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HERE GIVE NEW ICAI PRES. SUGGESTIONS!!!

CA SUDHIR HALAKHANDI (PRACTICING CHARTERED ACCOUNTANT) (13196 Points)

06 February 2009

HERE GIVE YOUR SUGGESTIONS TO THE NEW PRESIDENT OF THE ICAI FOR IMPROVEMENT OF THE PROFESSION- CA SUDHIR HALAKHNADI

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3 Replies

Kram (CA Job) (437 Points)
Replied 06 February 2009

Request the President and VP to act with maturity.

Request them to keep in view not the interests of Big 4 audit firms BUT KEEP IN MIND THE THOUSANDS OF INDIVIDUAL CA's who face there employers / clients EVERY DAY.

Pls KEEP them in mind and keep the reputation of CA's intact

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Shamsudeen Ali (auditor) (22 Points)
Replied 08 February 2009

1) The Institute should revise its rules ( or ask the Paraliment to revise) to allow any President to continue in office for at least 2 years to allow him to complete the plan of activities which he wants to complete. One year is too short a time.

2) All actions taken against the erring audit firms should be followed up by the new president in its full spirit.

3) CAs should be compulsory given assignments in Co-operative audits, where a lot of scam is occuring everywhere. President should take action for implementing this. ( We are fed up with that it is a state issue )

5) Minimum remuneration @ not less than Rs 20000/ per month should be fixed for internal audit works throughout all government companies and public sector bank branches since Institue had come with audit standards etc for the internal audit. To follow the standards require a detailed reveiw & minimum time limit for which the present paltry fees is not sufficient. The President should discuss this with the concerend government and Reserve Bank authorties.

Thanks