CA Amresh Vashisht, Meerut
Youngest Chartered Accountants are the future of the profession. As seniors, we have an obligation to help our future by training and mentoring tomorrow’s Chartered Accountant today. How do we develop them and keep their professional spirit alive in the early years of their profession. The answer is using a mentoring program and grants them a trouble free path to help them to achieve their goals. When young is standing shoulder to shoulder with us, it’s our ample duty to nourish their profession with mentoring and guiding them.
NOW MENTORING IS VICE VERSA
The path provided by the mentor is a great way to help the future. The young should seek a mentor. This is an area where the young CA must put pride aside and realize the path to success will be much quicker and smoother with the aid of a mentor. The young will have a quicker and easier transition into the self workforce. It’s a simple old belief that the young will see their skills develop at a much faster rate because they can use the experience of another person and not make the same mistakes. The seniors should not hesitate to share their failures with an advice not to opt for that path so the young can easily be in a position to assess the ground realities.
On the other hand, The young CAs may have ideas that may or may not in the mind of seniors. Seniors who feel like today’s technology has left them in the dust are hitching a ride with a philanthropic gaggle of young who are helping seniors to the fast lane with their iPods, pads, smart phones and computers. The new accounting and auditing standards are also learned by young through their curriculum and are like mentors to the seniors.
The senior mentor can help with the ideas based on his or her experience and the young mentor can help with the sharp ideas based on their new learning’s and new technology . This demonstration of mentoring can help build trust and strengthen the bond between the two.
SENIOR MENTOR VS YOUNG MENTOR
Young people are backed by new curriculum so armed with academic knowledge and enthusiasm. However, many people quickly realize that they lack the skills required to navigate and succeed in a professional environment. The young somewhere feel that the seniors are stuck in their ways and unwilling to try an alternative, and the seniors see the youthful exuberance as flighty and undisciplined. Mentoring is vice versa now and this new combined form a professional bond, leaving a lasting and permanent impression on both parties. The role of a mentor is to offer professional advice and help.
YOUNG CHARTERED ACCOUNTANTS
In our profession, young Chartered Accountants not only need the mentoring, but also require the caring from the regulator to give them a path where they can develop their selves and can survive in the competitive world. Not all young are candidates for mentoring. Although all young can benefit from mentoring, some have no desire for a mentor and may become resentful if to suggest to mentoring. Above all the regulators should come up with a defined path for young CA so that they can achieve the greatest heights of the profession. For the young, I have suggested special plans to counter the present day to day problems being faced by the young members. Some of my points are there in my vision statement for young.
The seniors are the guardians to young and should always be ready to give their suggestions to the young through any mode liked by them. For a young, take his liking as must for anything. My vision for the young can solve their present day problems and I commit myself to act for the welfare of young CA with my full power and capability. I have included the following for the young CAs as I sought their valued vote in the coming elections for ballot No. 21 :-
1. 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.
2. Three year banning of Young Chartered Accountants in Bank Statutory audit be scrapped.
3. 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 organizations.
4. The word of NOT ELIGIBLE should be taken out from every sphere of professional opportunity.
5. Council approved Limit of 4 Concurrent audits per partner per year be scrapped. It should start with one audit one member.
6. Limit of Audit of Trust & Society be prescribed. Weight age system based on experience be given rather than number of partners.
7. Preference be given to sole proprietor/ small firms for Statutory & Concurrent audit empanelment equalizing opportunity to our younger brothers & sisters in their initial years as Guardian to their practice.
8. Total transparent mechanism for campus interview & providing employment opportunities with a minimum of 6.00 lac p.a package.
9. Practicing/ servicing women Chartered Accountants be provide web based professional work so as to able them to work from home/office.
10. 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.
11. ICAI WEB Bar be provided to every member for downloading the same.
(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 firstname.lastname@example.org 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)