source:
www.icai.org
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26263 Points)
Replied 23 July 2010
The issue is running since 2003 when the above matter was discussed. During the Seminar in 2003; I put the question where is the model ? No answer was there.
The benefit was enjoyed by those who could understand that preference was given to such firms at the time of empanelments.
Now in 2010; when many banks have been given authority to appoint their own auditors; then I don't think there is benefit for capacity building for such purpose.
The need of hour is for CAPACITY BUILDING OF CA STUDENTS !
There are huge opportunities which could be easily enjoyed at the time of training.
Since the students are computer savvy; so I hope that such types of project would be undertaken by them.
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26263 Points)
Replied 26 July 2010
Regarding Transfer Pricing arrangement; the efforts are commendable because the original cost of the access is Rs.75,000/- which has brought down to Rs.10,000/- with the efforts of CA Dhinal Shah, a team member of the Central Council, Ahmedabad.