TENALI (GUNTUR DT.): Some reputed companies, both national and international will conduct campus recruitment for Chartered Accountancy students soon, said Institute of Chartered Accountants of India (ICAI) president T.N. Manoharan.

Participating in the breakfast meeting organised by the Tax Consultants Association of Tenali here on Tuesday, he said there was a shortage of about 2 lakh CAs in India. "The ICAI has revised the syllabus of the Chartered Accountancy to incorporate the changes taking place in the field and to make it more attractive to students," he said.

Revised syllabus

The course duration of five years was brought down to three and half years under the revised syllabus. During the first 18 months of admission, the student was given exposure to the latest software and computerised accounting methods. "There are many wrong notions among parents regarding the course. Chartered Accountancy offers a bright career opportunity, a high salary and a potential for high growth," said Mr. Manoharan.

Hard working students, willing to become CAs, can appear at the entrance test and enrol for the course even when they were studying 12th Standard. After the completion of the course, students could set up their own practice or work for companies. The career opportunities were endless and open in all the sectors, he said.

Growth engine

The ICAI was facilitating economic growth of the country by its periodical submission of various suggestions for policy making by the Government, identifying areas and measures to enhance revenue of the Union and the State Governments and by facilitating accounting reforms in the Government. The ICAI was actively involved in the propagation of evils of parallel economy and on need for compliance with tax laws among the people.

The ICAI had constituted Committee on Accounting Standards for Local Bodies (CASLB) to develop a set of standards to improve accounting and financial reporting among local bodies in the country.

"The adoption of the accounting standards will lead to a significant improvement in the quality of general purpose financial reporting by local bodies. This would lead to better informed assessments of the resource allocation decisions, and increased transparency and accountability," observed the ICAI president.

Tax Consultants Association president Ch.Siva Kumar, secretary B. Hari Babu and other practising tax consultants were present.

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