Something New Is Coming In CA

[kamranACA]

Vital

This subject has been discussed at length on other threads and I have always been quite categorical in giving my remarks on such a thought.

The people in our industry their-self are always dependent on firms for professional work and assistance be it whatever top notch local or multinational. How can they train CA students? After-all what would we be achieving by doing this? Have you visited our industry and seen their accounts departments? CA students are not supposed to be trained ONLY for one sector say, textile sector, or sugar or banking or consumer products or construction/engineering etc. They need to see the world, so that they learn how to fit-in in a given system. If we will ask them to sit in an engineering company for 3 years, they will not even be 20% of the normal CA trainee student trained by a quality firm. Further, still there are very big questions on such an anticipated arrangement; how industry's training will be monitored?, what is the industry's interest in intaking such trainees?, how industry will be forced to follow Training Regulations?, would a mentor at industry take similar responsibilities and pain?, if yes, then what would be his interest in doing so?, what would be the solution if some mentor in industry and his boss or board or other directives do not agree on a particualer thing? etc etc.

We just forget that all ICAEW, CIMA and ACCA students can join industry for training even at this moment, then what is the outcome of such possibility? How many got training placements, active interested mentors, proper rotation to learn work on all facets, and eventually a well structured training? How many?

For imparting training you need an environment that is focused on training and not merely on routine working. Training needs A CONTINUOUS PROCESS OF delegation, supervision and review; a process of very close guidance, monitoring and continuous correction. It requires emerging new challenges, new opportunities, diversification, and accomplishments.

I wonder if industry can provide even an environment to train a person at the level that is expected for CA in Pakistan.

Regards