Thursday, October 04, 2007

Dress code for CAs?

DNA reports:

The Institute of Chartered Accountants (ICAI), a statutory body for regulating chartered accountants in the country, has tied up with retail major Provogue to provide a dash of colour and style to the profession.

“A professional should be identified by his knowledge, garb and panache. I believe the new dress code — blue blazer and tie — will give chartered accountants a new identity,” said president of ICAI Sunil Talati.


A well intentioned but poor idea. Doctors wear white coats and lawyers may don black ones. But, they work in specific work settings like hospitals and courtrooms. By ICAI's own estimation 75,000 of the 1.4 lakh CAs registered with the body work in industry. ie. regular corporate office. Can you imagine them wearing 'uniform'??

The remaining 65,000 must be in private practice. But here too, a blue blazer and tie is not going to help 'market the brand'.

A dress code is merely cosmetic, it cannot solve an overall identity crisis.

I have nothing against CAs, despite what you may think after reading this piece.. I do believe however that the MBA has impacted the CA profession. CAs have more 'core skills' but in a world where showmanship, branding, soft skills and a macro view seem to matter more, the CA loses out.

The acid test of a professional's worth is: do I get the last word? If a doctor scribbles out medicine X, you take it. If a lawyer advises defence Y, that's what is argued in court. If you don't agree you can go to another doctor or lawyer. But whichever you finally gets to be the expert. You have to trust him or her.

With a CA, what happens. He advises. The client may or may not agree. Or even believe he knows better. CAs are manipulated or coerced into signing audits they know are false. Inflating or deflating figures. And so on and so forth.

And this is not just in India. As the Financial Times noted after the Enron scandal:

Over the past five decades, accountants have changed from watchdogs to advocates and salespersons. Auditing has become one of a number of services, including consulting and tax advice, in which accountants "sell" creative tax avoidance and financing structures.

No doubt black sheep exist in medicine and law as well but there the regulatory body when it comes to accounting is particularly weak. I have not heard of CAs being 'unchartered' for malpractice. If it does happen, it's an event so rare and invisible that no one is afraid when signing off on doctored audit reports.

Again, not to suggest MBAs are highly ethical but that's a separate story.

As a core skills profession, bound by a charter, CAs need to live up to high standards to regain their rightful place in the sun. And then, they won't need those ties and blazers...

Terribly unsuitable for Indian weather in any case!

20 comments:

  1. Agree completely.... i think the whole dress code thing is uncalled for... it almost seems like a desperate attempt to stand out in the crowd;when there is actually no need to.

    ReplyDelete
  2. Rashmi, what is the rationale behind a uniform in the corporate world? I ask this as the company I used to work at has now introduced them, and in spite of the fact that I do not work there any more I find the thought of it mighty uncomfortable.

    ReplyDelete
  3. hmm.. lets not link te Indian weather with wearing blazers and ties. Other professionals wear it too. As long as u have AC, nothing to worry Gracy!

    Then again, Is it cuz of ur own MBA degree tat u always talk in favour of them.(not sure. but someone told me ur an IIM -A alumni) Just asking!

    ReplyDelete
  4. The weather link to the blazer-tie conundrum is an extremely important point. In Hong Kong, the chief executive (akin to the chief minister in India but hopefully less corrupt) launched a scheme encouraging financial institutions to do away with the blazer and tie to help reduce global warming in some small way (because the majoy pollution in Hong Kong comes from factories across the border in China anyway but still every attempt counts).

    Basically, because men insist on wearing the jacket and tie (a British import) in tropical weather, the Air Con - which emits harmful particles to the outside environment - is turned up to such an extent that all the women in the office are forced to either wear jackets too or walk around in sweaters and shawls. It's pretty ridiculous.

    I've noticed that the blazer and tie is used as armour by investment bankers and their ilk. One senior guy - while mopping his forehead and removing his jacket in a meeting, apologized to which my boss said "yes yes gloves off!" Honestly! Even if you're metaphorically going to battle in every meeting, why can't people focus on their skills instead of draping on all this peacock finery, that contributes to global warming and the death-by-cold of women in general.

    I personally only wear a jacket to a meeting when I'm desperately insecure. Otherwise I refuse to buy into being a pseudo-man. If corporate-types must always dress the part, won't a smart shirt and trousers suffice?

    ReplyDelete
  5. Hey Rashmi,the dress code proposed by ICAI is not mandatory in nature...so wearing a uniform in an corporate office is not the intention of ICAI.Besides,I think this is good move by the ICAI to spurce up the image of the proffesion...there is notion amongst people that CAs are dull and boring people,but thats not the case.

    ReplyDelete
  6. generally you will not find doctors "mandatory" wearing a white coat unless the fellow is a junior of a medical college. similarly lawyers don't "mandatory" wear black robes unless inside the court room b'coz of the "mandatory" law…

    There is another unique attribute about the lawyers and doctors - that they "in majority" deal with the "aam junta" who have little knowledge of the domain; unlike the CA's who deal "in majority" with knowledgeable population… a 'dehati' will hardly get anything to deal with a CA, whereas he will frequently visit doctors and lawyers…

    basic funda is to easily identify the professional... like a taxi driver, 'pandas' of haridwar/puri… but simply wearing a 'dhoti' or 'blazer' doesn't bring any extra talent in the concerned professional!

    uniform (as the word goes) brings only uniformity... nothing else... but yes, if the scenario in CA fields becomes something like 'haridwar' (god forbid) they will definitely need a uniform – be it dhoti or blazer! ;)...

    ReplyDelete
  7. It would be interesting to know:
    1. How many lawyers work in the court-rooms, and how many do not?
    2. How many doctors work in hospitals, and how many do not?
    3. How many professions can you think of, save doctors, bankers and lawyers who have a distinctive dress codes? Isn't there lots of room still for more to barge in?
    4. Aren't lawyers manipulated?
    5. Aren't most doctors (in countries where consumers don't directly pay the doctors) manipulated?

    The accounting scandal (Enron) is definitely no match in scale to the health care (or more accurately health care delivery) scandal in the US! It involves more doctors, more money, and more states.

    ReplyDelete
  8. I just wish that ICAI spent this money in hiring a proof reader for their study material. And if something is saved then an amateur designer for designing the cover pages of study material.

    Ironically on one hand - CA students kay dimaag, dil, aankhon aur kaano mein ek garam lohe kay sariye say "Substance-over-form" ghusaaya jaata hai, and on the other - ICAI members are apotheosizing form!!

    It seems, Hypocrisy is the kul-devta of.......... :-D

    ReplyDelete
  9. Well,
    this is the first time I would tend to disagree with Miss Bansal. Knowing that you have been the most famous Alumni of IIM-A, in this article, the story of which is quite dated, it is quite apparent that how a person feels so superior about her / his educational background and intentionally / un-intentionally demeaning that of others.

    Well, in one of the line Ms. Bansal says about tax avoidance. Well just to quote from I-tax books: "Tax evasion is a crime and not tax avoidance if the tax planning are done within perview of laws prevailing in the land".
    And if the CAs are coming out with some so called avoidance Ideas, than they are doing so to meet the demands of the market.

    Introducing a dress code is not bad idea if the intention is to bring uniformity across everyone. Even Maruti has a dress code. Is there anything wrong with it.

    My Spontaneous reaction to comments made by Mr. Yogesh would be that he must be one of those guys who tried heaven to hell to clear CA examinations but all efforts futile. Sorry to say but it looks so.

    We don't have any right to demean any institution. All said, still CA remains, though non glamorous, but still one of the most respected profession in India with much larger shelf life than some other non-degree profession.

    Ms. Bansal Sorry again but didn't expect this out of you.

    Let me ask you one simple question: Suppose you invite a financial advisor and Two advisors steps in. One in Excalibur shirt and Raymond’s Trousers and the other one donning Zodiac shirt with best available blazer in the town. Who will look more impressive to you?

    In English, well someone has rightly said - First impression is the last impression.

    Just to finish my long comment CAs and MBAs can never be threat to each other but always complement each other.
    Cheers!
    P

    ReplyDelete
  10. "I have not heard of CAs being 'unchartered' for malpractice. If it does happen, it's an event so rare and invisible that no one is afraid when signing off on doctored audit reports." While you're completely entitled to your opinion, it may well make sense to check whether this is actually a fact. I do believe that CA firms have, in the past, been subject to some very serious enquiries and / or closure because of suspected malpractice. Besides, ask anyone who worked for Arthur Andersen (I'm one, to start with...). They would be glad to explain to you how the firm got shut down due to a malpractice suit...:) In the interest of full disclosure, you should know that I am a CA.

    Thanks!

    ReplyDelete
  11. This comment has been removed by the author.

    ReplyDelete
  12. What started as a comment on a dress code being suggested by the Institute became a critical comment on the proffession itself ... Why? That I fail to understand. The author claims she has nothing against the CA's .... the piece that she has written is absolutely contradictory to what she has claimed. Her attitude only smacks of that most common malaise in all societies ..... 'slam' anyone who do well ..... sheer jealousy? sheer cussedness? This argument about CA's signing 'doctored' reports can go on and on ..... there would be no end to it .... but I am afraid you are wrong. We can never do that, at least, those who are true to the profession can never do so. And therein lies the rub. For a couple of black sheep please dont ostcarise the whole profession. Thats simply not done. In this particular you have just gone overboard with your uncalled for criticism.

    ReplyDelete
  13. I just have one question. You say here that "I have not heard of CAs being 'unchartered' for malpractice." Agreed, but have you ever seen such a thing in Law? If a lawyer tries to defend a client, be it a murderer who is found guilty at the end, who is punished? The lawyer who has been taking up the case just adds a "lost case" to his career. But if he is able to prove a murderer innocent, and at a later point of time it is found that the suspect was guilty, is the lawyer ever punished?

    ReplyDelete
  14. Well, i totally agree with what Prashant said. U take away the presentation skills from MBAs and they will be like any other ordinary graduates. If you look at the long list of CAs who have made it to the top, it will speak for itself.

    ReplyDelete
  15. I am sure likes of Rashmi must be turning in their beds with the kind of nightmare it is, CAs in industry drawing good, my god....

    Surely too but she has comments for every thing whether or not the same seems to be a good sense.

    I really scents that Rashmi and her colleauge had been hired by some to say fowl at evrythings, thats the biggest identity crisis with her so called MBA degree/diploma. What are they aspiring to compete with CAs afterall, i.e. they too view that they have to reach to the level of CAs and the cross over.

    Rashmi & Fellows: Keep having the sip of your own drink and feel comfortable that they you are on a moon where you are above the entire world..

    Best Wishes

    CA KAPIL MITTAL

    ReplyDelete
  16. Anonymous8:07 AM

    明星代言 明星经纪公司
    制动单元 铝壳电阻
    modern abstract art sofa manufacturer
    净水器 开水器 净水机 净水 软水机 软水 直饮机 家用净水 家用净水器 家用净水机 中央净水 中央净水器 水家装 水家电 水卫士 混合机
    过滤机 DHL快递 俄罗斯签证 回转支承 Laser marking
    保险箱 法兰 法兰标准
    polycarbonate sheet 回流焊 波峰焊
    压球机 注册上海公司 儿童摄影
    牛皮癣 皮肤病 制氮机
    食堂售餐机 校园一卡通
    学校一卡通 ic卡售饭机
    食堂售饭机 深圳一卡通
    广东售饭机 机电设备安装
    北京发票 代开发票
    餐饮发票 住宿发票
    广告发票
    网络电话 免费网络电话
    假发 补发
    织发 植发
    压滤机 板框压滤机
    蒸馏水机 纯蒸气发生器
    上海搬家公司 上海搬场公司
    大众搬家 大众搬场
    张家界旅游 香港旅游
    深圳旅行社 打包机
    收缩机 对讲机 电源模块
    血管栓塞剂
    售饭机 水控机 水控器
    萎缩性胃炎 neoprene laptop bags
    SEO优化
    SEO优化 计量泵
    胃炎 胃病
    冷水机 冰水机
    工业冷水机
    北京特价机票 北京打折计票 北京国际机票
    北京机票预定 北京飞机票
    北京订机票 北京机票查询 饮料机械
    银杏 水培花卉 企业宣传片 空分设备
    化工泵 离心机
    电话交换机 程控交换机 集团电话 集装袋
    混合机 混合机
    混合机捏合机 捏合机
    捏合机导热油炉 导热油炉
    导热油炉 反应釜 反应釜
    反应釜 spherical roller bearing
    搬运车 搬运车 电动搬运车 油桶搬运车 堆高车 电动堆高车 半电动堆高车 堆垛车
    高空作业平台车 电动叉车 平衡重叉车 前移叉车 电瓶叉车
    韩国饰品批发 模块电源
    X架 超薄灯箱> 易拉宝 展柜制作
    代理服务器 游戏加速器 网络加速器
    网通加速器 电信加速器 电信网通转换器
    电信网通加速器 网通电信互转
    网通电信互通 网络游戏加速器
    美国VPN代理 美国独享VPN 美国独享IP
    pvc ceiling panel Spherical roller bearings
    SEO优化
    安全鞋 劳保鞋 防砸鞋 电绝缘鞋 上海安全鞋 上海劳保鞋 江苏劳保鞋
    服装软件 服装管理软件 进销存软件
    进销存管理软件 服装管理系统 服装进销存软件
    进销存系统 进销存管理系统 免费进销存软件
    吉林中医 东北特产
    打包机
    阳痿 阴茎短小 阴茎增大
    早泄 前列腺炎 阴茎增粗 阴茎延长
    国际机票 上海国际机票
    国际特价机票 国际打折机票
    砂磨机 砂磨机
    砂磨机 卧式砂磨机
    卧式砂磨机 卧式砂磨机
    三辊研磨机 三辊研磨机
    三辊研磨机 混合机 混合机
    混合机 锥形混合机 锥形混合机 锥形混合机 行星动力混合机 行星动力混合机 行星动力混合机 无重力混合机 无重力混合机 无重力混合机
    干粉砂浆设备 干粉砂浆设备
    干粉砂浆设备 捏合机 捏合机 捏合机 导热油炉 导热油炉 导热油炉 反应釜 反应釜 反应釜 搪玻璃反应釜 搪玻璃反应釜 搪玻璃反应釜
    乳化机 涂料设备 干混砂浆设备 无重力混合机 胶体磨 涂料成套设备 双螺旋混合机
    北京婚庆 北京婚庆公司
    400电话
    办证 呼吸机 制氧机
    亚都 亚都加湿器 亚都净化器
    亚都装修卫士
    饰品批发 小饰品批发 韩国饰品 韩国饰品批发 premature ejaculation penis enlargement
    安利产品 马来西亚留学
    网站优化 网站推广
    衬布
    代写论文
    代写论文
    论文代写 代写论文
    磁力泵
    离心泵
    化工泵
    隔膜泵
    螺杆泵
    潜水泵
    油泵
    耐腐蚀泵
    水泵
    拖链 防护罩 排屑机 塑料拖链 钢铝拖链
    化工离心泵
    计量加油泵
    自吸式离心泵
    管道油泵
    自吸式排污泵
    潜水排污泵
    自吸式磁力泵
    耐高温磁力泵
    不锈钢多级离心泵
    多级离心泵
    耐腐蚀自吸泵
    自吸化工泵
    玻璃钢液下泵
    液下式排污泵
    卧式离心清水泵
    氟塑料磁力泵
    磁力驱动循环泵
    耐腐蚀污水泵
    卧式化工离心泵
    玻璃钢耐酸泵
    防爆管道油泵
    不锈钢多级泵
    立式多级离心泵
    塑料磁力泵
    水泵厂
    手摇油泵
    上海水泵厂
    上海水泵
    离心泵厂家
    热水泵
    清水泵
    气动隔膜泵
    深圳装饰 深圳装饰公司 深圳装修公司
    特价机票 打折机票 国际机票
    机票
    新风换气机 换气机 立式新风换气机 风机箱 新风系统 能量回收机
    搅拌机 混合机 乳化机
    分散机
    毛刷 毛刷辊 工业毛刷 刷子 钢丝刷
    涂层测厚仪 硬度计
    兆欧表 激光测距仪
    测振仪 转速表
    温湿度计 风速仪
    超声波测厚仪
    粗糙度仪
    噪音计 红外测温仪
    万用表
    硬度计 万用表
    美容院 美容加盟
    澳洲留学 澳大利亚留学
    什么是法兰
    电烤箱
    酒店预定 北京酒店预定 北京酒店
    离心机
    nail equipment nail products nail product nail uv lamp nail uv lamp nail uv lamps uv nail lamp nail brush
    nail file nail tool nail tip nail gel curing uv lamps lights
    万用表 风速仪
    红外测温仪 噪音计
    苗木价格 苗木信息 标牌制作 深圳标牌 北京儿童摄影 防静电鞋 淘宝刷信誉
    威海凤凰湖 威海海景房 大庆密封件
    打标机 淘宝刷信誉 TESOL/TEFL国际英语教师证书 英语教师进修及培训 北京快递公司 北京国际快递

    ReplyDelete
  17. Anonymous7:14 PM

    及时快捷为人类的交流创造更宽松的环境。跨世纪的服务历程,已为多家企业提供过翻译帮助,翻译公司译佰翻译公司能提供同传深圳德语翻译深圳俄语翻译深圳韩语翻译等数种同传语言,培养一批商务口译积累了丰富的经验,我们期待能为更多的企业服务。、上海翻译公司,东莞翻译公司质美价优、是我们的服务宗旨。同声传译让每一位客户满意是我们服务的标准。
    同声传译设备能提供从专业同传设备安装租售业务等一整

    套国际会议同传服务,深圳翻译公司,专业深圳英语翻译 深圳日语翻译深圳法语翻译
    全球一体化进程现正加速同声传译,同声传译设备,业的翻译公司,知名深圳翻译公司中国已加入世贸,语言不应成为国人与世界交流的障碍,同声传译我们致力于消除这一屏障,
    翻译准确、广州翻译公司

    ReplyDelete
  18. Anonymous8:12 PM

    及时快捷为人类的交流创造更宽松的环境。跨世纪的服务历程,已为多家企业提供过翻译帮助,翻译公司译佰翻译公司能提供同传深圳德语翻译深圳俄语翻译深圳韩语翻译等数种同传语言,培养一批商务口译积累了丰富的经验,我们期待能为更多的企业服务。、上海翻译公司,东莞翻译公司质美价优、是我们的服务宗旨。同声传译让每一位客户满意是我们服务的标准。
    同声传译设备能提供从专业同传设备安装租售业务等一整

    套国际会议同传服务,深圳翻译公司,专业深圳英语翻译 深圳日语翻译深圳法语翻译
    全球一体化进程现正加速同声传译,同声传译设备,业的翻译公司,知名深圳翻译公司中国已加入世贸,语言不应成为国人与世界交流的障碍,同声传译我们致力于消除这一屏障,
    翻译准确、广州翻译公司

    ReplyDelete

Disqus for Youth Curry - Insight on Indian Youth