One well known but shocking truth is that ICAI thinks only from the view point of member CAs; and not students. Students for them are like bonded labourers. The Government of India esp HRD ministry should intervene along with MCA and split ICAI into a academic and a regulatory portion. The reason being that presently the president is having only 1 year term; and in that too he becomes partial and makes pro-members and anti-articles laws. after one year; he is gone and is not accounted for all the bungles he has done. Then who can be held accountable?
Can the people trust SEBI run by a broker?
Similarly articles can't trust ICAI run by a practising CA with vested interest himself.
CAclubindia
