02-14-2010, 06:33 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by awaisaftab</i>
<br />corruption is obvious in every field of our culture (including in audit firms). If one deny it then it means he is closing his eyes. I cannot say anything about a person who is accepting voluntary blindness. I am sorry to say Mr. Kamran advocating ICAP and audit firms blindly. There was no need of writing long posts. The answer of the points raised by me was very simple but kamran sahab ko us waqt tak maza nhn ata jub tak RUJ k dosre ki pagri na uchal lain. The answer was that corruption is bitter reality of our society and CA's are also part of this system.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
What a decent conclusion it has been tried to reach at after creating all the mess that has resulted in aggravated situation at this thread.
The man with âthree sharp eyesâ has seen that Mr. Kamran is "blindly" advocating ICAP but could not see the factual and authentic replies to his uninformed and indecent questions. He has already proved that he does not in fact know what is or was going on at various threads since it is obvious from his "three eyed" repeated comment on two threads that âno one criticizes ICAP or makes suggestions to it". I wish he develop the ability to use his "three eyes".
Were the following also looked at by the kind wisdom of this visionary man
- that I asked him if he knows about full process of oversight functions, monitoring, QCR satisfactory rating, Quality Assurance Board and its members, which companies can conduct audit of listed entities and how they get such right, what are audit panels of SBP, Modarabas, Stock Exchanges etc, how ICAP members are reprimanded upon doing invalid acts, how much such cases were surfaced and decided during last some years ..... so on ..... and so forth.
- that I told him what is "Hospitality" and why IFAC's code is vital to be followed as per law of Pakistan. I mentioned of a clause of Code of Corporate Governance on which this âconsultant of corporate lawsâ did not bother to look at.
- that I agreed and also tried to make him understand that corruption is personalized thing and its instances can be found invariably everywhere including CAs or CMAs as well. However, on public forums mentioning such names without any knowledge of the facts and without any proof or basis is another example of moral turpitude that is not lesser serious than the act of corruption itself. Laws and procedures are a check on it but cannot preclude their existence at all. Yes, so far honest system is in place that is effective and efficient, things cannot go out of control and the corruption at such level cannot escape such check for the longer run.
- that I educated him about the responsibilities in relation to an audit in accordance with ISA-200 that he was totally uninformed of, regardless of his claim of having abilities to perform audit.
- that I challenged him that he is incorrect and is supposed to misunderstand and misinterpret the facts on the issue of big-4 and their services under section 204A of the Companies Ordinance, 1984 (under specific arrangement that he is not able to understand) that he highlighted without having a sense that what is "personalized".
- that I told him not to make statements about IAS-12 and IAS-19 if he his-self don't understand such pronouncements.
Certainly his vision has not pondered on this all indirect informational stuff which I produced for his help.
He very innocently is declaring that a very simple answer was required to clarify the things and that Mr. Kamran has done bala bala with his Pagri. Certainly a simple answer with quite lower notes could have served the purpose provided there was in fact a Pagri some where.
However, if the question has been drafted in indecent, inhumanly and non-professional manner; if the question has mentioned the names of CAs/firms, names of their audit clients (from which firms can be identified), and the details of very very petty issues in most of places by mentioning names of firms or providing clues about them. And, on the other hand, the question had been drafted with fullest of confusion based upon fullest of misunderstanding and shortage of knowledge, misinterpretation, modifying of facts etc, then these two elements coupled with the style of writing down the post ask for nothing but the reply that has been given.
Simple answer to this last "innocent" and "three eyed" post is; please try to learn how simple and decent such a question can be drafted and posted so that simple and straightforward answer could be expected.
Sorry for all the inconvenience to the readers.
Regards,
<br />corruption is obvious in every field of our culture (including in audit firms). If one deny it then it means he is closing his eyes. I cannot say anything about a person who is accepting voluntary blindness. I am sorry to say Mr. Kamran advocating ICAP and audit firms blindly. There was no need of writing long posts. The answer of the points raised by me was very simple but kamran sahab ko us waqt tak maza nhn ata jub tak RUJ k dosre ki pagri na uchal lain. The answer was that corruption is bitter reality of our society and CA's are also part of this system.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
What a decent conclusion it has been tried to reach at after creating all the mess that has resulted in aggravated situation at this thread.
The man with âthree sharp eyesâ has seen that Mr. Kamran is "blindly" advocating ICAP but could not see the factual and authentic replies to his uninformed and indecent questions. He has already proved that he does not in fact know what is or was going on at various threads since it is obvious from his "three eyed" repeated comment on two threads that âno one criticizes ICAP or makes suggestions to it". I wish he develop the ability to use his "three eyes".
Were the following also looked at by the kind wisdom of this visionary man
- that I asked him if he knows about full process of oversight functions, monitoring, QCR satisfactory rating, Quality Assurance Board and its members, which companies can conduct audit of listed entities and how they get such right, what are audit panels of SBP, Modarabas, Stock Exchanges etc, how ICAP members are reprimanded upon doing invalid acts, how much such cases were surfaced and decided during last some years ..... so on ..... and so forth.
- that I told him what is "Hospitality" and why IFAC's code is vital to be followed as per law of Pakistan. I mentioned of a clause of Code of Corporate Governance on which this âconsultant of corporate lawsâ did not bother to look at.
- that I agreed and also tried to make him understand that corruption is personalized thing and its instances can be found invariably everywhere including CAs or CMAs as well. However, on public forums mentioning such names without any knowledge of the facts and without any proof or basis is another example of moral turpitude that is not lesser serious than the act of corruption itself. Laws and procedures are a check on it but cannot preclude their existence at all. Yes, so far honest system is in place that is effective and efficient, things cannot go out of control and the corruption at such level cannot escape such check for the longer run.
- that I educated him about the responsibilities in relation to an audit in accordance with ISA-200 that he was totally uninformed of, regardless of his claim of having abilities to perform audit.
- that I challenged him that he is incorrect and is supposed to misunderstand and misinterpret the facts on the issue of big-4 and their services under section 204A of the Companies Ordinance, 1984 (under specific arrangement that he is not able to understand) that he highlighted without having a sense that what is "personalized".
- that I told him not to make statements about IAS-12 and IAS-19 if he his-self don't understand such pronouncements.
Certainly his vision has not pondered on this all indirect informational stuff which I produced for his help.
He very innocently is declaring that a very simple answer was required to clarify the things and that Mr. Kamran has done bala bala with his Pagri. Certainly a simple answer with quite lower notes could have served the purpose provided there was in fact a Pagri some where.
However, if the question has been drafted in indecent, inhumanly and non-professional manner; if the question has mentioned the names of CAs/firms, names of their audit clients (from which firms can be identified), and the details of very very petty issues in most of places by mentioning names of firms or providing clues about them. And, on the other hand, the question had been drafted with fullest of confusion based upon fullest of misunderstanding and shortage of knowledge, misinterpretation, modifying of facts etc, then these two elements coupled with the style of writing down the post ask for nothing but the reply that has been given.
Simple answer to this last "innocent" and "three eyed" post is; please try to learn how simple and decent such a question can be drafted and posted so that simple and straightforward answer could be expected.
Sorry for all the inconvenience to the readers.
Regards,
