Skip to main content

ICAI doubles annual membership fee for practising CAs

I have added news alerts "Accountancy News" on MA blog about the happenings in Accountancy World so that the readers of MA blog are up-to-date with happenings. I was browsing the contents of what happened earlier and was surprised to notice ICAI doubles annual membership fees for practising CA.

ICAI President Sunil Talati said, the move is in line with the rising membership of the institute which called for developing its infrastructure, requiring huge investment.

This quite true. You will notice that ICAI is in news every other day and they want to take on all the practise assignments on the earth. You may notice ICAI has been trying to tie up with the institutes abroad or shown a commitment they want to grow internationally.

I am sure that practising members would be happy to contribute by way of increased fees since it is active step towards development. This strong base will help them grow more in long run.

You may notice the hits on ICAI website ... 13 million !!! and lot of contents for everyone in the profession.

Kudos ICAI.... Keep growing.

Regards,

Santosh Puthran

AddThis Social Bookmark Button
AddThis Feed Button



Related Posts:

  1. ICAI Unhappy with relaxation of audit norms
  2. The word "Chartered" hot debate in India
  3. Professional Body
  4. ICWAI v/s CIMA



Comments

The Bottomline is that ICAI has PAN galaxy Ambition probably one should not be amazed if one day Talati(President) comes in news saying that Only CAs can phathom the depth of the galaxy and claim for audit of deep penetration exploration to certify if really water or living creatures are available in inter-galaxial or inter-stellar celestial bodies they may also one day claim that Death of an organism(individual is a narrow term)though declared by the doctor is highly clinical and unacceptable to an economy and hence CA skills should be utilized to declare a person dead.and Internationally since no other institute in the world is well equipped(ill equipped)on ceritifying such events which ahs economic impact(insurance money on their eyes to slice).They may go a step further to disband IFAC or bring its headquarters(head-cut to quarter) in its HO.
Kudos to Business and its community and hope the democracy realises this fact soon that the profile of the institute can speak of its intention(tripple bottomline or trouble in the bottom line)
This news in Business line would all the more be wonderful and more so when edited by the current person.
santoshputhran said…
Other professionals are a mourning lot. They have to take on other areas. What ICAI is doing is commendable and they are protecting the practise areas. It is a different question that it is a monopoly. This is an area that has highlighted upon. ICAI is like a Microsoft of Accounting profession in India.

Unless an until other professions become like "Google" in the industry, they will not have a chance. Monopoly has to be dismantled thru' legal means so that general public is protected from the profession.

The point to stress on is ICAI is not complacent because of being a monopoly (remember Doordarshan in its monopoly years). But adapting to new changes !!!
First of all ICAI is not a private enterprise to be hijacked by a particular group.
Second as a corollary it cannot be accepted by the society as MS/Google.
Third Monopoly status achieved through legal means can be dismantled so but that which has core illegality cannot be uprooted with legal weapons.
Our institute should work harder no doubt or second thought on that but it doesnt bestow benefit of doubt to ICAI.
Anonymous said…
This comment has been removed by a blog administrator.

Popular posts from this blog

Learning Curve Theory

Learning Curve Theory is concerned with the idea that when a new job, process or activity commences for the first time it is likely that the workforce involved will not achieve maximum efficiency immediately. Repetition of the task is likely to make the people more confident and knowledgeable and will eventually result in a more efficient and rapid operation. Eventually the learning process will stop after continually repeating the job. As a consequence the time to complete a task will initially decline and then stabilise once efficient working is achieved. The cumulative average time per unit is assumed to decrease by a constant percentage every time that output doubles. Cumulative average time refers to the average time per unit for all units produced so far, from and including the first one made.

Major areas within management accounting where learning curve theory is likely to have consequences and suggest potential limitations of this theory.


Areas of consequence:
A Standard Costing

Resistence to Change - Approaches of Kotter and Schlesinger

The Six (6) Change Approaches of Kotter and Schlesinger is a model to prevent, decrease or minimize resistance to change in organizations.
According to Kotter and Schlesinger (1979), there are four reasons that certain people are resisting change: Parochial self-interest (some people are concerned with the implication of the change for themselves ad how it may effect their own interests, rather than considering the effects for the success of the business)Misunderstanding(communication problems; inadequate information)Low tolerance to change (certain people are very keen on security and stability in their work)Different assessments of the situation (some employees may disagree on the reasons for the change and on the advantages and disadvantages of the change process) Kotter and Schlesinger set out the following six (6) change approaches to deal with this resistance to change: Education and Communication - Where there is a lack…

Poll : Does CIMA, UK qualification add value

Poll : Does pursuing CIMA, UK qualification add value to a member of ICWAI, India ? Vote on the poll and share your thoughts by commenting the blog.


Poll: Vote here

I feel that if you are a member of ICWAI and you pursue CIMA, UK qualification, you are not adding any value to your skills since you will be learning the same. Once you are qualified, you are still a Cost & Management Accountant but from UK. For an employer, I would still have same skills and training on Management Accounting.

However if you pursue qualification like Company Secretary or CPA or ACCA, your skills are enhanced with the knowledge gained during training and passing of exams. After qualification, you are bound to follow the CPD programs of ICWAI and other institute. In competitive world, employer look for people with multiple skills.

Which one promotes you as professional better against your name:
AICWA, ACMA
or AICWA, ACS
or AICWA, CPA
or AICWA, ACCA

Amazon.co.uk Widgets



Regards,

Santosh Puthran



Do you like to be up…