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ICAI asks auditors, accountants to use Hindi

Several chartered accountants have expressed their concern about Jambusaria’s language missile….reports Asian Lite News

It is now the turn of the ICAI President Nihar N. Jambusaria to start a language controversy pitting one of the regional languages against the others.

Meanwhile. members have pointed out to Jambusaria that he is heading The Institute of Chartered Accountants of India (ICAI) and not the Institute of Chartered Accountants of North India.

In his monthly message to the members, Jambusaria said: “Realising the power of our mother tongue Hindi, ICAI (The Institute of Chartered Accountants of India) is trying to incorporate more use of Hindi into its work culture.”

“Members are also encouraged to adopt Hindi language in their work and interactions with other stakeholders,” he told the about three lakh members of ICAI in his President’s message for October.

“At a time when the whole world is looking at India as a global leader, successor and torch bearer, our language must also be a global beacon. With the government’s focus on making India, ‘Aatmanirbhar Bharat’, it also focuses on us being ‘Aatmanirbhar’ with our mother tongue and its nationalistic approach,” Jambusaria said.

Several chartered accountants have expressed their concern about Jambusaria’s language missile.

Pic credits Twitter

Coming out strongly against such ideas the President of Society of Auditors P.S. Prabhakar said: “The ICAI President has needlessly stirred a hornet’s nest by ‘promoting’ Hindi language in his monthly message to chartered accountants and I really don’t know whom is he trying to please.”

Continuing further Prabhakar said: “His knowledge both about Aatmanirbhar (which has no preference to any single language) and about the Constitution of the India which has not given the Rajbhasha/National language status to any language is appallingly poor.”

Prabhakar said Jambusaria’s attempt is to ridicule the unity in diversity concept about which several national leaders have spoken.

“I wonder if he realises that the institution he leads is ICAI and not ICANI, with N standing for North,” Prabhakar added and hoped Jambusaria withdraws his comments.

With three lakh members-one of the largest accounting professional bodies in the world — ICAI should be at the forefront in designing the accounting standards, which is what Aatmanirbhar of the profession actually means, Prabhakar agreed.

“Funnily enough ICAI is the cheerleader for IFRS (International Financial Reporting Standards) which are ‘imported’ accounting standards,” Prabhakar said.

In his message Jambusaria starts talking ‘global’ but bats for a ‘local’ language. Playing to the gallery? A Cheap stunt, Prabhakar remarked.

It may be recalled in 2019 Union Home Minister Amit Shah said: “It is very essential that the entire country has one language which becomes its identity in the world.”

His comments triggered strong protests from the DMK party following which Shah clarified he did not want imposition of Hindi on anyone.

DMK MP and spokesperson T.K.S. Elangovan said: “Unity in diversity is the identity of India which we support. If there needs to be an Indian language for India’s global identity, then Tamil is most suited.”

Continuing, he said: “Tamil is one of the oldest languages in the world. It is the official language in Sri Lanka, Singapore and India. It has the classical language status and is rich in literature. Tamil culture has spread to several South Asian countries. There are Tamils who have migrated to far off lands several centuries ago.”

He said it may be true that a large number of people speak Hindi in India “But it is equally true that there are more number of people who don’t speak Hindi.”

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Arab News India News Qatar

Cabinet nod for MoU between ICAI, QFCA

The MoU would enhance cooperation between the Institutes to work together to strengthen the Accounting profession and entrepreneurship base in Qatar….reports Asian Lite News

The Union Cabinet on Wednesday approved signing of Memorandum of Understanding (MoU) between Institute of Chartered Accountants of India (ICAI) and Qatar Financial Centre Authority (QFCA).

The MoU would enhance cooperation between the Institutes to work together to strengthen the Accounting profession and entrepreneurship base in Qatar.

ICAI has a strong membership base of over 6000 members in Middle East and Qatar (Doha) Chapter is amongst the most vibrant Chapters of ICAI. ICAI members hold key positions in various private and public companies and are actively involved in support and development of the accounting profession in Qatar.

The signing of this MoU would provide an additional impetus to prospects of the ICAI Members in the entire Middle Eastern Region to have better recognition, together with working to support Indian businesses desirous of doing business in Qatar and thus supporting the growth of Qatar and India’s economies.

The ICAI also has an active Chapter in Doha, Qatar which was established in the year 1981 and is the oldest among the 36 overseas Chapters of the ICAI. The membership of the Chapter has grown steadily since its founding days and presently has over 300 members who hold key positions in various private and public companies and are actively involved in support and development of the accounting profession in Qatar. This MoU will benefit Ministry of Corporate Affairs, Institute of Chartered Accountants of India and Qatar Financial Centre Authority.

As per the MoU, both sides would endeavour to increase opportunities for members of ICAI to provide professional services through setting up practice for providing professional services in the State of Qatar in the areas of assurance and auditing, advisory, taxation, financial services and allied areas.

ICAI shall also nurture and develop local Qatar professionals, entrepreneurs and students through a specialized training programme, in collaboration with QFCA.

ICAI and QFCA will work together to explore the opportunities for Indian businesses in Qatar by organizing roundtables, networking events etc., as the case may be mutually agreed.

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