"Chartered Accountants were the first accountants to form a professional accounting body, initially established in Scotland in 1854." …………………………………………………… (Source: Wikipedia).
This precious and timeless legacy of over 165 years is certainly something we as Chartered Accountants should be proud of. At the same time, it puts a huge amount of responsibility on us to carry forward and enhance the importance of our profession. Today the profession is facing challenges due to global volatility and its role is increasingly being questioned due to corporate frauds of significant magnitudes.
Consequently, the future is uncertain with newer risks that are showing up on the business front and furthermore, we are likely to have repercussions due to Artificial Intelligence causing a change in our role in the future. Thus, we must 'Shape Up or Ship Out'.
Should we be concerned by this fast-changing world? The answer is certainly NO. The statement below shows that a positive approach will certainly provide us & our profession a way forward for seeking opportunities in every adversity that we face:
THE PESSIMIST WILL SEE DIFFICULTY IN EVERY OPPORTUNITY.
THE OPTIMIST WILL SEE THE OPPORTUNITY IN EVERY DIFFICULTY.
- Winston Churchill
It is on this backdrop that I take up the role of Chairperson of the Muscat Chapter of the Institute of Chartered Accountants of India (ICAI). I would like to thank all the Managing Committee members of for reposing their confidence in me and would like to assure all the members that we will continue this successful journey which began in 2008 when this Chapter was established and has been successfully led by my predecessors and their respective teams.
It gives me pleasure to welcome you to our website which gives more information about us & our activities as Chartered Accountants from India are functioning in this beautiful country, the Sultanate of Oman ruled wisely by His Majesty Sultan Qaboos Al Said. We would like to take this opportunity to express our heartfelt gratitude to His Majesty and the people of Oman for their friendliness and support to us and helping us make Oman our second home.
Our membership base is around 350 and our members are working in different industries (from banking/financial to manufacturing to government sectors) and in varied roles, including accounting, auditing, investments as well as operational leaders of organisations.
In line with the objectives of the Chapter, during 2019-20 we are planning to continue providing quality CPE events for our members; arrange more family events and adding entertainment / sports / educative value to our members’ families; organise an International Conference event to bring together experts from India & elsewhere to share their professional views; take up CSR events to help the local community; and more.
While we conduct events and activities mainly for our members; we would like to take initiatives for knowledge sharing with local expertise for mutual benefit. We take this opportunity to solicit your views and ideas to take forward this initiative for value-creation for the benefit of the people and the business communities in Oman. While we hinge upon uncertain times; let us all come together and build a secure future.
CA Ashwini Sawrikar
ICAI Muscat Chapter