Finance Minister urges auditors to use technology to achieve India’s development goals

Noting that the next 25 years are “critical” for India to achieve developed nation status, Union Minister Nirmala Sitharaman on Saturday appealed to auditors to embrace technology and train smaller businesses to grow.

The Finance and Corporate Affairs Minister noted that the country has made progress on many levels in the last 20-25 years and even a World Bank report said that India has achieved in the last decade what it could not achieve in 60 years.

“I talk to veterans of this profession. You are one of the oldest registered institutions. I think my meeting with you all is not only to celebrate the 90th anniversary but also to say that I am celebrating at a time when the profession has to take on newer responsibilities,” she said here at the 90th anniversary celebrations of the Society of Auditors.

Sitharaman pointed out that the practice of chartered accountants is undergoing many changes around the world and said that even some of the audience gathered at the venue had already begun to feel the changes in their profession.

“I commend the way technology has taken hold and many of you are happily adapting to it, so even the Chartered Accountant exams will be in a different format from July next year…” she said.

Sitharaman said India has a “narrow window” to become a developed nation in the next 25 years and each of us has a very important role to play in not only focusing on our profession but also finding ways to serve the nation better.


Godfrey Kemp

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