Seeking Indian Chartered Accountants

Chartered accountants from India are topping most-desired lists of American accounting firms. The firms are seeking to hire those Indian accountants with good English communication skills reports the Times of India.

Referring to an exclusionary request from U.S. accounting firms, Sunil Talati, central council member of the Institute of Chartered Accountants in India (ICAI) speaking in the Times of India said, “A lack of proficiency in English and poor presentation skills of graduates from all universities in Gujarat are primary reasons.” “Communication skills were found to be poor in CAs across India, with Gajarat faring worse than others,” said Jayesh M. Shah, chairman of the Ahmedabad branch of ICAI, also speaking in the Times of India.


Advertisement


Click Here
The combined advantage of PPC and Checkpoint® for integrated tax compliance and planning

RIA's Checkpoint has now integrated the industry's leading tax compliance and planning resources from PPC PPC’s Tax Deskbooks™, renowned for the unique Key Issues Approach to step-by-step return preparation, and PPC’s Business Tax Planning Library™, which provides tax return roadmaps and practice aids to quickly identify potential tax planning opportunities from completed tax returns.

Try PPC's Tax Deskbooks™ on Checkpoint and PPC's Business Tax Planning Library™ on Checkpoint FREE for 30 days.

The Times of India reports that with the passage of the Sarbanes-Oxley Act, workloads have increased and caused a talent shortage leading the Big Four U.S. accounting firms to only seek candidates in “English-speaking” cities such as Mumbai, Chennai, and Bangalore.

Three years ago, ICAI initiated the General Management and Communication Skills capsule as a required part of the curriculum for Chartered Accountants. The ICAI regulates the profession of Chartered Accountancy in India. The organization has initiated this and other educational activities to keep up with international developments economics, trade, and industry.

ICAI has given institutional and technical support to the establishment of the Institute of Chartered Accountants of Nepal. ICAI have also helped other CA organizations in Mauritius, Oman, Sri Lanka, and has opened an office in Dubai to facilitate activities in the Middle East.

The ICAI also has a Memorandum of Understanding with the Chinese Institute of Certified Public Accountants for support in areas of peer review, financial report review, and post qualification courses according to News Today. ICAI will have an agreement with the Institute of Certified Public Accountants of Singapore soon with the signing of the Comprehensive Economic Cooperation Agreement between India and Singapore.

In related Indian accounting news reported in Rediff, the Delhi high court issued a notice responding to a petition filed by the Bar Council of India to permitting only chartered accountants and cost accountants to “carry out” their profession. The petition also sought to allow only accounting professionals to appear before the Income Tax Appellate Tribunal and the Appellate Tribunal Sales Tax. In filing the petition, the Bar Council sought to maintain the high standards in the accounting profession.

Rediff reported that the petition read, “If the interim orders are not passed, then irreparable loss and damage will be caused to the litigants. It will be detrimental to the interests of the profession.”

You may like these other stories...

By Jason BramwellThe IRS on August 19 unveiled a new online registration system for financial institutions that need to register with the agency under the Foreign Account Tax Compliance Act (FATCA).Financial institutions...
By Curtis C. Verschoor, CMAThe furor over the extensive tax avoidance measures used by technology companies such as Google and Apple has reached new heights in both the United Kingdom and the United States. Government...
By Jason Bramwell Government leaders of eight of the world's largest economies pledged on June 18 to take a tougher stance on fighting tax evasion. The Group of Eight (G8) leaders, who met in Northern Ireland,...

Upcoming CPE Webinars

Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.