06-14-2003, 05:00 AM
Congratulations guys... ICAP has updated its "Vision & Strategy"... look at url
http//www.icap.org.pk/vision/vision.html
Now it reads like this
"The Sub-Committee has finalized its report and has presented the same to the Task Force. The Sub-Committee and the Task Force had a joint meeting on 4 April 2003 and had detailed deliberations on various aspects of the report. The Task Force is in the process of finalizing its recommendations and it is expected that these would be presented for adoption at the next Council meeting to be held in the last week of July 2003."
You see!!!!.... that Vision & Strategy which was to be set for "NEXT DECADE"... i.e. 120 months, out of that time 5 months are already gone... by the time it's finalised it would be 6 months...that means our profession at it's peak of efficiency requires 5% "Time Over-Run".... Now please someone tell me... how can someone raise any audit objections upon any "Cost Over-Run" or what they call it "Ghapla"????
We always commit frauds in time... anywhere... everybody can judge it.. Perhaps...time is worthless than "Rupee" to us.... and may be we are the only one Nation which (has been and still) can afford it....
But..please listen my actual opinion!!... don't you think??? (I also think alike) that even if ICAP had formulated any (yet another "Tunnel-Visioned" type of ) Strategy five months back.... they would've been the "Same Old *****" ...
http//www.icap.org.pk/vision/vision.html
Now it reads like this
"The Sub-Committee has finalized its report and has presented the same to the Task Force. The Sub-Committee and the Task Force had a joint meeting on 4 April 2003 and had detailed deliberations on various aspects of the report. The Task Force is in the process of finalizing its recommendations and it is expected that these would be presented for adoption at the next Council meeting to be held in the last week of July 2003."
You see!!!!.... that Vision & Strategy which was to be set for "NEXT DECADE"... i.e. 120 months, out of that time 5 months are already gone... by the time it's finalised it would be 6 months...that means our profession at it's peak of efficiency requires 5% "Time Over-Run".... Now please someone tell me... how can someone raise any audit objections upon any "Cost Over-Run" or what they call it "Ghapla"????
We always commit frauds in time... anywhere... everybody can judge it.. Perhaps...time is worthless than "Rupee" to us.... and may be we are the only one Nation which (has been and still) can afford it....
But..please listen my actual opinion!!... don't you think??? (I also think alike) that even if ICAP had formulated any (yet another "Tunnel-Visioned" type of ) Strategy five months back.... they would've been the "Same Old *****" ...
