I agree that students should be informed for the changes. But whatever changes are there in the economy and consequently in the accounting profession; is well informed by the institute in its journal.
Not only reading and information is required; but an analytical study is required.
Just imagine; why "Special Excise Audit" has been "awarded" to the members recently.
Very few members have empanelled for it because of not knowing the "excise audit norms."
My view is that; whenever any development is there, the Institute publish "exposure draft." Very few members read it and hence there is very few comments thereon.
What should be expected from the members ?
And, accordingly what is expected from the "future members" - i. e. "presently CA students ?"
CA profession is for those who are the most brilliant in the line of the CA profession. It is not a matter of just qualification.(It does not mean that other streams' students are not brilliant; but many time such students find difficult to pass CA).
AND THAT IS WHY IT IS A UNIQUE PROFESSION !