Mr Rakecha,
I must have really woken up the 'politician' within you. Typical of their style you have put efforts to look for any articles/forums I have written and bring that up. Whereas my comment was limited to your post in this matter alone. However let me say few things - Your comprehension of my article - Let's make accounting simple - is poor and your intrepretations worse.
The point of the article was to make the 'accounting' subject relevant to business promoters and decision makers so that they find value in financial statements. It's a nuanced debate and not like your post here - narrow and self-serving. If you failed to understand an article written in simple english I can help - just ask me what I meant there. To add, nowhere I have linked CA exams to accounting in that article - not CA final, not inter or not even CPT. My ideas were grander, far sighted and sweeping the whole accounting profession. ICAI doesn't have monopoly over accounting standards anymore. It's IFRS and next, US GAAP that are guiding standard setting across the world. My ideas was that we should focus on more complicated topics in financial management such as fund-raising, practical aspects of M&A, cross border taxation, organization behavious, business strategy etc. We should introduce tougher topics like these in CA curriculum. This was the message Sir. I would not stoop down to garner publicity by comparing exam results and blind jabbing ICAI.
On the point of advertisement and publicity - Looks like I caught you with your pants down. So you have been advertising! Sadly you choose to ADVERTISE not your knowledge about tax or accounting or law, but your 'political' skills by slandering ICAI and garnering students sympathy. This is like our politicians hurriedly visiting a town soon after a flood or earthquake hits and promising support. But I appreciate you have been honest. I would henceforth take all your statements with a lots of salt. Because your true intentions are something else, which poor students don't know. All they think is - Mr. Rakecha is a practising CA hence he will be only saying the truth.
Next point - Where have I said below that CA Final exams must be toughest? Mr. Rakecha please read again;
Most of you guys sound like you want the CA qualification, but you need it in your own terms viz easy final exams. Unfortunately nowhere in the world students get to decide the criteria of the courses that they enroll-in It's very well know that CA exams are tough. It has been this way since the last 50 years! If CA exams were easy then the respect that this course enjoys would simply go away. So instead of doing protests (which no one will bother anycase) kindly spend time working towards the course. Else, please go ahead and pursue other courses such as MBA which you think are better. Since you cleared the initial level in the CA exam you are demanding that the entry criteria be strengthed, prospectively to your advantage. What about the future students who will take up these entrance exams? There are many who fail or perform average in the entrance test but do well to clear the final exam and become CAs. You can't have the cake and eat it too. You also benefitted from easy entry level critera. You cannot now say that make it strict. And compensate by lower final exam standards."
Read more at: /forum/details.asp?mod_id=277495&offset=11#.UuR_8RC6bIU
As a practising CA I am assuming you have fair skills at at reading. Nowhere above have I argued that 'CA final exams must be toughest'. I only said 'don't compensate by lowering final exam standards'. These are two different things. This misquoting again is due to the 'politician' within you - try and twist statements that others have made to prove your point.
Mr Rakecha - Please present your arguments in this forum here instead of beating around the bush. Try be professional and not political.
CAclubindia
