Industry & Economy
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Industry Associations
Nasscom President moots opening up accountancy sector
Our Bureau
New Delhi
,
Nov. 4
THE Nasscom President, Mr Kiran Karnik, on Thursday called for liberalisation of the accountancy sector saying it should face challenges of globalisation.
Inaugurating national conference on `New challenges new solutions in IT and WTO era' organised by the Institute of Chartered Accountants of India (ICAI), Mr Karnik said IT services export is estimated to touch $50 billion by year 2009.
Opening up of the accountancy services will open up lot of opportunities for Indian chartered accountants, he said. Mr Karnik said that while there may be a transition period of a year or two, with its talent base, India would ultimately take over the world in the accountancy sector just as in IT.
He said that the accountancy services sector need not be defensive but should face the challenges of globalisation.
He asked chartered accountants to jointly work with IT sector in the areas of information security and data privacy. The conference is scheduled to be held on November 4-6.
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