CAs should be more cautious to prevent scams: CM

Hyderabad, Aug 29  :

 Stressing the fact  that a disciplined economy is a  must for the progress of the country, Chief Minister Y S Rajasekhar Reddy commended the chartered  accountants  for playing  a major role in building  the economy of the country.

Speaking at the inaugural function of the  two-day conference of Southern India Regional Council of Institute of Chartered Accountants of India here on Saturday, the Chief Minister  said  that you need not be  worried about the  present  Global Economic crisis. The  economy  will soon be back on rails.

The Self Help Groups  (SHGs) in the state also popularly known as  DWCRA  (Development of Women and Children in Rural Areas) Groups, programs are a roaring  success,  the  chief Minister added. He cautioned the chartered accountants to be  more careful so that no scams like the Sataym  Computers will recur. The conference titled ‘Jnana Yajan’ was  of immense importance to the chartered accountants in the context of the world becoming a global village.