As a UK
Qualified Chartered Accountant, who had to completely depend on my monthly
income as a Student Trainee Accountant to live, I have been a critic of the CA
Sri Lanka, and its practices vis a vis its students for a very long time. CA
Sri Lanka uses false advertising practices to entice students to enroll with
them, without coming clean on what the students can expect and the chances they
may have of survival through to qualification and admittance into the Institute
of Chartered Accountants of Sri Lanka.
I might add that
I never applied for reciprocity to get admittance into the Sri Lanka Institute
as I would then be a party to this crime, and would not be strong enough to
affect any change from within. I have had very constructive debates with my
father who is one of the oldest living Chartered Accountants in Sri Lanka, and
who has NOT had any recognition of his contribution to employing, preparing and
encouraging future Leaders of Sri Lanka, many who now occupy the highest
positions of Government, Commerce and Industry in Sri Lanka, over this very
issue!
It is therefore
with interest that I just read another article by a recent student who is
articulate enough to further elaborate another aspect of deficiency of the Institute
by incongruous rules built into the Student Training Contracts, so as to effective
enslave them!
the CA Sri Lanka
elected officials had better take heed to these warnings sooner rather than
later, if they are NOT to face a class action lawsuit that will put all these
partners in big audit firms in jail for infringing on the human rights of the
people they purport to assist!
As a Chartered
Accountant, I can firmly say that the training and potential training can give
an individual what it takes to lead any Organization or even any Government
anywhere in the world. It is therefore necessary that the people who enter this
field are selected on all round capability and rewarded in a way to maximize
their productivity to our society as
they can contribute immensely to the development process of Sri Lanka, and the
short sighted failures of society namely the Partners in Large Firms who just
vegetate there as they will not be able to find employment anywhere else, are
left to Lord it over CA Sri Lanka, and determine the fate of thousands of the
best in Sri Lanka, and possibly suppress the creativity and talent of those who
enter the training period, by their very actions, aimed merely at protecting their
turf and their income.
This is NO
DIFFERENT to the JVP unions who have resulted in some extremely promising
companies closing down and leaving Sri Lanka, due to their selfish practices,
only thinking of their personal well-being instead of the greater good of the Nation,
the recurring topic of this blog.
3 comments:
You raise some important points, you got me thinking a bit on the subject - put my own thoughts here:
http://jestforkicks.blogspot.com/2015/06/ca-sri-lanka-audit-firms-their-slaves.html
I read Jack Point's post and left a comment there. I think it's relevant to be posted here as well.
When I was an audit trainee back in the early 90's our starting "allowance" was Rs.700/- and when we went on a new audit we had to carry several box files, wear ties and travel by bus in the afternoon dripping of sweat! Finding old files in the stores was a job dedicated to junior trainees and I can remember when we used to even climb ladders in office attire sometimes to find an old, dust covered file to get information. The trainees these days have laptops, travel in A/C luxury and are paid a "princely" starting allowance of Rs.5,000/-!
And I worked for one of the big five firms whose name starts with an E! Nevertheless, although I agree with the sentiments that trainees are grossly underpaid, overworked and it should improve for better, the training and the experience I got as an audit trainee was invaluable and those foundations are what still keep me going as an experienced accountant today.
Iranda K.
As a UK Qualified Chartered Accountant, who had to completely depend on my monthly income as a Student Trainee Accountant to live, contadores publicos
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