rachana (job) (48 Points)
24 November 2012Now a days CAs are asked to prepare proift & loss accounts while appearing for interview....dont u think so it is a big slap on CA fraternity coz atfer being CA you are ask to post entries for salary nd office expenditure.........either interviewers dont have trust on institutes' credibility or there is no credit left for a CA...
i m sorry guys if i am hurting anybody but it is very shocking for me as well
Pankaj Agarwala
(Pankaj Agarwala & Associates)
(58 Points)
Replied 24 November 2012
Dear Rachna,
Your concern is really a question to oyr fraternity BUT from point of view of an interviewer, Interviewer during the course of Interview can ask / ask any thing which he feels is of his concern and add values to his company / business unit. Selecting a candidate for a particular job by just few minutes of gossips or talks might not always be a perfect decision.
Even during my course of careers, I came across many of great CA's who actually don't know to prepare Profit & Loss Account in practical world but very comfortable when ask to prepare in note book.
Well this is something which is your personal view and I too am sharing my opinion.
Let Interviewer be free to test us in any ways he want... We are Proud to be a CA and ready for any tests. Dont get hurt.
Ravishankar K
(Accountant)
(461 Points)
Replied 24 November 2012
Dear see, im not a CA but let me tell you my experience, we have appointed one internal auditor and they submitted a very simple bill (those CA qualified people) for internal audit fees of Rs.10000 + Stax , in their bill neither their reg no nor stax no is mentioned. As per law it is essential to mention these nos, but they have not given, also they did not give revenue stamped invoice, (for more than 5000rs) inspite of asking them a revenue stamped receipt they gave a plain receipt, while auditing auditors point out to us that the bill passed by us is not submitted in proper format and they themselves dont give proper bills. How to ask this to CA, and by working in government we are aware of all rules and regulations, hence we find that the internal auditors / CA who come to audit our accounts do a very leisure audit and then leave, to write there are many things, but coming to your point of preparing P&L Ac.
an engineer no matter whatsover his qualification may be, Mtech PHD, should not hesitate to grease his hands and repair the machinery, similar no matter whatever your qualification be it CA or ICWA you should never hesitate to do work,
and if you feel that CA only does high level work listen from me we have made CA s to check our vouchers and arrange them in order, which even a 12 pass student can do. Even IAS, BE people do jobs which really is not worth doing, i have heard BE people in big MNCs do take stock surveys . This is the practical job scenario. You have to adjust and go with it.
Hence whatsover your qualification dont lose the humbleness of human being. All the best for your future, and prepare P& L A/c 
pratik upadhyay
(AUDIT COMPLIANCE OFFICER)
(469 Points)
Replied 25 November 2012
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
