Did Yousuf Adil deserve DTT Membership?

ozair · 07-09-2003, 08:01 PM

gr8 to see Mr/Mrs Gay Brush here.... well I was thinking that he wont come back after so much insult that made to him in this forum...but any way its his decision to get himself spoiled again, against the continuous pathetic comments made against the Yousuf Adil & Co.
well guyz I would just like to mention that previously MYASCO was associated with HLB which was not on ratings of Big 5 or 6...HLB is just famous for Tax and advisory services across the world....
the continuous expansion of MYASCO demanded the need to get the good affiliation, as they over a period of time acquired lot of good clients including top financial institutions, and as I also mentioned in my previous comments that "every body has a right to go ahead, you cant lock any body in a shell", this is a rule of thumb.
as far as their working papers are concerned, I told you guyz they were affiliated with HLB, so naturally they had to follow their working style...but I never heard any news or info that SECP or ICAP has degraded the rating of MYASCO on the basis of their working style. and even the firm was on Grade A of SBP all the time, ICAP has also categorised this firm rating in the top category all the time..well, what u ppl say about the working of MYASCO now?...would you go to challenge the ICAP, SECP or SBP...? u ppl just can talk lot and whatever come in your mind and whatever rumour u heard about it...but u cant deny the facts and figures....
The loose screws like Mr./Mrs. Gay Brush...dont understand this concept this thing fly across their rubbish heads. they become so blind in the enmity that they forget what they talking about...sorry gay brush but this is fact again....just brush ur head with proper comb and u will find the truth...May Allah guide you to the right direction Aaamin....and I hope that this much sufficient for you rite now...if u dont like ur integrity then comeback again...Iam rite here to see you hunny.... ...last not least interesting to know about the brain washing machine at MYASCO...it looks that u are the gatekeeper of MYASCO that u know every thing about it...by the way how is the condition of washrooms there....?

smraza · 07-09-2003, 11:08 PM

Dear mr. ozair,
dont go too much aggressive about the MYASO, as far the SBP, SECP, and ICAP rating is concerned, u will see too many small firms in these lists which have no standard of working at all, so are u going to compare your firm with all these small firms ?????

S.M.R.

jbladeus · 07-09-2003, 11:24 PM

Dear Ozair

I will not lower myself to your standard by answering in the same tone you have used in your message. But i do have a few questions and comments.

You have just stated that MYAS was affliated with HLB before going for DTT. Does the working style of HLB include copying audit working papers and disclosures from your peer firms?

Why did MYAS have to hire so many supervisors from other (read better) firms? Why didnt it promote supervisors from its own cadres? Was it because of the fact that your own management themsleves realise that they have not prepared an able, competent workforce which could be presented in front of the Gora Sahib (DTT)?

As far as the grading of SBP is concerned, there are quite a few firms (around 10 or more, although i am not sure) which are in the top grade , do you think that all of them deserve DTT membership? I don't think so! And please don't brag about having major banks as your clients. SBP has a policy of appointing one of the top three firms as the major firm in the engagement and a minor firm to go alongwith it. Can you name a bank where MYASCO has audited with a lesser firm? The fact is that MYASCO was always appointed as the "other" firm to go along with one of the top three.

And for ICAP (and ICMAP), we all know that they can't stand up against Mr. MYAS, who is one of the bigger power players in the industry, so even if MYASCO does something dirty, it would be as they say... simply brushed under the carpet.

Dear Ozair, you address me in such a way which touches profanity, but on the other hand you remind me of Allah, Kindly refrain from being so hypocritical. It hurts you and your fellow MYASCO collegues' image.

I have no personal enmity towards MYASCO. I could even care less if they eventually get or don't get DTT's membership. I don't get sleepless nights over their lousy working style either. <img src=icon_smile_big.gif border=0 align=middle> But i sure as hell know that i wouldnt want to appoint or waste my audit fee on a firm which promotes copying of working papers and disclosures from other firms!

________________________
Arrrgh... it sure's gonna be mighty rough sailin' today ... mates!

max80 · 07-10-2003, 02:47 AM

Hi the answer of 'DID MYA DESERVE DDT MEMDERSHIP' is simply "NO". Because there is no mutual cordination in the offices of MYA.. as a result every office is doing what they own like the audit files of all offices donot match with eachother.
MYA surely issues clean reports to dirty textile units, I have finalized a few myself. Well it is an assessment that a clean report from MYA to textile mill costs only (at the most 20,000). 20,000 is not above the normal audit fee on accounts, but is a part of it. Then how can one say that MYA deserive DDT mambership.

Actually most of the POTATOES (partners) are intrested in MONEY and TAX. Tax as everyone knows is really a brokers game, so some potatoes are really good in it.

Edited by - max80 on Jul 10 2003 73738 PM

geo · 07-10-2003, 04:26 AM

Topic is getting better as insiders are getting brave to tell what really going on in MYAS offices.

max80 has really given some good information.

It means the part about clean reports to dirty textile mills were correct.

ozair · 07-10-2003, 04:40 PM

hello Gay Brush,
good to see ya again, well one thing I make u clear that its you who started hurling profanity and calling names to the Professional people here...In other sense first you degraded and lowered yourself here...and then started complaining the attitude of others....its disgusting.....aint....?it really seems that you dont have respect to the professionals...Mr. Yousuf Adil is quite a renowned and respectable name in the Industry and in the profession...ppl know him and respect him...and I can tell you that in the form the Yousuf Adil is presently now, is just because of his dire and firm efforts...but the low mind ppl like u who doesnt have any recoginition in this world...who just go to critisize and critisize anyone whom he be jealous, dont wanna see any ones progress and prosperity....You have challenged the autonomy of ICAP...this is most disgusting....If you are brave enough tell me your name and your profile....I assure you that your membership is gonna be definitely suspended after your pathetic comments against the Institute...do you have such bravery to comeout from your skin....? i dont think so.....
well guyz...whats going on in other firms....no body is commenting on that....when MYASCO has got the affiliation of DTT...every body is starting to comment on its working syle and showing their true picture...and Iam regretful even the insiders, whom the firm has given lot during their tenure....now commenting agaisnt it...MYASO is the only firm I have seen who not only supports its trainess for their examiniation holidays...but do whatever they do to groom themselves....
I can tell you guyz the other big firms are not far behind in this race...I wont tell the name of a big firm....but what they do....? they also copy and paste the things....even in their consultancy I have seen it....copy from the net and paste it...and make the client fool.....
every thing is available to the big firms from their International firms audit manual...what creativity they do....copy all the styles and working from their manual....and started working pasting....what creativity they are showing....?
Guy Brush is really blind, I can tell you in his enmity towards MYASCO.. dont heed on his saying....ppl like him come and go....but I can tell you guyz, nobody respect them and dont like to remember them....with their freakish and negative attitude...
Guy Brush...Iam not hypocritic....Iam not in MYASCO rite now....and Iam not doing any CHAMCHAGIRI OR YOUR SO CALLED BOOTLICKING (PATHETIC YOU ARE)....
I dont have any interest with MYASCO...but I respect where I have got the training...I respect the place which made me able to sit here...where I was dreaming to sit.....By the grace of God....
I dont have any personal enmity towards you....but I can tell you if you use the slang lanuage and the wording against my firm....I wont let you go....and I will drag you to the extent that you will find yourself and merciless....
its better that u apoligise to this forum about your rash attitude and your remarks against my partner....and disclose your identity so that we all must know who is the freak.....?
Best Regrds....<img src=icon_smile_tongue.gif border=0 align=middle>

jbladeus · 07-10-2003, 06:49 PM

Ozair
Thank you for your most thoughtful (read highly emotional, erratic, and mostly senseless) insight in to the matter. <img src=icon_smile.gif border=0 align=middle>

But you still havent answered my questions and instead have tried to redirect the blame to other firms, ie. we just do it because they do it too! That is no valid arguement.

MYAS sahib is more feared than respected for his imposing personality and unchecked power in ICAP. I even remember overhearing a talk between few acountancy persons around 12-13 years ago (back then, i wasn't even in this profession) and i remember these ppl (i won't mention their names, but they are all very respected industry ppl) talk about the way MYAS and other power brokers manipulate and even b****ail to get what they want.

Kindly calm down, come out of this "shah sahib se barh kar shah sahib ki wafadri" mood and then try to give answer to the points me, geo and max80 have made.

This forum is for open talk, and for freedom of expression. We all know that our industry lacks transparency and morals. Thats why ppl still fear that if they let out any truth in public and say something from their conscience, they'd lose their membership. I would congratulate the owners of this forum for setting up this place where we can talk without fear of losing our livelihoods.

Son, your way of conversing implies that you have got the required education, but still lack the 'adaab-e-guftgoo' required and instead sound more like a 'gali ka dada/ghunda' than a respected profesional. Hence this threatning and abusive attitude.

And oh yeah... if you don't have any proper arguements to make, don't say anything, just read and let the learned ppl of this forum make valid, intelligent arguements.

Geo
Audit of textile companies is the major source of income for not just MYAS, but other smaller 'thappa-chaap' firms in the industry. Hence if they are to survive, they have to issue clean reports in time, and who cares about properly making audit working paper files.

In reply to an earlier comment by somebody about membership of DTT to Anjum Aasim Shahid
No, i don't think that they deserve it either. Infact, they may even be worse than MYAS.

________________________
Arrrgh... it sure's gonna be mighty rough sailin' today ... mates!

smraza · 07-10-2003, 09:04 PM

Dear all,
we should now leave the question that whether Yousuf Adil deserve DTT membership or not, finally they got the membership, however after affiliation the working standard of MYAS is improving day by day, as far as the copying the working papers of parent firm is concerned, in my opinion, we are sychologically impressed from gora, and TOP 3s or 4s (whatever) are also doing the same thing, bcaz they are required to do so, like if THK wants to keep the membership with KPMG then she must follow the instructions of gora, and they have to present the working papers on their pattern (working according to their style is different question), so finally we should leave the topic wheter MYAS deserved DTT membership,
but i would like to mention that, due to this topic most of the people came to know the inside stories of MYAS, <img src=icon_smile_big.gif border=0 align=middle>,
we must have heard the kahawat that "APNA DAMAN UTHANAY SAY APNA PAIT NANGA HOTA HAI"

S.M.R.

ozair · 07-11-2003, 03:47 PM

Hello Gay Brush,
so you are not coming out of skin...I knew that....You dont have such audacity to show yourself...you have a fear of losing your membership after your ruthless comments against the prestigious Institute...whom the world appraise against their efforts in the field of Accountancy and Management....
well one thing that is more clear that you are an eaves dropper too..whereever, any whispering or gossiping done against MYASCO...you are there...and listen such things...what a disgusting this thing all about...aint....?<img src=icon_smile_evil.gif border=0 align=middle>
Iam not your son, so beware in making relations....and you called my tone as GALI KA GUNDA or DADA....wao wao...great....infact its you who started hooliganism here...the title of this forum was "Did Yousuf Adil deserve DTT Membership"....that means there is an open forum available to every one who like to say against or in favour of it....but you " the freak" "Blind in Enmity" started criticizing everyone who goes to favour the membership...You became so blind that you started calling names to the ppl....like do you remember what did you say initially to me...I dont like to repeat it...but everyone who is a regular reader to this forum knows very well that who is GALI KA GUNDA AND WHO IS DADA....
I openly challenge you to disclose yourself....and inivite you to come with me...I will show you the working style of MYASCO...
now, I answer your negative questions step by step
You says, that "Did the working style of HLB used to copying and pasting with the peer firms".....
I says, clearly No, we at the MYASCO...fully followed the working style of HLB....including their working papers and Audit Programme....sometimes we prepare Audit Programme by our self depending on the circumstances and complexity of the nature of work...like special assignments...due dilligence etc....One thing I make you clear...as far as giving the dislcosures are concerned, every firm in Pakistan see the best presented accounts and try to copy the same dislcoure that have been presented best...so setting aside your allegation of cutting and pasting....
Agaisnt your saying that "SBP has a practice to appoint one Minor Firm along with a Major firm for the audit of F.I'S"...
well, I say "prove me this fact in writing" i will accept it...for your info...I will say this that the appointment of auditors are not the concern of SBP...its the shareholder of the Bank who decides to appoint the auditor of the Bank not the SBP.....you dont seem to be updated...or your knowledge looks very stretchy.... <img src=icon_smile_big.gif border=0 align=middle>
last but not least you say, that "why dont MYASCO groom their own supervisors and why they take the outsiders"
the reason is their continuous expansion....again the demand and supply relation ship....their continuous expansion demands more qualified supervisors which is currently not meeting with their own ones...thats why they are compelled to import outsiders....and that has been discussed in various forums in the firm....that if our own staff gets qualify then its better to reatain and utilise his knowledge rather than importing outsiders and bear their demand....but Iam hopeful that with the increasing numbers of guyz qualified there...the day is near when their requirement will be duly get filled with their own supervisors and managers....
Now, all your queries get cleared....Now I dont want to see your enmity against MYASCO...infact you shut up and hold your tongue forever...and just be a reader to this forum not a crapper and yeller....
Best regards...... <img src=icon_smile_tongue.gif border=0 align=middle>

jbladeus · 07-11-2003, 05:55 PM

The word i used back then and still am using and of which u seem to be a bit asahmed of using was 'Bootlicker'. Dear Ozair, the talent of bootlicking is a god-given one and is present in very few special individuals. You don't have to be too humble about this talent of yours! <img src=icon_smile_big.gif border=0 align=middle>

If you say that using this word makes me a gali ka ghunda, then i even shudder to think what that would make you because the rate of your spewing profanities and near-profanities is quite astonishing! <img src=icon_smile_tongue.gif border=0 align=middle>

SBP's (its shareholder's or its director's, doesnt matter, its SBP which always has the last say) policy of selecting a top 3 firm and a minor one alongwith it isnt written, because we all know such things are never documented. But you can see it by experience, HBL, MCB, NBP, UBL, ABL... check out their auditors for the last 10-15 years. You will see it for yourself.

Son, the point regarding copying of working paper files i was making was from a personal experience and have described it in a previous message in which our co-auditors (MYASCO) copied verbatim the working papers of our team from our files to present it to their partners for review because they had spent all their good time eating away client-paid lunches and dinners. The funniest thing is that they were copying the work of their OWN account heads which was allotted to them during engagement planning. Their work was so unreliable (we knew it from past experience) that we had already performed working on MYASCO's heads to get sufficient assurance to help form our audit opinion. Was this the practice of HLB too??!

Regarding appointment of supervisors, i can present to you several living examples where your firm refused to keep their own ppl as supervisors and instead put their trust in 'bahar ka maal'. If this was just because of pure expansion (as you like to put it), MYASCO wouldnt have let go of their own in the first place.

________________________
Arrrgh... it sure's gonna be mighty rough sailin' today ... mates!

geo · 07-13-2003, 08:04 AM

Sorry i am giving comments on this topic again.

But i must say that MYAS doesnt give students EXAM leaves.

How r 20 leaves for PE-I, its personal experience.

Paki · 07-14-2003, 02:01 AM

oh yeah, this forum is realy like fresh air. now I hope I'm not bootliciking <img src=icon_smile.gif border=0 align=middle>
and ozair before you actually challenge 'gay' I mean guybrush, why dont you reveal your own id?????????

Me rulz

ozair · 07-14-2003, 04:26 PM

Hello Mr. Brushed Aside,
so, you didnt accept my challenge and my inivitation to come along with me....this shows that you are an ABJECT COWARD....and all your accusations are just ABSTRACTS....nothing more than that....
well I tell you one thing MR. ANONYMOUS....that whatever a student do...they do it for their own career....like if you dont go to college or university and start rambling here and there....then there is no fault of the Institution...they are there to give you professionalism and to build your career...now its upto you to decide which way you have to go....
Mr. ANONYMOUS....I have also various instances, which I can describe here, regarding the lavishness and wrongdoings of the guyz of so called big firms, but that doesnt effect the name and good will of these firms, because they have described their policies and procedures, if you are freak from inside and your conscience is dead then believe me they cant do any thing......I want to maintain the Integrity of our Profession...and dont want to let it down thats why Iam not referring any case with any particular name.
the supervisors MYASCO didnt retain was purely of professional reason....they might not have the required calibre to fulfill the task that should have been expected from them....I think thats normal....
I, think there is enough your allegations against MYASCO....and what do you think against such naive comments, the MYASCO shouldnt deserve the membership....Iam flabberghasted....am not I...?
you should first enhance your knowledge, get urself updated as your knowledge looks quite stretchy....and then come here....may be at that time the MYASCO would be the full fledge member of DTT...then you would be crying like a BRAINWASHED SPY....
Best regards..... <img src=icon_smile_tongue.gif border=0 align=middle>

Paki · 07-15-2003, 03:09 AM

but ozair, we still dont know your 'where abouts'??? so why dont you tell us who you actually are, before challenging on others???? are you afraid of Mr. Anonymous????
or perhaps you are afraid of his name, Mr. GAY, (dam it) I mean Mr. Guybrush <img src=icon_smile_big.gif border=0 align=middle>

Me rulz

ozair · 07-15-2003, 04:56 AM

hello Paki<img src=icon_smile_cool.gif border=0 align=middle>
please keep yourself away and dont get indulge....you say what u wanna say in favour or against the membership.....you have a full right to say...If I find any thing wrong in your comments then I will response it accordingly and in a more fashionable way....but dont get mess-up....ok....<img src=icon_smile_question.gif border=0 align=middle>

Regards....
<img src=icon_smile.gif border=0 align=middle>