06-26-2009, 07:04 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by hanifasif</i>
<br />Well, it�s going to be a major change in the history of ICAP I tell you. But I have serious doubts that ICAP would ever implement such policy that may undermine the interests of audit firms. Almost all of the audit trainees, after spending stipulated time in firms, end up working in the industry so if they are provided with an alternative route then most of them will choose to convnenetly bypass audit firms and join the industry instead. Would ICAP let that happen ?
Then there is big question How would Audit Firms lay their hands on the supply of raw talent at pathetically low rates?
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Yes you are right Hanif but this is the last measure that ICAP had to take to save the time and future of their students.Firms should be taught a lesson that if they do not recruit students then ICAP can arrange alternative training opportunities for them.For your satisfaction i am qouting what i emailed them and what reply i received from them.Here is the original email i sent to ICAP
Dear sir
I am with my other friends still waiting to be called from some firm.This has begun to distress us greatly since we have never seen any student facing this problem after passing CA inter.I want to know whether ICAP is going to allow training in industry as you said in your last email.Please confirm whether this is credible news or ICAP is just trying to calm the situation.I look forward to your reply.
This is the reply i got from them
Dear Student
The Bye Laws of industrial training are in process of approval and we hope that they will be in place by the end July this year.
Omair ( [email protected] )
<br />Well, it�s going to be a major change in the history of ICAP I tell you. But I have serious doubts that ICAP would ever implement such policy that may undermine the interests of audit firms. Almost all of the audit trainees, after spending stipulated time in firms, end up working in the industry so if they are provided with an alternative route then most of them will choose to convnenetly bypass audit firms and join the industry instead. Would ICAP let that happen ?
Then there is big question How would Audit Firms lay their hands on the supply of raw talent at pathetically low rates?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Yes you are right Hanif but this is the last measure that ICAP had to take to save the time and future of their students.Firms should be taught a lesson that if they do not recruit students then ICAP can arrange alternative training opportunities for them.For your satisfaction i am qouting what i emailed them and what reply i received from them.Here is the original email i sent to ICAP
Dear sir
I am with my other friends still waiting to be called from some firm.This has begun to distress us greatly since we have never seen any student facing this problem after passing CA inter.I want to know whether ICAP is going to allow training in industry as you said in your last email.Please confirm whether this is credible news or ICAP is just trying to calm the situation.I look forward to your reply.
This is the reply i got from them
Dear Student
The Bye Laws of industrial training are in process of approval and we hope that they will be in place by the end July this year.
Omair ( [email protected] )
