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.