02-23-2010, 11:18 PM
Dears
Induction of students and employees and trainees etc is not something to be governed by ICAP as far as choice is concerned. I said earlier that it is a commercialized activity.
Yes, if CA students have to be inducted, then ICAP has regulations and by-laws about how to do it. Here ICAP is in a way favoring students of other designations as it has put restrictive limit of per partner students (CA) to be trained by a firm whereas firms are not obliged to follow any such limit in case of non CA trainees. Firms are obliged to pay minimum prescribed stipends to CA students which condition does not exist in other cases. So largely for commercial reasons other students are inducted at lower stipends. There are strict regulations and conditions and code of conduct for CA students training but nothing is there is case of other students.
So intaking other students is easier, cheaper and carries lesser restrictive or regulatory conditions. That's why I believe there is not a perfect competition.
Situation gets deteriorated when NON-CA trainees are inducted for "commercial" reasons on lower stipend etc. and CA students get ignored.
In my view "perfect" competition should not be affected but it should be a real balanced competition. It will be reached when
- ACCA chapter will be active enough to initiate a process of registring the training contracts of students with firms for predetermined period with an option of inter-firms tranfsers through NOC.
- ICAP and ACCA chapter should jointly bring stipends of firms for ACCA trainees at par with CA students on the basis of predetermined thresh-holds.such thresh-hold may treat ACCA affiliate equal to CA Inter or otherwise but should be in black and white. I believe ACCA chapter is not yet doing this for its students.
- there must be written and agreed terms of reference or training regulations for the training of ACCA students and firms should be obliged to get registered as Training Organization for ACCA students.
- rights and duties and codes of conduct for non CA trainees should also be explicit.
- exactly like CA students, firms should be placed with restrictive limit of per partner trainees of other designations as well. And this should be done jointly by ACCA, ICAP or any other designation provider and ICAP.
Once these basics will be achieved along with other necessary things, then we may call that a competition exists. Let me tell you that currently ACCAs and others are not being preferred over CA students for qualitative reasons. Of course this affects CA students who are in fact the primary input for this country' economy.
I agree we need a perfect and balanced competition and students entry should be made on qualitative basis.
Regards,
Kamran.
