Raise your Voice for the Capacity building on Small CA firm

1172 views 4 replies

Dear All

In view of the meeting taking on 17th March, plz raise you voice to the capacity building commitee regarding the issue pertaining to first generation small CA firm.

1 )  No Bank audit for first three year. It is to be learned that the fees receivable from the bank audit for the new and Small CA firm in initial year will support them to have working capital for 3-4 months.

We can at least make representation to RBI to allot small rural bank branches audit to new firm.

If on every empanelments, the government will ask for experience then how come we will have that.

2)  Unlike other institute, we are not undertaking brand building exercise. I mean to say a common Advertisement by CA institute to public at large will help lot of us, as we are unable to advertise.

3)  Neither Concurrent audit, Stock audit are allotted to new firm.

4)  We are not counting on the experience gained by CA's in service who intends to have COP at some point of time.

5) ISA courses should be made online as the facility to take classes in small cities in next to impossible with the sufficient no. of member are not available. and it is very tough to take classes outside city with leaving the firm on stake for 15 days.

In the current process, the big firm are becoming bigger and the small firm will exit.

And of the day it have to be understood that money matters to everybody, and If we are unable to earn our bread respectfully, will regret to be a CA.

Replies (4)

Pavan is right.

i fully agree with it..

Institute should take up this matter on priority. Big and Old CA firms are always preferred in Govt./Bank Audits. Most of the tenders are reserved to firms, say having 5 FCAs as partners, Yearly Turnover of Rs. 1 crores for last 3 F.Y.s. Senior members of the profession always persued youngsters to join them. They never ask them to start their firm on their own. Most of the big firms need young CAs for audit empanelment and for increasing their audit limits. They have nothing to do with the quality of audit they do. Because of this the quality of audit has declined and audit reports have lost their importance.

Agree....................

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details