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Will "Accounting Technician" thing pose a threat to CA

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(Querist)
04 April 2008 All of us know that the value of a newly passed out CA is that yearly passing out of CA is 12ooo approx against the requirement of 50000+ by the burgeoning indian economy. This thing is loaded in the favour of indian CA students which helps them secure nice fat packages if they opt for Campus placement.

Now with this new skill "acc. technicians" arising, will this reduce the
prevalent of CAs in India?
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s.lohani

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s.lohani (Querist)
04 April 2008 Many companies which need CA may opt for acc. techies rather than CAs?
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s.lohani

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s.lohani (Querist)
05 April 2008 They mite use these accounting techicians as "makeshift" CAs.
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KAAPIL

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KAAPIL (Expert)
05 April 2008 Noway. The statutory requirements and also various financial bodies will continue to opt for CAs. Infact subprime crisis has raised the need for more CAs in India as RBI needs them for counselling and handling of the financial affairs.
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