Bad News For CA Students & Members

1096 views 11 replies

srikanth

Accountant

611 Points Joined December 2008

ICAI will bring an new Auditing standard & an Accounting Standard. Icai or sebi may create an new statutory compliance for co's having huge cash balance get Certified from a CA regularly on a month to month basis or forthnight to avoid inflated figures in cash balance. If this is going to happen, an enhanced burden wil be on articles students like me. For the Students like me it is a bad news as one more AS or AAS or guidance note is going to be added in our curriculam. All because of Satyam, & auditors of Satyam. Srikanth

Replies (11)

CA Sudhir Halakhandi

PRACTICING CHARTERED ACCOUNTANT

13401 Points Joined November 2008

VERY EARLY COMMENT

CA CS CIMA Prakash Somani

Landmark Group

23517 Points Joined July 2007

No srikanth,

I am not agree with you. Think from another aspect and be optimistic.

Believe that changes are good.

Guest

I agree with Mr. Prakash...

shailesh agarwal

professional accountant

7647 Points Joined September 2008

Be positive-this is a good step for all

Jeet Biswas

ACMA (in Service)

5073 Points Joined September 2007

Change is the Only Constant in Life...so welcome it. Life will be easy then.

CA-CWA RAVI

CA-CWA in industry

5464 Points Joined May 2008

hey not a bad but good news

more work for auditors

more test of our knowldge

CA. Raj Bolmal

PRACTICING CHARTERED ACCOUNTANT

197 Points Joined November 2008

Progress is Impossible without Change........... So change is Gud!!!!!!!!!!!!

Vishu

CA Final & CS Executive Student

43 Points Joined November 2008

This is a realy a good news & we have to well come it as we are students we get a greater experienced to handle cash & we get a chance to manage the employees of corporate assessee.

As well as would be Practicing C A's we can charge extra fees to our clients.

Sripada M

365 Points Joined March 2008

As a CA students, we should be knowing that,

More complicated is the law - More challenging is the work

More challenging is the work- More knowledge in the corporate world

More knowledge in the corporate world - More status...!!!!

Be proud to be a CA...

CA CS CIMA Prakash Somani

Landmark Group

23517 Points Joined July 2007

Beautiful said Sripada !!!

Hiren Doshi

Chartered Accountant

38 Points Joined April 2008

I also agree with Sripada.

i would also like to share my view that the Institute should also consider the matter regarding Quaterly presentation of Audit. As it is Non-Audited, chances of misstatement are more, It should be made mandatory for the auditors to look after the Qtrly audit and also a monthly report kind of a thing should also be introduced, which should b filed by the Company as well as Auditors. it may contain only some of the important aspects regarding the audit. This will atleast keep the investors in touch with the Cos, and might help in building their confidence in the Company as well as Auditors.