Raise your Voice for the Capacity building on Small CA firm

Practise 1144 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....................


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