Wednesday, May 7, 2014

[aaykarbhavan] Awake or Sleep forever



Respected Members,
With the mountain of duties and responsibilities casted on the professionals in CA, 2013 and by MCA Circulars ans Notifications, Do you think that professionals would "Venture" to perform audits/certifications. Though professionals should perform their and carry out their duties with full honesty,sincerity, independence,  and diligence but with the over-burden of responsibilities casted on Auditors and the  penalties on failure to perform as per stipulated provisions is actually a "Third Degree Torture".

Fees that is received, amount of skill people that would be required, management co-operation etc all have been overlooked in framing the stringent provisions.
Even companies will vanish and entrepreneurs would never think of starting company.

Its time that we CA, CS join hands and raise our voices against it. Let us not wait and expect somebody else to put forward our plight.
 I would like to  request all the group members, moderators, ICAI/CS Branch office representatives and each and every professional to join hands
and to raise voices against the same and let us in a professional and dignified manner put across our situation to Minstry.

Its Every Individual choice to either awake and do something or to sleep and forget audits.
 
Regards
Prarthana Jalan


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