09-11-2003, 07:50 PM
Hey Pooooh,<BLOCKQUOTE id=quote><font size=1 face="Verdana" id=quote>quote<hr height=1 noshade id=quote>you said that smraza nay tumhari advice par amal kiya hai about the act which is already done by that frustrated guy.
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana" size=2 id=quote>What made u think that i m frustrated, no dear i m really not frustrated <img src=icon_smile.gif border=0 align=middle>,
and second thing if the person is not following the central idea of topic then u should convince him rather than directly hitting him,
and Mr. Pervez, u will be glad to know that one of my friend (infact senior) made the contribution in making the Audit Practices Manual of ICAP, anyways,
<BLOCKQUOTE id=quote><font size=1 face="Verdana" id=quote>quote<hr height=1 noshade id=quote>Tell me what are the areas involved in this topic i.e. reporting proccedures by the auditors, laws relating to SECP, companies laws etc. etc. You decide the areas and than we will talk about them.<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana" size=2 id=quote>
I m not concerned with the reporting procedures and laws relating to SECP, just tell me, what i m supposed to do, when i came to know (through auditors) that my company has done something wrong (as i m a shareholder), who is gonna protect the rights of minority shareholders, off course, Its the SECP's responsibility, but It is not doing so, It can be seen active, if any auditor was negligent in finding out any missappropriation - embezzlement - violation of law - fraud in the company, by penalizing the auditors, It doesnt take action action against the company who actually did the missappropriation - embezzlement - violation of law and fraud. but i regret to say that i was unable to explain my opinion to you, and that guy or girl Pooooh understood what i was trying to say, you were debating about the circumstances of qualification, matter of qualification or whether it was qualification or disclaimer or emphasis or anything else,
and my dear being a professional i m fully aware of Powers and Functions of SECP as defined in SECP Act 1997
i ll just quote only section i.e. Section 20(6)(b) which says
"In performing its functions and exercising its powers, the Commission shall strive-
to maintain the confidence of investors in the securities markets by ensuring adequate protection for such investors;"
and my dear if u havn't gone through the said act then i ll be pleased to send you the Act by email. if u r interested.
<BLOCKQUOTE id=quote><font size=1 face="Verdana" id=quote>quote<hr height=1 noshade id=quote>In the meantime, read the ICAP Audit Practice Manual fully, it may help you in your next exams.<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana" size=2 id=quote>
I don't need to study the ICAP manual for my forthcoming exams <img src=icon_smile_big.gif border=0 align=middle><img src=icon_smile_big.gif border=0 align=middle>
and Pooooh be cool in the future while making postings, and you will be CA inter in near future, so it doesnt look good for a professional to react like this. <img src=icon_smile.gif border=0 align=middle>
Regards.
S M R
Edited by - smraza on Sep 11 2003 25329 PM
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana" size=2 id=quote>What made u think that i m frustrated, no dear i m really not frustrated <img src=icon_smile.gif border=0 align=middle>,
and second thing if the person is not following the central idea of topic then u should convince him rather than directly hitting him,
and Mr. Pervez, u will be glad to know that one of my friend (infact senior) made the contribution in making the Audit Practices Manual of ICAP, anyways,
<BLOCKQUOTE id=quote><font size=1 face="Verdana" id=quote>quote<hr height=1 noshade id=quote>Tell me what are the areas involved in this topic i.e. reporting proccedures by the auditors, laws relating to SECP, companies laws etc. etc. You decide the areas and than we will talk about them.<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana" size=2 id=quote>
I m not concerned with the reporting procedures and laws relating to SECP, just tell me, what i m supposed to do, when i came to know (through auditors) that my company has done something wrong (as i m a shareholder), who is gonna protect the rights of minority shareholders, off course, Its the SECP's responsibility, but It is not doing so, It can be seen active, if any auditor was negligent in finding out any missappropriation - embezzlement - violation of law - fraud in the company, by penalizing the auditors, It doesnt take action action against the company who actually did the missappropriation - embezzlement - violation of law and fraud. but i regret to say that i was unable to explain my opinion to you, and that guy or girl Pooooh understood what i was trying to say, you were debating about the circumstances of qualification, matter of qualification or whether it was qualification or disclaimer or emphasis or anything else,
and my dear being a professional i m fully aware of Powers and Functions of SECP as defined in SECP Act 1997
i ll just quote only section i.e. Section 20(6)(b) which says
"In performing its functions and exercising its powers, the Commission shall strive-
to maintain the confidence of investors in the securities markets by ensuring adequate protection for such investors;"
and my dear if u havn't gone through the said act then i ll be pleased to send you the Act by email. if u r interested.
<BLOCKQUOTE id=quote><font size=1 face="Verdana" id=quote>quote<hr height=1 noshade id=quote>In the meantime, read the ICAP Audit Practice Manual fully, it may help you in your next exams.<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana" size=2 id=quote>
I don't need to study the ICAP manual for my forthcoming exams <img src=icon_smile_big.gif border=0 align=middle><img src=icon_smile_big.gif border=0 align=middle>
and Pooooh be cool in the future while making postings, and you will be CA inter in near future, so it doesnt look good for a professional to react like this. <img src=icon_smile.gif border=0 align=middle>
Regards.
S M R
Edited by - smraza on Sep 11 2003 25329 PM