{
  "type": "article",
  "title": "Don't dilute the exam, Vice President Radhakrishnan tells chartered accountants to guard public trust",
  "summary": "Speaking on Chartered Accountants Day, Vice President C P Radhakrishnan called CAs the custodians of trust in India's financial system and urged the ICAI to keep its examinations tough.",
  "content": "Keeping the public's faith in India's financial system intact is the biggest responsibility a chartered accountant carries, Vice President C P Radhakrishnan said at an event marking the 78th Chartered Accountants Day in the national capital. He was firm that the standards of the profession must never be lowered, arguing that economic progress means little without ethical conduct behind it.\n\nRadhakrishnan asked the Institute of Chartered Accountants of India (ICAI) to keep its examinations strict, saying chartered accountants protect the financial system through the work they do. He highlighted the institute's core values, integrity, excellence, accountability and service to the nation. The ICAI has more than five lakh members and conducts the qualifying examinations for the profession.\n\nCustodians of trust\n\"Chartered accountants are the custodians of trust in the financial system,\" Radhakrishnan said, tying that trust directly to the tough requirements for entering the profession. He noted that the high standards of the chartered accountancy examination are precisely why the pass rate stays so low, and he insisted those standards should not be diluted.\n\nProtecting honest business\nThe Vice President urged chartered accountants to back fair competition in the markets, saying honest businesses need protection from unethical conduct. Making it easier to do business, he added, must stay within the bounds of the law, and chartered accountants carry a key duty to keep that balance in place.\n\nHe also cautioned against cutting quality to save money, warning that saving expenses at the cost of quality would be disastrous. Linking such decisions to ethical practice in finance, he said growth without ethics serves no purpose and placed ethics at the very centre of professional work.\n\nPush for One District One Product\nRadhakrishnan said ICAI's district-level associations should build practical product knowledge under the One District One Product (ODOP) initiative. Doing so would let members guide producers, helping them cut costs without compromising quality, which in turn could sharpen competitiveness and strengthen local economies.\n\nHe also called for closer coordination among professionals on costs, saying chartered accountants and cost accountants should work together, as such teamwork can help entities reduce their expenses. Framing the approach within lawful practice and quality safeguards, he once again stressed the need to keep professional standards firm.\n\nWhat this means for you\n• For students: The CA entrance exam is set to stay tough, so cutting corners in preparation will cost aspirants dearly.\n• For businesses: With CAs guiding producers under ODOP, small manufacturers could trim costs without giving up on quality.\n\nQuestions & Answers\n\n1. Where did Vice President Radhakrishnan make these remarks?\nHe spoke at an event marking the 78th Chartered Accountants Day in the national capital.\n\n2. What did he ask the ICAI to do?\nHe urged the ICAI to keep its examinations strict and not to dilute the profession's standards.\n\n3. How many members does the ICAI have?\nThe ICAI has more than five lakh members and conducts the qualifying examinations.\n\n4. What ICAI values did he highlight?\nHe pointed to integrity, excellence, accountability and service to the nation as the institute's core values.\n\n5. What did he say about the ODOP initiative?\nHe said district-level associations should build practical product knowledge under One District One Product so producers can cut costs without compromising quality.\n\n6. What warning did he give on quality?\nHe cautioned that saving money at the cost of quality would be disastrous and that growth without ethics serves no purpose.",
  "url": "https://trendkia.com/en/business/pariksha-men-sakhti-na-ghate-uparashtrapati-radhakrishnan-ki-chartarda-akauntentsa-se-apila-3877",
  "category": "Business",
  "publishedAt": "2026-07-01",
  "tags": [
    "C P Radhakrishnan",
    "Chartered Accountants Day",
    "ICAI",
    "Vice President",
    "financial system",
    "One District One Product",
    "professional standards"
  ],
  "language": "en",
  "site": "TrendKia"
}