Nani Palkhiwala had once mentioned that if the government makes the rules and regulations simple and clear, there will be more voluntary compliance, without requiring the services of CAs and Lawyers. They take hefty fees but take no responsibility for their work. Many CAs are the developers and maintainers of corrupt channels in the financial systems of any country. There will be more unemployment for these tribes in the days to come. CAs may be brilliant bookkeepers but they can not be compared with IIM grads, who actually make business happen. If CAs have to surge ahead, perhaps they have to look within and do some soul searching, bright future is theirs.
Re: CAs are the Mecauley's favourites....
by laxman patel on Aug 12, 2015 12:30 PM
Dear raveendra it is not that CA's are only bookkeepers. Due to loads of rules and regulations in our country they are equipped and concentrated on only these areas , Take the same CA's who are working abroad are doing equally good as other finance professionals, since there they are concentrating on managerial aspects . given the opportunity they are good enough
Keep it up! The CA institute also does campus placements, but the amount of fixed charges they ask for is exorbitant that it puts off recruiters. Even the likes of IIM - Ahmedabad, charge you only when you recruit and not for just going to campus and conducting interviews, but the CA institute charges upto 5 lakh for even going and conducting an interview.
There is another profession called Cost Accountant. He has either missed by choice or chance. Hope portal extends to this also, only if this entrepreneurship is unbiased.
A very nice gesture by a young person for his fellow colleagues. Actually it is the job of the Institute of Chartered Accountants of India but their Presidents and office bearers are mostly publicity hungry people who do very little for the successful candidates who pass the examination after great efforts and difficulties. This Presidents and Office bearers themselves are well settled in their business but do very little for the candidates and now the time will come when students will prefer to do MBA or other course than wasting their valuable years in completing CA and at the end find very difficult to get a a suitable job and are compelled to accept unsuitable job with less remuneration. It is also notice that Chartered Accountants generally dont like their assistants or juniors to have better prospects who may later may compete with themselves. I will not advice any bright students to persue CA and advice him to either go for Enginneering or MBA where job opportunities are more. My congratulation and best wishes to Anurag Singal for understanding the plight and hardship faced by young Chartered Accountants and his sincere desire to help them.
Really good initiative. Though the institute is having a campus interview program, it helps very few of them. It is not that CAs are not getting job, getting fitting job for fitting candidate is value addition. All the best, Keep it up.
Good initiative by Vikas. Being a Fellow CA it realy hurt to see CA's finding difficulty in getting good job. I think the main reason is increasing turnout of CA's. Till few years back the passing % of CA's used to be roughly 2-3%. I think this has now increased many fold. Another reason which is lowering the standard is the dummy articleship. Institute need to look into this and ensure that articleship is taken seriously.
industry/any business person would not be interested to invest on non productive assignments...and they need contacts and good liason to handle govt depts.
