WE never wished to raise this Topic, Our policies and Ethics with which our work is constructed demands to convey the facts arising there upon with your Study, circulant, so as to make you more cautious. 

As we started inquiring students how were they going with CA Articeship and New entrants of CA Inter we came across some major issues prevailing mainly in the South Zone which bringing in Light will make you more aware of Facts .

The Issue is “The Steep fall in Vacancies for New entrants in the states of AP , Karnataka etc”. Before two years a New CA IPCC G 1 entrant was given around stipend of not less than 5k and now the scenario is such the same student is hardly making to 3 to 4k.  As calculated with the Inflation rates Stipend amount should be considerably increased, unfortunately the situation is inversely proportional the reason are many to the standards we are able to get a brief overview to your concern.

Supply Vs Demand:

                        As speaking strict economics the supply of good should always meet the demand. If in case supply is in excess of demand, it will result in decreasing the price of the product the same is case for us. The CA firms are not in state to absorb Supply of New entrants at all.  The Happening is that when Student gets recruited in a CA firm or Co. a permanent fixed time for 3 years must be under it. The period vacancy is be hold for locking period of 3 years and no more vacancy can arise in his/ her place till opted for transfer/ termination of CA  Articleship with that Firm

Reasons for more Supply:

1 .Low Standards of Question Papers:
                                          As per the analysis made on Previous Question Papers of Past Ten years Nov 2011 attempt’s Question papers can be considered to be designed focusing on basic formulas and concepts. An average student can easily have and has cracked the exam with much ease . The decrease in standards of Question Papers are hold a positive sign by ICAI by which CA dream has now less effort many more can fulfill this.

2. Scenario before:
                         Dating back to when PE 1 and PE 2 were conducted and the entrants were requested to join in the firms though they had CA FINAL for them and as of now many resumes of new entrants are rejected with no mercy. Demand for CA Articles was more then compared to now.

3. Job first Practice Next:
                                The latest bulletin news by ICAI said the newly qualified have become more job Seekers and fewer practitioners. As in case of Practice there is lag time for gaining the clients and getting reputation and goodwill which newly qualified who has just completed his course and is full of hunger to earn good dollars would never opt. It can be said the Corporate are eating away the newly qualified and hallowing the path for CA practitioners. Where a newly qualified CA is given secured future with best benefits no longer which for practicing can exist except those having a strong desire for Self Employment

4. Say YES!! To less:
                      Banging head without being employed is worse than nodding head for less Stipend. No option left to the confused students but just accepting dissatisfied workplace.

What we recommend to ICAI?

1. Include practicing must for CA member for at least a period of 5 years after certain period of being employed

2. Tie Up with for creating more vacancies, recognizing CA Articleship and giving it complete Job profile in Companies

3. Employee CA with Article:

                              So far only CA Firms or CA in practice is employing CA student, Of course many companies are doing the same.

For Example: A internal Auditor of Company should have a Article working under with him.

5. Decrease the period of CA Articleship so as to decrease locking period

6.Focusing more on CA Industrial Training giving it due importance as given to CA Articleship.

Comments Welcomed:

 The writer of this Article is Author / Admin and Founder of www.castudyguide.com.

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