Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: empanelment :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: form 3cd :: VAT Audit :: due date for vat payment :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt
« News Headlines »
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest
 Big changes for small units under GST
 Parliament’s winter session to begin on November 16 to expedite GST rollout
 Income-tax (27th Amendment) Rules, 2016 - 92/2016
 Announcement - Clarifications in Respect of MEF 2016-17
 Non-taxing GST apps to make filing income tax return less painful

CA contenders get shot in the arm
March, 13th 2007

ICAI proposes new course for accounting technicians 
In a move that could open up an entirely new stream in the accounting profession and create millions of jobs, the Institute of Chartered Accountants of India has proposed a new course for those who could not crack the CA exams. All those who always aspired to make it big in accountancy but failed to break through the exams, reputed for their dismal pass percentage, could try clearing Accounting Technicians course.

For the accounting profession, this would be the equivalent of the ITI's diploma in engineering vis-a-vis the B Tech from the IITs.
ICAI, the apex governing body for Charetered Accountantancy professionals in India, has recommended to the government that all those who could not clear the CA course be enrolled for a new short-term course that would open the doors for their entry into the profession, though not as CAs but as accountancy professionals.

In its representation to the ministry of company affairs, ICAI has advocated introduction of a course for Accounting Technicians course for such candidates. We have submitted our proposal to Ministry and are awaiting its approval, ICAI President Sunil Talati said told FE.

The Accounting Technicians could come in handy at junior levels, he said, adding that details about the course length and its curriculum would be worked out once an approval was received.

"Business and economy in India are developing rapidly. They can be the best products to write, maintain accounts and we have recommended that a course be started to induct them into the profession," Talati said.

He added that there was an "acute shortage" of accountancy professionals in India and induction of professionals, who though could not clear the final hurdle, would help meet the shortage.

Calculating the future
For the accounting profession, accounting technicians would be the equivalent of the ITI's diploma in engineering vis-a-vis the B Tech from the IITs
Of around 40,000 candidates appearing for the CA final exam, only around 8,000 clear the final hurdle every year
As per estimates, the fast-growing Indian economy faces large shortage of accountants, in lakhs. How do we meet the demand, he questioned.

The pass percentage of CAs has been dismal, though ICAI has recently made changes in its course structure and even reduced its length from over 5 years to just over four years. Of around 40,000 candidates appearing for the CA final exam, only around 8,000 clear the final hurdle every year.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions