CA Amresh Vashisht, Meerut
Elections are normal in democratic institution. Our Electoral College is uniquely as it impact on both the power of governance of our Alma Mater ICAI and the relative power of member’s livelihood. We, the contestants are not different from others the only difference is that by accepting the challenge of election we have decided a step further. We are going to represent you as a model of true professional which combines the idea of the pivotal player in addition to our role of practicing member.
For me, It’s my honour and a privilege to decide to contest the central council election with an intention to serve the profession and members .I’ve always said that it is my proudest role in keeping track of icai policies effecting our name, fame and livelihood. I hope to continue doing for many years to come irrespective of outcome of results.
It requires hard work, massive traveling, spending hard earned money and readiness to receive hard words from the fellow being. At this election, the most important question you must ask yourself is – who can you trust to stand up for our fraternity? Are we going to decide the fate of candidates on state boundaries, municipal boundaries, caste, and religion? You have to select us with all your intellect because financial conditions, fame and powers of the candidates are not equal. Though there are limits of expenditure but nobody cares for it.
Integrity and honesty are two things which no longer seem to matter to our elected leaders . Power and prestige however seem to matter far too much, and I do not think this is right. There is no uniform distribution of availability of work among the fraternity. We are forced to act in a manner as dictated by our leaders not the way of our choice. Why there is a concept of fake partnerships in our profession? Things has to be resolved if we want to take the name of profession with dignity. I am here for a change.
The CIRC constituency area from which I am contesting the Central Council election is of 1256324 km²- i.e Uttar Pradesh 243,286 km²- Utrakhand 53,483 km² -Madhya Pradesh 308,245 km²-Bihar 94,163 km²- Jharkhand 79,714 km²-Chatisgarh 135,194 km²-Rajasthan 342,239 km². So if any one decides to represent such a vast area, he should get all support from the fraternity. The title of my manifesto start with “DARE TO DREAM ‘’I did it and I feel everyone at any point of time of his/her life should contest the election. Don’t vote out of fear or formality; vote for something positive and for someone you can trust.
“My vision is to be an honest, empathetic and impactful leader and to be recognized within my fraternity. I am committed to growing as a leader and delivering value-added projects to the end users. My mission is to create and lead a team where every member is playing to his/her strengths.”CA Amresh Vashisht.
VISION STATEMENT & MY 21 COMMITMENTS (MANIFESTO )
TENDERING OF WORK & UNDERCUTTING OF FEE BE ABOLISHED
- Tendering of CA work and Undercutting of Fee be banned with immediate effect and revert back to earlier ethics for not permitting the same.
- Till reversal, Council should formulate the guidelines to regulate the tendering process under Clause (6) of Part I of first schedule. Monitoring system on the line of seeking no objection from previous auditor be implemented through ICAI mechanism.
FOR YOUNG GENERATION MEMBERS
- Uniform distribution of government opportunities with a 3.00 lacs minimum guarantee from Ist year of practice with an minimum increase of 1.00 lac p.a with every completed year i.e. After 10 years a practitioner should get 12.00 lacs p.a government work.
- Minimum Salary be introduced for the members in Industry in the initial years of their service. Coordination with the Government for expanding the availability of services in various organization.
FOR MEMBERS IN PRACTICE
- The word of NOT ELIGIBLE should be taken out from every sphere of professional opportunity.
- Council approved Limit of 4 Concurrent audits per partner per year be scrapped. It should start with one audit one member. Limit of Audit of Trust & Society be prescribed. Weight age system based on experience be given rather than number of partners.
- Preference be given to sole proprietor/ small firms for empanelment equalizing opportunity to our younger brothers & sisters in their initial years as Guardian to their practice.
- All private and foreign banks should be covered in the RBI net for the appointment of their auditors. Each & every branch of public & private Bank and Insurance should be under mandatory audit independently.
REVISION OF FEES
- The fixation of fee structure for statutory audit should be revised & should be based on the advance plus deposits exposure of branch in place of advance only.
- There should be manifold increase in the fee structure of C&AG. The fee structure should be based on the recommendation of fee structure of ICAI.
FOR MEMBERS IN INDUSTRY
- Total transparent mechanism for campus interview & providing employment opportunities with a minimum of 6.00 lac p.a package.
- To explore possibility for grant of non practicing allowance.
SPECIAL OPPORTUNITIES FOR WOMEN
- Practicing/ servicing women Chartered Accountants be provide web based professional work so as to able them to work from home/office.
- Women Reservation in the regional & Central council be implemented without any delay toning with the Govt. Policy.
TECHNICAL ASSISTANCE
- Availability of all the software which are generally used by the practicing members. Such as Income Tax, TDS, CMA, Project preparation, ROC compliance etc with the key to members and be updated timely. ICAI WEB Bar be provided to every member for downloading the same.
TAXATION
- Services of Chartered accountants be utilized for Special Audit u/s142 (2A)on regular basis. There should be a manifold increase in the quantum of such audits. CBDT should monitor the Tax Audit allotments through their high ranked offices and data with MEF be utilized to appoint us on year to year basis.
- The definition of ACCOUNTANT u/s 288 should be monopolized for Chartered Accountants. Tax Audit be applicable to Cooperatives societies, Trust/societies (Non Business entities) based on their revenue receipts.
STATE GOVERNMENT AUDITS
- One central body should appoint auditors for state government department and local bodies and for many governments run organisations, which are kept beyond the reach of CAs or CAs are appointed without any publicity.
- MEF should get a statutory recognition for allotment of various Government audits.
MEMBERS AFFAIRS
- ICAI should take up the following insurance policies from the benevolent funds & its funds.
- Profession Indemnity Insurance covers to every practicing and non-practicing member to the tune of Rs. 10.00 Lacs.
- Serious illness/Permanent disability Insurance be provide to members for Rs. 20.00 Lacs.
- Death/Accident Insurance Policy to the tune of Rs. 50.00 Lac.
STRENGTHENING ICAI
- Redefining the role of various committees and to convert their working to accomplish pleasure support for the members rather than claiming the propaganda activities.
(About the Author– Author was Member of ICAI- Capacity Building Committee 2010-11 and ICAI- Committee For Direct Taxes 2011-12 and can be reached at email amresh_vashisht@yahoo.com or on phone Phone: 0 1 2 1-2 6 6 1 9 4 6. Cell: 9 8 3 7 5 1 5 4 3 2 having office at 1 1 5, Chappel Street, Meerut Cantt, UP, INDIA)
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