Attention all the CA Students and Chartered Accountants. Dont Miss this one. This news is really important. The Bad News & The Good News M. Devaraja Reddy, Chief Coordinator of ICAI from Hyderabad. “The ICAI president has made the exam stricter and the valuators accountable by scrapping moderation of marks,” Stricter norms “Application and fundamentals are being tested now and answer scripts given to each evaluator are also reduced by 50 per cent, thus ensuring quality,” he adds. Mushrooming coaching institutes have diluted standards and students with no aptitude for CA are being lured with fancy promotions using film stars, particularly in A.P, Mr. Devaraja Reddy says. Tarun Ghia, member of the Central Council of ICAI also agrees that fake articleship, over-dependence on material from coaching institutes’ and rote-learning has led to a fall in standards. Mr. Reddy said ICAI will soon come out with an awareness campaign against the unethical promotions and false propaganda of coaching institutes. The good news However, ICAI is thrilled with many CAs being picked up by varied firms from infrastructure, hospitality and IT, offering high salaries. “CAs are considered all-rounders as they have knowledge not just in accounts but also understand law, taxation and financial implications of new policies better than others,” Mr. Ghia explained. Last year, the average salary offered to fresh CAs was Rs.7.30 lakh and Rs.7.11 lakh, up from Rs.6.12 lakh and Rs.6.75 lakh, respectively, last year. About 120 companies comprising FMCG, IT, telecom, auto and financial services recruited 1,600 candidates last year. This information was published in The Hindu on 5th March, 2014
Posted on: Tue, 24 Jun 2014 08:20:34 +0000
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