The need for reinventing entrepreneurial spirit and going global as explained by CA. Dr. Harsh Patel

CA. Dr. Harsh Patel

January 30, 2020, India–

CA. Dr. Harsh Patel, a promising CA and a
self-made entrepreneur expressed his views on the current needs for the
Chartered accountancy fraternity. He emphatically spoke about the necessity for
exploring global opportunities while inculcating a sense of professional
entrepreneurship within this community.

An article recently stated that there are
close to 3 lakh CA’s in India, of which it is estimated that a mere 1.25 lakh
pursue the full-time practice. Therefore, the scope of the chartered
accountancy industry is expected to witness an upward trend. A seminar was
conducted by the coveted and well recognized, Committee for Export of CA
Services & WTO by WIRC of Institute of Chartered Accountants of India
(ICAI), Baroda on 25th January 2020. As a speaker, the institute called upon
the young and enterprising CA.  Dr.  Harsh Patel (DBA, HC USA), as one of the
speakers. His presence can be attributed to his efforts in creating a name of
himself within the Chartered accountancy fraternity and the business community
by expanding in over  6 countries at just
26 years of age owing to his passion and vision.

The seminar witnessed the attendance of various members of the accountancy sector right from the aspiring CA’s to well established CA firm owners. It was a well-represented audience that could benefit from the lecture on the opportunities that lie ahead.

CA. Dr. Harsh Patel was asked to
befittingly speak on ‘”Global Opportunities for Indian CA”, owing to
his expansion endeavors. He enlightened the audience with his insightful
excerpts. He emphasized the pressing need for the Chartered accountants in
India to explore newer avenues globally. A common spirit of complacency in
private practice has been observed within the community. This latency also
stems from the lack of wanting to explore newer global laws and the fear of
failure. To move ahead as a fraternity, it is imperative to conquer new
grounds.

CA. Dr. Harsh Patel, also delved into a
vast range of relevant topics right from Legal Provisions to Global
Opportunities that are available for the Indian CA’s. That includes segments of
Company Incorporation, Accounting, Providing Risk Management Advisory, Business
Advisory, Tax Advisory & Audit, and Assurance Services. While also shedding
some invaluable insights on the scope for business expansion in Various
Countries like India, USA, UK, Canada, Singapore, and UAE.

He spoke about the organization from the point
of view of inculcating a sense of community within it. He expressed that the
industry needs to have a sense of foresightedness to create spaces on a global
platform. The responsibility of which lies heavy on the shoulders of both the
students and the management. The seminar intended to enlighten the students and
practicing CA’s to break boundaries and come together as a community to set
foot into the global scale of things.

Continuing with an example of the law
industry, he explained how lawyers rooted for each other and honed an
entrepreneurial spirit. Similarly, the time had come to create professional
entrepreneurs out of the members of the CA fraternity.  He urged the speakers and the audience to
empower and embolden themselves to take risqué yet calculated decisions and
imbibe a business –oriented skill set.

He further encouraged tie-ups on a global
scale by setting up entrepreneurial ventures that include tapping opportunities
for In-Bound and Outbound-Advisory. Owing to India’s global presence and
investor interests, the scope for this branch is unlimited. It is the
responsibility of each member to take the Indian CA fraternity to a global
level by uplifting and empowering, which requires internal unity, harmony, and
increased partnerships. Together this can be done.

As a befitting conclusion, the seminar
focused on the luminaries whose professional firms had gone successfully
international thus benefitting themselves, the ICAI and the nation.

This eventful seminar reached its
completion as the honorable the Chairman of Vadodara Branch of WIRC of ICAI –
CA. Krunal Brahmbhatt encouraging spoke about the ICAI’s MOU with an IT firm
that will help the CA’s in creating a digital presence at subsidized rates.

Many more such opportunities need to be
explored to continually improve the stand of the fraternity in a domestic and
global scale. It won’t just help our industry and India, but also the future
and scope for the newer generations who aspire to be CA’s by creating new
opportunities for them on a global scale.

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