articleship

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Querist : Anonymous

Querist : Anonymous (Querist)

25 November 2010 hello sir,
i want 2 know which kind of firm is kk capital ltd for joining articleship means is it a good firm.it is in gurgaon phase 3.

Ajay Mishra

Ajay Mishra (Expert)
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25 November 2010 Hi

It depend on status of firms for joining articleship.

Regards

Ajay Mishra

Ajay Mishra (Expert)
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25 November 2010 Hi

PRESENT STATUS OF PRACTISING CHARTERED ACCOUNTANTS
Our Chartered Accountants are world class may be because of our education, training, skill and competency in English language. We can be major player in world service sector. The biggest barrier for this is probably the size of our firms. More than 72% of our firms are proprietary firms and about 21% of our firms are 2 to 3 partner firm. Firms having partners between 4 and 10 are hardly 6% and firms having partners more than 10 are just 0.24%. Thus we can see that large firms constitute a very minuscule percentage.
A number of barriers and shortcomings plug the growth of small firms into large firms. In the globalise world the demand of services user includes multilocational and integrated "One Stop Shop" services in various sectors. Most of the service takers want a "Single Window" or one firm to handle all their issues relating to the various assignments. We have been looked after as service provider who can have solutions for various problems. The trade now expects a quicker solutions and globally accepted solutions. But due to complexity of law and the size of firm we are not in position to render a wide range of services.
Needless to emphasize that the transformation means cessation of the existing mindset which feels secure in proprietary and small firms. Challenges have to be met by assessing competition, prospective clients’ need, demographics and market trends. To avail the emerging opportunities in the globalised world, the following capacity building measures for Indian Chartered Accountant firms have been initiated by ICAI: —
(i) Networking
(ii) Merger & Demerger
(iii) Practice in Corporate Form

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