The Chartered Accountant

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f) Advocates g) Others, please specify ________________ YOU and ICAI QUESTION.29 Do you feel that there should be separate accounting standards for SMEs? a) Yes b) No Comments, if any _________________________ QUESTION.30 Considering the Indian economy scenario, the contribution of government in promoting the profession is: a) Average b) Good c) Very good d) Excellent Comments, if any _________________________ QUESTION.31 The contribution of ICAI in regulating the profession in India: a) Average b) Good c) Very Good d) Excellent Comments, if any _________________________ QUESTION 32 Is the Quality control system in place in your firm? a) Yes b) No Comments, if any QUESTION 33 (a) Is your firm already under the Peer review mechanism adopted by ICAI a) Yes, ________times b) No Comments, if any _________________________ QUESTION 33 (b) Do you have internal mechanism of review of your audits? a) Yes b) No Comments, if any _________________________ QUESTION 34 (a) In order to grow bigger in size, you DECEMBER 2008 1050 THE CHARTERED ACCOUNTANT Icai news would like to work with: a) Independent proprietor b) Firm with 2 partners c) Firm with 3-5 partners d) Firm with 6-10 partners e) Firm with 11-20 partners f) Firm with International networking g) Others, please specify_____________________ Comments, if any _________________________ QUESTION 34 (b)You would like to join the above congregations as a a) Consultant b) Partner c) Executive/Manager d) Others, please specify QUESTION 35 Advertising guidelines prescribed for ICAI members in context of the competition to the profession : a) Are adequate b) Need to be liberalized further Comments , if any ________________________ QUESTION 36 Do you intend for any retirement plan? a) Yes, major contribution to __________________ b) No QUESTION 37 Do you feel that your firm is equipped for rendering consultancy and other professional work in countries outside India? a) Yes b) No Comments, if any _________________________ QUESTION 38 What do you perceive to be your core strength for operating in a foreign environment? QUESTION 39 Professional Indemnity Insurance would be important once LLP comes into place. What are your views on taking such insurance policy? QUESTION 40. Do you feel that acts like Consumer Protection Act are important for profession like Chartered Accountant dealing with deficiency in service? a) Yes & b) No
& Comments, if any_________________________ Icai news QUESTION 41 Do you think that there is a professional gap between members who have passed recently , say post 2000 era and the earlier members in respect of (a) Perception for the profession i) Yes ii) No Comments , if any ________________________ (b) Information Technology i) Yes ii) No Comments , if any ________________________ (c) Professional opportunities i) Yes ii) No Comments , if any ________________________ (d) Orientation of professional development i) Yes ii) No Comments , if any ________________________ QUESTION 42 Your views on steps need to be taken to bridge the professional gap between newer generation members and yester generation members, if so required, in areas of – (a) Perception for the profession (b) Information Technology (c) Professional opportunities (d) Orientation of professional development QUESTION 43 Do you think that the demand for profession is increasing? a) Yes b) No Comments, if any _________________________ QUESTION 44 What are your views on the steps need to be taken to generate numbers of professionals with quality intact as the demand for the profession is increasing? QUESTION 45 Your views on positioning the image of ICAI in India and outside world- role as a regulator, boundary management of a regulator- a) If the profession high on education front and less on regulatory front- are we seen more as of an educational institution b) Need to consolidate value within ourselves for various measures , we undertake c) Increasing role of other regulators d) Are we within the boundaries meant for a regulator? e) Impact of recent developments on its future regulatory profile Comments, if any _________________________ QUESTION 46 In the current financial cauldron, what role do you see for the accounting profession in bringing calm and stability in longer perspective? Your response is very useful for us. Thank you for taking time to complete this Questionnaire. Survey Evaluation (Please ^appropriate box) 1. How would you rate the usefulness of this Survey? Excellent Very Meet Below Good Good Expectation THE CHARTERED ACCOUNTANT 1051 DECEMBER 2008 Expectation □ □ □ □ □ 2. Is there anything you can think of which may improve the Questionnaire or any information we should collect through this Questionnaire? All responses received and the data thereof will be kept STRICTLY CONFIDENTIAL. Name: Membership No. Firm Name. This exercise is being attempted by the Perspective Planning Committee (PPC) of the Institute of Chartered Accountants of India. The Perspective Planning Committee, as the members are aware, has been formed recently to the assess the developments which have been taking place in the service(s) sector and more importantly relating to the accountancy sector so as to initiate and strengthen steps which consolidate and further enhance the distinguish role of the chartered accountancy profession.q
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Volume 57 No. 06 December 2008 THE
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EDITORIAL BOARD EDITOR-IN-CHIEF CA.
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DECEMBER 2008 946 THE CHARTERED ACC
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own residential Centre of Excellenc
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READERS WRITE DECEMBER 2008 950 THE
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ICAI President CA. Ved Jain address
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956 DECEMBER 2008 THE CHARTERED ACC
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ACCOUNTING covered by forward excha
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profit and loss account and the bal
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consonance with the Standards presc
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When the power to make rules is lim
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A. Facts of the Case 1. A private l
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Now if we apply these probability c
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Residential Status DECEMBER 2008 98
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Page 45 and 46: CUSTOMS I. Circulars 1. Circular No
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Page 71 and 72: e converted into a LLP by following
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in the preparation of financial sta
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asis but, in the auditor’s judgme
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further into the future, in conside
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Introduction 1. The purpose of this
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DECEMBER 2008 1110 THE CHARTERED AC
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Introduction 1. The purpose of this
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for which controls are being assess
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erised applications or over the ove
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