Bribe a CA, cheat the nation, get a tax refund
Page no : 3
(Guest)
In the phase India is moving in synchronising itself into the world economy and aspiring to be a world leader,there are social obligation that may be highlighted about our profession.
Articleship is one restrictive practice well known to every body.
Tommorrow if some parliamentarian raises the following questions we will be in soup:
1.Reservation in Articleship training.
2.Number of Reserved candidates(SC/ST and OBC)in public practice.
3.Profile of Auditors of listed companies and why rotation is not followed.
4.Proportion of reserved group in entire CA population.
5.Proportion CFOs who are CAs and from reserved category to the total CFOs who are CAs in listed companies.
I think this is right time the Council meet and re-orient itself on these issues which has hit MBA institute recently.
Infact there need to be alternative path to articleship.As neither everyone who passes practice the profession norarticleship is harmonising skills across board.
there were heavy incidence of dummies in the articleship training.
I think reason and wisdom should overcome shortsightedness.
JAI CA
(Guest)
For sekhar
1.I am a CS—Pl stand in q, I need u.
2. I am a MBA(non IIM)—pl stand in q, I need u for my business.
4. I am a MBA(i=IIM)—pl stand in q, I need u for entry of my business in USA and other part of world.
5. I am a CWA---pl stand in q, I was searching u since longtime. I want to handover all my business decision to ur shoulder.
6. I am ca- pl stand in clerical staff q and give one exam for vouching test and excel data entry.
(Guest)
Dear Mr. tarun,
Your name suggest that you are a professional.Show a little bit of decency while responding to other's messages.
The word ''mental hospital'' appears frequently in your mails.I feel you are thinking too much about it now.
If it fascinates you so much, take asylum there on your own.Dont ever use such language in public platform like this.It will not only hamper your credibility, but also of the profession to which you belong.
Have a nice time.
Akash.
sharma_vikascacs
(99 Points)
Replied 01 November 2007
I donot think that any challange test is necessary beacause fist all CWA's should iunder go the 3 years long training which every CA goes thru and then they should clear all the exams for CA (Final) perhaps then they can think of recognition by ICAI.
Recriprocation is only good when both the insttutes maintian same standards which i thinks is not true here while CA is a realtively long course and every student has to undergo the grind ICWA is provides lot of relaxation and the exams for taxation and Accountacny are not that tought plus they have virtually no theortical or practical kowledge in Audit. Recognition at this time byICAI will lead to lot of unskilled entry in our profession and the standards will come down which is unhealthy for the professionals as a whole. At this point when we should be all geared up to fight with foriegn professionals insititutes we are fighting with ourselves. So I think ICWAI can do lot of other things for its member not just try to snatch CA's recognition. ICWA's course curriculam provides all toghether different skills to its members which perhaps not apt for CA's field gives them lot of other avenues where they can proove their metal. But what my experience suggests that they always try to compare them with CA's and bear any enivious eye to the position , recognition and fame enjoyed by CA profession
Prakash Popat
(3134 Points)
Replied 01 November 2007
Even Commerce Graduate R not sufficient for real development of country and You fight for senseless causes,Unfortunately this C.a professions do not have specialisations fields like medical faculty,such as ENT surgeons,Orthopedician,likewise.............and people expecting everythings from thier ca.fine but Other temples R equally pure...........so no need to comments on CWA,ICWA...........cs.........MBA...............whatever.
Prakash Popat
(3134 Points)
Replied 01 November 2007
Respect their achievements in thier respective fields.
Prakash Popat
(3134 Points)
Replied 01 November 2007
Respect their achievements in thier respective fields.
(Guest)
Mr.Prakash
Unfortunately the ICAI is all out to claim exclusivity in all zones fearing competition.This shows their mind set.Encroaching and estopping had been their job all along..
Be it name change of ICWAI-they have been indulging in estopping for 25 years as late as 2005 and continue to do so untill one month last.Though their 50 years issue of the magazine contains the importance of their retaining chartered in their name which is not at all relevant in a Indian Democratic republic and reflects their slavery to the queen of england.
Estopping ICWAI to be defined as accountants and by virtue of it to enable cost accountants audit accounts of tax payer in Incoem tax act since 1984.
estopping ICWAI members from attempting CA exam by inherent proprietary right of articleship(most of it granted dummy).
Estopping Cost audit to be applied across board very tacitly.
Power corrupts absolute power corrupts absolutely is the saying and as it goes the power gained by them has always been used to obstruct progress of others .with this mind and when u see the developments of accounting profession across the world u will wonder if the ICAI is a statutory institute with social obligation or an extention of business associateship acting against the interest of public cause.
sharma_vikascacs
(99 Points)
Replied 02 November 2007
DEAR MR. ROBERT,
YOUR ARE TOO HYPED UP ABOUT UR ICWA CAUSE IF U FEEL SO PROUD BE CALLED AS CWA WHY ARE U USING CMA, INFACT EVERY CWA NOW A DAYS IS PERHAPS THEY ARE NOT SURE OF THEIR IDENTITY AND THEY ARE CAMOUFALGING ABOUT BY USING CMA SEE WHAT EVER UR ARE SAYING ABSOLUTE RUBBISH AND THE REASON WHY CWA IS CRIBBING FOR RECOGNITION IS THAT THEY CAN NOT SURVIVE THE COMPETION AS THEY DONOT HAVE THAT SKILLLS. OTHEWISE HAD THEY BEEN SO GOOD THEY WOULD NOT HAVE BEEN CLAIMING TAX AUDITS IT MEANS THEIR MEMBERS NEED SOME SORT OF STATUTORY CLUTCHES SO THAT THEY CAN WALK THE PROFESSIONAL FIELD . THIS IS NOT TRUE FOR CA'S AS DESPITE THE STAUTORY RECOGNITION AVAILAABLE TO THEM LOT OF THEM ARE GOING FOR JOBS AS THEY WANT TO PROVE THEMSELVES OTHEWISE PRACTICING WOULD HAVE BEEN EASY MONEY FOR THEM SO DO NOT U EVER SAY THAT ICAI IS ANTI COMEPTITION
(Guest)
World has accepted that CWAs are CMA. ultimately it is central council decision to write CMA. Govt also will allow soon.
But it has proved Chartered name no relevance in India.it is copied from UK. this is reason ICAEW has terminated all mutual arrangement agreement with ICAI. UK authority has not allowed ICFAA(Institute of Chartered Financial Accountants of America) for open ICFAA operation. because, only Chartered name bear with ICFAA. U CAs always survive and spend urs life. Practically in your articleship u learn only Vouching and data entry. on fear of ICWA. ICA name should be changed IFAI- Institute of Financial Accountants of India.
so, live cool without fear of ICWAI.
Shashwat Shekhar
(Assistant Manager)
(3528 Points)
Replied 02 November 2007
Hey nalini, why dont u join CWAclubindia.If u dislike CA word that much, this is not the forum for u
(Guest)
The group is open for CAs CWA/CMAsMBAs and CS.
Name change issue is in the open after the objection before the parliamentary standing committee by ICAI that Management is a function and not a exclusive domain(Was works not a function and not a exclusive domain).
ICMAI/IICMA are result of change by the parent body from ICWA-london to ICMA-L and CIMA(UK).No such development occured in case of ICAEW,or any other chartered body across the world.
CMA prefix is approved by the council of ICWAI as CS by ICSI and CA by ICAI as usual vested interest pressurised MCA to shoot a dissenting letter to ICWA questioning the prefix and the reply was Apt .
ICWA act defines a member of the institute as a cost accountant-abbreviated as CA like member of the ICAI institute as Chartered accountants-abbreviated as CA.Should the MCA like the prefix of CA for the members of the ICWAI member.But the dispute is still open at somebodys behest.
Why is ICAI so big a body so insecure?
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