India is growing at a phenomenal rate and this changing business environment of the country is also changing, in keeping with the times.
This dynamism in the business environment calls for a more efficient handling of risks, feels Vikash Jain, Chairman of Eastern India Regional Council (EIRC) of Institute of Chartered Accountants of India (ICAI).
The CA also has to rise above these challenges and redefine his role. In the changing scenario, Jain feels that the interaction between the client and regulator should increase.
Right from raising and structuring capital, engaging in research and development to supervising company performance their role has become significantly important. CAs also need to guide their organisations, and help them decide future course of action.
Thus, the role of finance has becomes increasingly important.
In a parallel move, EIRC of ICAI has started a register of employment, open to both prospective candidates as well as employees, for easier placement of professionals and better management of manpower requirements of companies.