The present economic condition of our country as well as in the world at large provides enough challenges to our profession. I strongly believe that we have requisite knowledge and skills to exploit these challenges and convert them into opportunities. With the growth of the country, chartered accountants services will be increasingly required on account of complexities of the business, ever expanding and changing government regulations, technological changes in data processing and business needs of varied data for control and planning. But growth has its attendant problems and we are no exception to this general phenomenon. We have to reassess our position on the changing social and economic context and reorganize our approach to shoulder greater respon-sibilities. With proposed liberali-zation of various controls, taxation, fiscal policies and innovative measures, I am confident of varied opportunities for our profession…………………. .