Shortage of Chartered Accountants

My nephew has been attempting to pass his CA exams for the past eight years. I used to think that he was a stupid fellow. No exam will take you eight years to pass but now I think my nephew has been the victim of some unscrupulous and fraudulent practices. I think the chartered accountants business is a tightly controlled one and is even a manipulated trade. It is almost as if the chartered accountants have got together to blackmail industry and companies. With every good intentions Government has made it necessary for chartered accountants to sign the accounts and they in turn have made sure that very few Chartered Accountants are ever available.  That means CAs can now put up their price and charge whatever the market can bear. The governing body makes it appear as if the are regulating the quality of the accountants but I suspect that it is all done to only to create an artificial shortage.

Muhammed Salim, Mumbai

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