14 July 2012
I was compulsorily retired from a Nationalised Bank at the age of 54 years on the grounds of gross negligence in credit appraisals and deliveries Now I want to do the C.A. course and then CISA and become a system auditor. I have already appeared in CPT June 12 and expecting to qualify it with colors. The main hurdle is that it is taking a long time and during that period I would not be earning anything. Although I have received all my dues and getting pension I need more monthly income for my son who is in the final years of his postgraduation. Now please answer my following queries: 1. When at the earliest can I appear in IPCC? 2. When at the earliest can I join the articleship? 3. During articleship can I get any remuneration from the CA company? 4. I have an experience of 14 long years in Bank's IT department. So should I also do CISA or DISA or ISA alongwith CA? 5. Which is more recognised CISA / DISA / ISA? 6. Will my compulsory retirement pose any problem in my career as a CA later?
14 July 2012
1 - May 2013 (if you clear the June Exams) 2 - Aug 2013 (If you clear the IPCC exams in May 2013) 3 - Stipend are paid by CA firms varying from minimum to 15,000 depending on the size of firm and experience. 4 - CISA would be preferable 5 - CISA is a global certification where as DISA is Indian Certification
14 July 2012
my advice for you will be don't go for CA course. As you the head of the family. You have other responsibilities as well. Till the time of completion of CA, your age will be around 58 ( in case you cleared in one go) So you won't have the time to receive the actual benefits of CA. You should go for Big degrees like CISA, FRM, Acturian. As they are less time consuming and in addition would help you in earning money. My advice will be don't wait till the things get corrected.Do job in private sector. Because if you took break at this time, people will be reluctant to recruit you.Harsh reality of world !
16 July 2012
I do agree but I saw the CA working till their age of nearly 70. Will I not be able to practise independently? I just thought that my 30 years' experience of working in a Bank including 14 years in its IT Department will be beneficial to me.
CISA requires a working experience and moreover I do not see much need of CISA qualification in India. People are still not very concious of system audit. I am however not much aware of FRM. I will see.
15 August 2012
As one with 27 years of unblemished banking record in a nationalised bank as well as CPA from India, I feel if one has to build his CA practice, it is possible not many firms would be interested to recruit a person at the age of 50 years and above. I feel that even with foreign CPA from America, I wont blame if people would ask me how I would be able to help them in their CA practice. It is easy to get into credentials like CISA as other experts have suggested but I have no answer whether Indian private sector care about your compulsory retirement from the bank. But if you work as a consultant, I feel that you may work independently by floating a PVT Ltd company and may request others to join as directors too. I have a feeling that with total computerization in almost all companies, system audit is a compulsory requirement and you have a bright future.
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