75th Founding Day Lecture Meeting on “India@2030” Know More

March 2023

Quality Control

By C. N. Vaze, Chartered Accountant
Reading Time 5 mins
Arjun: (chanting) – Hare Krishna! Hare Krishna! Krishna Krishna Hare Hare!

Shrikrishna: Arey Arjun, I am very much in front of you. What makes you chant my name at this moment?

Arjun: Lord, all my CA friends are fed up with this practice. They say it is frustrating and humiliating.

Shrikrishna: Really?

Arjun: Yes, Bhagwan. They say, we are taken for granted by everybody. We are slogging sleeplessly without commensurate reward. Too much of regulation!

Shrikrishna: What else they feel?

Arjun: They are repenting that they became a CA and entered into this practice.

Shrikrishna: And still they are putting their next generation into the CA course?

Arjun: Many of them have preferred their next generation to study other streams. And those children who have done CA are choosing corporate jobs instead of entering the practice.

Shrikrishna: I understand this situation. One reality is that your practice has become Compliance-oriented without much creativity. Secondly, clients don’t feel that you are indispensable.

Arjun: Lord, we cannot afford to be assertive. We have always to remain submissive and accommodative. In the process, many mistakes occur. Quality suffers.

Shrikrishna: Yes. That’s the reason why there are rampant cases of misconduct for technical defaults.

Arjun: Many regulator
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