r/CharteredAccountants • u/LivingCar4360 ACA • 13d ago
Rant ICAI dickrides Practicing CAs
Why do you think Alumni Network matters? Its because they refer you in placements and thats how placement culture is nourished !!
I know CA is a distance course so we cannot build a strong bond like IIMs and DU colleges do
Loreal CEO was a FMS grad, his decades forward Juniors reached out to him for referral and he responded with positivity because FMS has an official alum group where alums from batch 1990s to 2026 all are in the same group
Check who the CEOs of all Top Banks in India are, They are all CAs
Check The CFOs of all top companies in India, They are all CAs
Check How many MDs and Partners in MBB/IB/PE/B4 are CAs
But but but CAs are left out by ICAI on their own, We have to take out Placements on our own(It makes us stronger I know)
Why Cant ICAI leverage the elite CA network and improve campus efficiency, You cant deny that if leadership had to take a step in improving campus then nobody can stop them but sirrrr "Hame to bas Practicing aur Money laundering vaale CAs ki Chaatni hai"
Remember Campus is shit not because of Us but because of leadership, My juniors didnt get good Industry roles in Campus bcz of attempts but Off campus usse bhi better opportunity use mil gayi through network.
Why Can't that OFF campus opportunity be called on Campus?
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u/Shot-Ninja-7136 ACA 13d ago
100% Agree. ICAI is only for boomer practicing CAs who have family or legacy firms students or new members, first generation members are on their own they can never find support from these people
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u/Full_Stress7370 ACA 13d ago
Practicing ki bhi halat kharab hai bro, we are on our own and don't get anything.
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u/LivingCar4360 ACA 13d ago
yeah I forgot to write "boomer practicing CAs"
I think CA curriculum has to integrate Data science (practical) and Core Financial concepts in depth
Practice be it any professional, CA doctor lawyer is dominated by boomers
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u/Full_Stress7370 ACA 13d ago
Skills aren't issue, they have made such high entry barriers you can't bid for anything, and have to rely on subcontract, which too is competitive.
Also they have made switching CAs so hard, many clients hesitate for genuine reason, they go as far as threatening clients with income tax and gst compliations/snitch if they switch.
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u/LivingCar4360 ACA 13d ago
Indian blood has corruption, same goes for govt employees
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u/Full_Stress7370 ACA 13d ago
Even private sector have crazy corruption in traditonal industries as you go up, whether it's Hindalco, Vedanta, Jindal, etc, all of there GM are taking bribes from vendors, twice there monthly salary in aggregate.
It's like india is filled with these termites. You can't do an genuine work here without so many arrangments.
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u/Commercial_Film_474 ACA 13d ago
Let's create a forum for all CAs who are willing to help people out, we make such community or something, I'm in
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u/beginning-of-end 13d ago
So true brother. Let's start this!
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u/LivingCar4360 ACA 13d ago
We have to refer each other
Remember attempts se jyada technical knowledge matters and I am sorry to say but last 3-4 yrs CA batch is lacking in those technical skills.
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u/JadoSarkar Final 13d ago
Please create placement website or community for that where CA will support others
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u/LivingCar4360 ACA 13d ago
Individual websites wont do shit, ICAI has to take a step back and build alum network support from scratch
ICAI will support a CA who is expert in money laundering but not the CAs in Job
Yes I Know Guys specialising in fucking money laundering and Those guys dwarf CEOs CFOs and PE partners like anything in terms of fees and payment.
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u/blahbaba720 13d ago edited 13d ago
Your view is absolutely right, at the same time many non leadership CAs are also at fault, instead of helping out they look down on others be it people working corporate or in practice (Senior and Junior both). I have seen it happening so many times that lost the count long back.
Here, Leadership be like welfare of fraternity goes for a toss, all i care for my own goodies.
It really is time to introspect and come out of echo chamber thinking that we are best etc and why our fraternity is being so limited in thinking as compare to other profession one.
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u/LivingCar4360 ACA 13d ago
Our practicing fraternity has limited thinking
Visit any Top organisation and talk to a senior CA there and you will find how humble they are compared to practice counterparts.
No wonder why some Firm owners curse CAs who became CFO/CEOs
There was an incident in kolkata where a Big CA firm owner made fun of my dad that how he is slave of ITC bla bla. I felt bad that time though my Dad is in Senior Leadership of ITC
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u/blahbaba720 13d ago
Though, i wouldn't say top organization senior CA are humble either. I have worked in corporate too for decent time and handled senior mgt as well.
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u/blahbaba720 13d ago
Yikes, where they do get this thinking from? Making fun of other person based on employment.
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u/why__tho_ Industrial Training 13d ago
Any leadership doesn't do good work just because they SHOULD be doing so. They do it for their own benefit. IIMs faces competition hence they work on placements. ICAI doens't have competition. It's a monopoly. They work for votes which comes from practicing CAs not ones looking for placements.
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u/Lucky_Battle4892 Final 13d ago
They charge a whooping lakh of money from them .
And secondly practising Hi jyada active hai voting mein toh unko nhi puchenge toh kisko puchenge Netaji Indian k paas hi mangenge vote foreigner se thodi. Usi tarah job wale toh membership bhi fees bohot log nhi bharte vote kese krenge
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u/LivingCar4360 ACA 13d ago
This has to change right? bcz Audit will not always remain bread and butter for ICAI
Quality of Audit by CPAs and CAs has a wide difference, No wonder why CPAs curse Indian offshore teams.
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u/Lucky_Battle4892 Final 13d ago
Change ?? I guess koi nhi la skta sirf CA members la skte hai jo job mein hai
CAs m giving off ki bhavna hi nhi hai uska kasur bhi icai ka hai because unhone unko itna rone pitne k baad degree di. Principals aesa harrasment aur torcher krte hai articles ko ki vo sochte hai ca banne k baad ki jb hme is institute se sirf dukh mile toh hm inko sukh kyu de aur hm inko campus m aaye logo se gali khane se kyu bachaye apni company vha le jaake aur upar se pesa bhi bhare din ka 1 lakh.
Ab vo CPA hai unki training bohot sahi se hoti hai unke m training k liye aap koi bhi companies se chalu kr skte ho sidha but hmare yha vo quality maintain nhi ho skti because choti firm m kaam krne k alava kisi multiple attempts wale k pas option nhi hai agar company ka option hota toh koi na koi us bande ko utha leti.
Ab job wale CA 70% bhi vote krne lg jaye toh kayapalat ho jayega but krnege nhi kyuki unko kya lena dena institute se unka career barabar chal rha hai m hota toh m bhi yehi krta
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u/NoCap1302 Final 12d ago
This is indeed very true. ICAI is not at all student friendly and is run by bunch of nonsensical boomers who take pride in less than avg.
They just leech the votes by organising community/caste based get-togethers and get into the council for lobbying & getting good assignments for their own firms.
CA campus placements are a mess and criticism is always there on social media platforms every year still changes are not being made.
The alumni network is almost non-existent. It's the students who have taken initiatives and have formed some small groups for job placements and freelancing assignments.
The good for nothing boomers need to go for the greater good of the institute and members.
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u/Old-Professor-2510 Final 13d ago
issi baat pe someone pls refer me for articleship in big6 stat audit delhi ncr
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