Foregin Audit Firms

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CMA. CS. Sanjay Gupta ("PROUD TO BE AN INDIAN") (114220 Points)
Replied 06 September 2010

Originally posted by : CA SURENDRA KUMAR RAKHECHA
	If one is not expert in his field; then ultimately one day he will not survive. A qualified person gets low salary because he has not sharpen his various skills and has not updated himself regarding various professional issues. Let foreign firms come; presently employed CA will also get more salaries than now. Ask why ? Because without the help of local persons; they would not be able to run their firms. These foreign firms work in some system which is not followed here in India by most of the CA firms. Further; there is a tendency of Indian public to pay more for foreign item than the item which is made in India. Mera Bharat Mahaan !!

1 Like

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CMA Arif Farooqui (Cost Accountant) (4798 Points)
Replied 06 September 2010

Originally posted by : CMA.Devarajan Swaminathan
	Hello Arif, Thanks for inviting me to comment. However, I really do not have much to comment on this topic, as it impacts basically ICAI, their members and students. Its their call.

sir,

just have a opnion on this. remember once foreigh firm allowed to do financial audir then soner or later they will allow to do Cost Audit & Management audit too. may be permission will given to them for sectrail work too.

in my opinion they should be allow. in result we wiil learn a lot from them and in mean time Indian firm too find work in some of developing countries. Toughest will servive.

1 Like

anuj dhingra (Accounts Executive) (152 Points)
Replied 07 September 2010

Hey helloooooooooooooooo, obama is aganist outsourcing. why would we favour this. a big Noooooooooo from my side. Reason : kya india main professional ki kami Hai. what about the Future of Ca/ cwa / Cs. result to aur bhi kum ayega. then you will come to know, what will be the effect of this. everyone stop thinking to do ca/cs/cwa. they will approach to foreign audit firm. would u like to work like a slave of foreign audit firm. Recommendation : if foriegn co. are facing some problem regarding audit. govt should have a meeting with them & Listen their problems. we should Develop a course as per their needs . which is only for the professionals. so that it will not effect the life of professionals like ca, cs, cwa.