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Originally posted by : AKSH KUMAR |
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Dear Surendra Sir,
I am following you for quite some time on Caclubindia & I also admire you for such questions.
I am trying to these questions raised by you.
. 1. Whether "our" CA profession was "originally" designed to engage in a job?
Yes it is true that CA profession was “originally” not designed to engage in a job but these is equally true that these days CA is looked upon by the corporate as a “all business solutions provider” & even the ICAI is working on “CA Brand”.
And the Committee for Members in industry (Cmii) is there on ICAI panel for last twenty years which also implies that even the ICAI also acknowledge the Change from what was “originally” designed .
. 2. What are the reasons behind such "attitude" of the mass?
I am assuming that this question is also answered by me in first question itself. To be more specific such “attitude” is more attributed towards such change in ICAI attitude as well.
. 3. Why analytical power is missing in the majority of the students?
Well sir again analytical power is a subjective matter. How person of your stature can say so for majority of students. Analytical Power also depends on person to persons. It has nothing to do with young students/Young CA. I can also quote examples for some of senior CA who lacks such analytical power.
It is very difficult a task to measure some one analytical power .
.. 4. Whether articleship training is unique across India?
Sir, these one is tricky only unique thing about articleship is the stipend which is paid by CAs across india.
Following points is required to be considered
Does all CA firm across India provides a SAME level exposures? The obvious answer is a “BIG NO”
Now if some young students enter a CA firm, gains all relevant experiences of that firm. Now can he switch to other firm if he want to gain some experience of other relevant area of interest. Again the answer is a “BIG NO”
Now why ICAI will decide what will be stipend, it should be decided by members & students(Market force) or another option is ICAI can allot articles to there members for a fixed period by matching preferences of its members & students so that a uniqueness along with a uniformity can be achieved.
And Sir I also want to raise a point about dummy articleship, this dummy culture is also gaining due such points which I mention if ICAI can mange the above then such” Dummy will die a slow death”.
Sir at last I am not answering the last question because quite frankly I also didn’t understand what the president message conveyed. |
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I am really happy that students know the better answer than members sitting at the council. The council believes in one way communication. When asked; the President had recently conveyed at Faridabad on 19 06 2013 that whatever suggestions are received; are forwarded to the respective committee. But the committees never revert back how the suggestions were "treated" given by others. How a common member be motivated for the cause of the profession without establishing his identity?
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I agree that even seniors are lacking in analytical skills. I hope you also have that experience.
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CA profession has to change its direction because majority of CAs could not find the "core work" of auditing for which they joined the course. At present; students don't know what they will really do (in field) after qualifying.
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Regarding unique training; it is a must that an independent and unbiased EMPANELMENT be brought in the system so that every practising CA apply his "core" expertise to some extent and the students will also get "proper" training by visiting clients' organizations.
(This is the answer to solve all the problems).
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I also support your views about stipend. The ICAI may provide guidelines only to pay stipend as it has provided guidelines for charging fee. (But who follows)?
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Many firms are paying high stipend. So whatever is suggested by the ICAI; is towards minimum amount. At present many students "bargain" for the stipend with the prospective employers which in the past; nobody could dare to do so. In this matter; they are in a better position.
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Regarding payment of stipend; I don't think that students are not worthy. The lack of analytical skills happens when students are unable to find required opportunities to conduct AUDIT.
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Regarding President's Message; one may find it in ICAI's journal : THE CHARTERED ACCOUNTANT every month. But how many students (members also) open the wrapper of it?
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If you refer past one year's journals; you may find a wide gap between the CA Curriculum and actual standing of the present profession. Everything can't be covered in the study materials and books. If it could happen; there is no use of magazines and journals.
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I am of firm opinion that in this world there is no profession equivalent to Chartered Accountancy profession because a CA can change his area of profession any time during his lifetime.
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But majority of students are "interested" in job because they are either not properly trained or they don't have patience although they are able to get this qualification in the age of 21-22. Their vision regarding the profession could not be developed where it will stand after 10 years. This is the reason that majority of students are interested in "short term" gains (seniors also find their name in the list).
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You may also refer what I has been published at caclub 3.5 years ago :
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/articles/swot-analysis-of-ca-profession--3891.asp
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out of 100 
CAclubindia
