05-30-2006, 12:42 AM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Abdur.Rehman</i>
<br />Well there is one and Mr. Pracs it seams as if after wandering around in 5 firms and getting nothing u have started a net cafe and u have nothing else to do than to oppose ali. Y do u do like that.<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Poor me, yeah been not only rejected by all the big4/5 except for KPMG..but some thing that had me spanned three countries as well. hope you will get me in,, since I am all out in a net cafe.. I wonder why is Mr. Ali all that up about coming back with replies so soon.. so whay you say do I stand a chance???
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote">
If u want to take a look at the facts, as u were asking for them
first have a look at the companies out of the top 30 of 29-05-06 on KSE that are audited by KPMG
1)OGDCL
2)PTCL
3)DGK Cement
4)FFBL
5)Union Bank
6)Fauji cement
7)sui northern
8)Pakistan Cement
9)Faysal bank
10)MCB
11)National Bank of Pakistan
12)Sui Southern
13)Pakistan PTA
14)PICIC Commercial Bank
15)PICIC GrowthXD
And there are many other well reputed companies i.e. FFC, Shell, siemens, Engro chemicals and almost all the oil and gas sector of Islamabad which are not in the top 30 KSE for the day audited by KPMG.
And also have a look at Islamabad stock exchage. There are three top stocks of which two i.e OGDCL and PTCL are with KPMG and the third one is with FRSH.<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
<b><i>The very fist company that I have looked up on your list Sui Northern (SNGPL) as per their website (most recent quarterly reviews )is audited jointly by FRSH and Riaz Ahmed & Co. so I simply don't know what to say ? here is the link
http//www.sngpl.com.pk/download/March%202006.pdf</i></b>
So can't say how many other companies are either joint audits or done by some other audit firm all together.
<b><i>Next in line PTCL is this time.. half right jointly audited by AFF and KPMG-THK...
http//www.ptcl.com.pk/financials/halfyear2006/review.html</i></b>
<b><i>Lets look at another one National Bank of Pakistan, again a joint audit between FRSH and KPMG !!!
http//www.nbp.com.pk/AnnualReport2004/NBP_Accounts_04.pdf</i></b>
I am scratching my head now...
Having said that, I will still give you the benefit of the doubt and perhaps your information is more upto date.. but I do believe that to be more objective we need a comparison with atleast FRSH and atleast the audit fee you could have top 30 companies in your pocket and still be paid less than your peers !
I think (which means its my humble opinion and there is nothing binding to any one who reads this) it would make more sense to compare firms by no. of partners and staff.. which is more readily available. I have got the number of partners, some one working in those firms can just get us the no. of staff... just a suggestion there don't label me an old retard for just saying this.
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote">
u can visit the website of KSE and ISE for reference.
and stop thrashing the facts which doesnt match with ur ideas.
and get up from ur fast sleep. Open the door and look out its a day.
bye
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
I have no facts to thrash on, what facts are you talking about,, apart from this first piece which you have put up here.. but is still not conclusive since.. there is no comparison about the other Big2,. and there is quite a difference between audit fees and other revenues from one Top 30 company to another...
I am not fast asleep, I am all up and see,, replying your post. If you want some one on your side you need to give them enough facts and be quite professional about it.. I may differ with you on some facts but just because that is the case I am not to go ahead and bad mouth you. Because as I understand the differenc is in our opinion, which we may defend passionately but as Human beings, and memebers of civilised educated households we would still respect each others boundries as such.
So despite you couple's dismal record of 'unruly behaviour' and crude language and reference to my 'employment status' (which you know nothing about to start with), I am not going to say on any of your personal status with regards to your qualifications, accomplishments or lack there of.. (I know I have much leverage there)
So Gentlemen have a nice day !
<br />Well there is one and Mr. Pracs it seams as if after wandering around in 5 firms and getting nothing u have started a net cafe and u have nothing else to do than to oppose ali. Y do u do like that.<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Poor me, yeah been not only rejected by all the big4/5 except for KPMG..but some thing that had me spanned three countries as well. hope you will get me in,, since I am all out in a net cafe.. I wonder why is Mr. Ali all that up about coming back with replies so soon.. so whay you say do I stand a chance???
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote">
If u want to take a look at the facts, as u were asking for them
first have a look at the companies out of the top 30 of 29-05-06 on KSE that are audited by KPMG
1)OGDCL
2)PTCL
3)DGK Cement
4)FFBL
5)Union Bank
6)Fauji cement
7)sui northern
8)Pakistan Cement
9)Faysal bank
10)MCB
11)National Bank of Pakistan
12)Sui Southern
13)Pakistan PTA
14)PICIC Commercial Bank
15)PICIC GrowthXD
And there are many other well reputed companies i.e. FFC, Shell, siemens, Engro chemicals and almost all the oil and gas sector of Islamabad which are not in the top 30 KSE for the day audited by KPMG.
And also have a look at Islamabad stock exchage. There are three top stocks of which two i.e OGDCL and PTCL are with KPMG and the third one is with FRSH.<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
<b><i>The very fist company that I have looked up on your list Sui Northern (SNGPL) as per their website (most recent quarterly reviews )is audited jointly by FRSH and Riaz Ahmed & Co. so I simply don't know what to say ? here is the link
http//www.sngpl.com.pk/download/March%202006.pdf</i></b>
So can't say how many other companies are either joint audits or done by some other audit firm all together.
<b><i>Next in line PTCL is this time.. half right jointly audited by AFF and KPMG-THK...
http//www.ptcl.com.pk/financials/halfyear2006/review.html</i></b>
<b><i>Lets look at another one National Bank of Pakistan, again a joint audit between FRSH and KPMG !!!
http//www.nbp.com.pk/AnnualReport2004/NBP_Accounts_04.pdf</i></b>
I am scratching my head now...
Having said that, I will still give you the benefit of the doubt and perhaps your information is more upto date.. but I do believe that to be more objective we need a comparison with atleast FRSH and atleast the audit fee you could have top 30 companies in your pocket and still be paid less than your peers !
I think (which means its my humble opinion and there is nothing binding to any one who reads this) it would make more sense to compare firms by no. of partners and staff.. which is more readily available. I have got the number of partners, some one working in those firms can just get us the no. of staff... just a suggestion there don't label me an old retard for just saying this.
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote">
u can visit the website of KSE and ISE for reference.
and stop thrashing the facts which doesnt match with ur ideas.
and get up from ur fast sleep. Open the door and look out its a day.
bye
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
I have no facts to thrash on, what facts are you talking about,, apart from this first piece which you have put up here.. but is still not conclusive since.. there is no comparison about the other Big2,. and there is quite a difference between audit fees and other revenues from one Top 30 company to another...
I am not fast asleep, I am all up and see,, replying your post. If you want some one on your side you need to give them enough facts and be quite professional about it.. I may differ with you on some facts but just because that is the case I am not to go ahead and bad mouth you. Because as I understand the differenc is in our opinion, which we may defend passionately but as Human beings, and memebers of civilised educated households we would still respect each others boundries as such.
So despite you couple's dismal record of 'unruly behaviour' and crude language and reference to my 'employment status' (which you know nothing about to start with), I am not going to say on any of your personal status with regards to your qualifications, accomplishments or lack there of.. (I know I have much leverage there)
So Gentlemen have a nice day !
