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Dear All,
if any one wants to start his practice the most important challenge is get the business from the market and getting clients.
So what should do a newly practicing chartered accountant to meet these challenges.
Regards
Deepa Aggarwal |
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It is really very very tough to start practice individually. You will not get any Audit unless and until you know anybody in the market to push and pull you. You will not get Bank Audit, CAG Audit , Internal Audit of Corporates since they insist on more than three or four full time partners, more than Rs.10lacs turnover for the last three years, payment of service tax of more than a lac, etc. In this regard ICAI Council will never take any steps since members of council are well settled and not bother about fresh CAs. One of the PSU insisted on EMD with Application and as well insisted on Security Deposit if you are selected for the internal audit assignment. We were treated at par with Works Contractors!!!!!! |
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[ Scorecard :184904 ]
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I suggest that for small tax audits - say of clients with turnover up to 5 cr - the online audit allotment should be done by ICAI or any other regulator. e.g. All auditees compusorily have to register themselves with ICAI or Income Tax Department with their registered address and then ICAI or ITD should on lottery system basis should allot audit to all CAs practicing in that region - allotment factor may be experience in years, total no of audit in that region etc. With that, a fresh CA will get contact as well as they can have startup support for practicce. |
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