3 months, 1 week ago mycaguruKeymaster
CA raised serious issues against ICAI CA Annual Function
CA raised serious issues against ICAI CA Annual Function: On 07th of February, I got an opportunity to attend 68th ICAI Annual Function at Vigyan Bhawan, New Delhi. It was an august gathering with all eminent personalities from the Institute and the CA Community. Ministers from government – CA Suresh Prabhu (Hon’ble Union Minister of Commerce & Industry) and Shri P.P. Chaudhary (Hon’ble Union Minister of state for Corporate Affairs and Law & Justice) were also present to enlighten us with their vision of new India.
During the event, just after the ICAI President’s address about the performance and achievements of CA Institute in the last year. There was one person from the audience (most probably a Chartered Accountant) who stood up and went to the stage to make a plea on the behalf of ICAI Members and CA Students.
Also read- Flexi Business Loan for CA’s
A Video of his plea:
3 Main Issues from his plea:
- For Members: There’s an unwarranted increase in the membership fees of the Institute and lack of proper arrangements for the CA Day celebration where many Chartered Accountants could not get entry.
- For Students: Mismatch of Nov 17 CA Final results, which clearly raised questions on the integrity of the results declared and transparency of Institute. As he said ‘The result came out on 17th and was changed later on. Initially names of 24,000 students were mentioned in the list sent to branches, but later on it was reduced to 19,000 without any legitimate reason. What about those 5,000 students who have already celebrated? What right you (the Institute) have got to play with future of those students?’ Also, another point raised was increase in fees for CA students from the introduction of new course which has resulted to more burden on the students coming into the profession.
- For ICAI Employees: On the same day when Institute was celebrating their 68th Annual Function, more than 300 employees of the Institute were on strike for their 7th pay commission, negligent work culture and bad working conditions in the organization. Howsoever hard Institute may try to turn a blind eye to these issues and complaints, there is clearly something wrong with this bureaucratic and politically ill mechanism which is acting as a deterrent to the Institute’s potential to grow by leaps and bounds.
Statistics from Institutes Website:
What’s your opinion on this? Please share in the comments below.