let us all work together to steer India and Andhra Pradesh towards progress. The future belongs to you, and the government will stand by you,” Mr. Lokesh said.

Guntur West MLA Galla Madhavi, ICAI vice-president D. Prasanna Kumar, ICAI south India regional council vice-chairman Muppalla Subba Rao, Guntur branch chairman N. Rajashekhar, South India CA Students’ Association Guntur branch chairman Chinta Raghunandan, vice-chairperson B. Jhansi Lakshmi, secretary V.V. Naresh and others took part.