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BCAS President CA Chirag Doshi’s Message for the Month of November 2023

Dear BCAS Family,

The best way to find yourself is to lose yourself in the service of others. – Mahatma Gandhi

This quarter’s theme is Chartered Accountants for Change. It’s time for Chartered Accountants to be one of the catalysts to save the world. CA should understand its unique role as an enabler of transforming the world towards a sustainable future.

Chartered Accountants (CAs) play a critical role in society by ensuring financial transparency, accountability, and ethical practices in the business and financial world. They are not only responsible for auditing financial statements and ensuring compliance with laws and regulations but also have the potential to drive positive change in society.

There are various ways in which we, as Chartered Accountants, can contribute to society:

a. Ethical Financial Practices: CAs can promote ethical financial practices within organisations. By ensuring that financial transactions are conducted with integrity, they can help prevent fraud and unethical behaviour.

b. Mentor a young people in your community to build their character. If you’re an adult, you’ve probably accumulated decades of practical knowledge and worldly experience that many young people could benefit from. Mentorship programs exist for this purpose and allow adults to pass on personal or professional knowledge to young people who are struggling for guidance and a roadmap for professional excellence in their lives.

Aadaan Pradaan – a unique program by our society that is organised every year by the Membership, Public Relations, and Seminar Committee. It is a program where young CAs from the society register by mentioning the specific areas where they need guidance. Mentors who are seniors from the profession are assigned to each mentee and a one-on-one online session is organised. The mentees immensely benefit from this program.

c. Volunteer at a community organisations to help others in society. Volunteering is a great way to interact with your local community and help out people who are less fortunate than yourself. Volunteering will take only a small amount of your time on a weekly basis but can make a huge difference in the lives of people in society around you.

Being operating as a not-for-profit organisation, BCAS also relies on the dedicated efforts of hundreds of volunteers who selflessly contribute their time and expertise while upholding shared values and professional ethics.

d. Teach people useful skills in your community to benefit their lives: Giving other people practical knowledge and day-to-day skills is a great way to contribute to your local community and enhance the overall progress of society.

e. Share your specialised knowledge to give back to your local community: Regardless of how much formal education you’ve had, you probably have some knowledge and skills that would be useful to people in your community.

f. Reduce, reuse, and recycle goods whenever possible: We all live in natural ecosystems, and protecting your local environment is an integral part of contributing to society. Recycle plastics and other polluting substances as well as strive to use less plastic in general and eco-friendly products.

g. Plant trees. Not only will planting a tree enhance the beauty of your neighbourhood, but it will also make the environment a little healthier.

BCAS VAN (बीसीएएस वन)

As we are celebrating our 75th anniversary, BCAS as a green initiative has created an entire forest by planting 7500 trees at Banaskantha, Gujarat, it’s called the BCAS VAN. The trees shall be monitored by an NGO in Banaskantha. Your contribution towards such an initiative of the Society is always welcomed.

h. Pro Bono Work: Many CAs volunteer their services to non-profit organisations, charitable causes, and underserved communities, providing much-needed financial expertise. At BCAS, we are also in the process of reviving our charitable trust clinic to provide pro bono advice to many trustees, employees, and auditors of charitable trusts.

Even as the world faced the enormous challenge of COVID-19 in past years, and with challenges such as sustainability, diversity and inclusion, and profit with purpose still lying ahead for businesses, it’s time for Chartered Accountants to step forward, take leadership positions, and affect change within their organisations and Society at large.

“Throughout the pandemic, the role of Chartered Accountants has been to talk to their businesses. They didn’t save lives, but they saved livelihoods,” said Michael Izza, Chairman of Chartered Accountants Worldwide.

Chartered Accountants can be catalysts for positive change in society by upholding financial integrity, promoting ethical business practices, and actively contributing to the well-being of their communities. Their role extends beyond financial statements and audits; it encompasses a commitment to societal welfare and sustainable development.

Chartered Accountants are partners in nation-building.

Felicitation of ICAI Torch Bearers

On October 7th, 2023, our society felicitated the ICAI President CA Aniket Talati, Vice President CA Ranjeet Kumar Agarwal at the BCAS office, Mumbai, in the presence of Central council members of the western region of ICAI, Past P residents, Managing C ommittee and core group members of our Society. The discussion was around student activities, image building of CA in India and globally, supporting the practising CA, the technology initiative of ICAI, and much more. The interactive session was very insightful, and both the President and Vice president addressed the concerns of various chartered accountants present.

On 4th, 5th, and 6th of January 2024, BCAS is organising a mega-conference, ReImagining the Profession in the Changing Technological Environment. The event shall cover many thought-provoking ideas for the future of the finance, consulting, assurance, and taxation profession.

– 3 days, power-packed 15+ sessions, 35+ Indian and Global Thought leaders

– Various Themes – Startups, New Age Professional Firms, One World One Tax, Capital Markets, the Impact of Technology on Tax, Audit, and other service areas, Changing Corporate Landscape, New Age Economic Wars, Interchanging roles of a CA, and many more sessions

– Networking opportunities with participants from various countries and 75+ cities in India

– Open for CA, Lawyer, CS, MBA Finance, and Other Finance Professionals

– Networking between participants from Industry and Practice

– CFO roundtable and CFO dinner

– Cultural Evening with Bollywood Singers celebrating 75 years of BCAS

– Discussing professional opportunities in India and Abroad

And, much more.

To know more about the conference and our Thought Leaders, visit: reimagine.bcasonline.org

I have dealt with sustainability and ways in which we as professionals contribute towards the same. I would like to conclude with this S anskrit shloka of Ishopnishad dealing with sustainability through the preservation of nature:

ईशा वास्यमिदं सर्वं यत्किञ्च जगत्यां जगत्।
तेन त्यक्तेन भुञ्जीथा मा गृधः कस्यस्विद्धनम् ॥

Its meaning is:
“The entire Universe is pervaded by God. Enjoy all nature as gifts from God but with a spirit of renunciation. Do not be attached to them, and do not covet the wealth of others.

Control Greed!

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Thank You!

With Best Regards,

CA Chirag Doshi

Please feel free to write to me at president@bcasonline.org |