07-18-2010, 03:00 PM
Dear Mr Kamran
Thanks for your courtesy and valuable time... By the way, i knew your answer at first place, I knew that you will raise a issue on audit limited and absolute assurance. I agree with most of your points. I know that most firms in Pakistan are completing all the local and international regulations and pronouncements with exceptions of few firms who issue three or more different audited reports. One for FBR, One to take loan from bank and one for their own purpose. But, generally, firms are complying with all the local and international regulations....
Sir, the questions i raised were not from a CA student or Trainee, they were the questions from this nation who knows nothing about AUDIT and Assurance. So your answers should have been written focusing them, not me, a CA trainee who already knows about audit limited assurance and limitations as well. Yes, i am student, but i know little bit... lol
Sir, at some places, we encounter regulations and "Ethics" simultaneously..... What i wanted to say was that "i agree that majority of the firms are complying with all the regulations and not a single question may be raised on their integrity, BUT WHAT ABOUT ETHICS? I mean to say firms use this "limited assurance" clause as an alibi, knowing the fact that there are unlimited irregularities which also come under the umbrella of audit scope, but after all, we are "Well qualified and trained Chartered Accountants" and we are capable enough to ignore or hide such irregularities under the name of "limited assurance" and there are number of loopholes in our regulations or system which we can use as an alibi..... AND WE USE IT UP TO MAXIMUM EXTENT.
Dear Sir
Now, i am not at all want to prolong this useless discussion, i know at the end we will get nothing but just waste of time. I have also taken your so much time, and this is a debt on me..... and i appreciate your courtesy....
I wish you were my teacher or i had some chance to meet you and learn from you.....
I am very sorry for my harsh words and very thankful for your politeness at the same time.
In the last, i want to ask something..... I am standing at the verge of my decision making process, as i told you i am gonna change my field and i told you the reasons.... and in my decision making process, not a single matter is supporting to continue for Chartered Accountancy...
May you create a single enough reason for me to stay with this profession because deep down in my heart, i still feel the same love which i used to feel for my profession. Yeah, i have truly loved my profession but now.....
You know I end up not getting selected in BIG 10 or i might say even BIG 20 firms, WHAT IS MY SCOPE AFTER COMPLETING MY ARTICLES FORM SUCH A SMALL FIRM??? Passing the exams is not an issue for me, and has never been an issue for me in the past, i am quite sure of my abilities. I just want to know "what is my future becoming a chartered accountant having qualified form a small firms who hardly has one or two listed clients?"
Will i be able to still compete in the market with Chartered Accountants who are qualified from BIG 4?
Sir, please i need a sincere answer and a direct answer, not a long theory from which i myself have to dig the answer.... Your support may ease my decision making process.
And let me tell you, getting selected in a small firm is not the ONLY reason for leaving this profession, there are plenty of other reasons but If i get assurance that this small firm wont have a big issue with my career in future, i might regained all my love for this profession again and all the other issues will have no preference over my love.... one thing more, while construction your answer, consider the fact, i have found another lucrative career which i can easily pursue in very short time and this is something which is enticing me..... and this is far more lucrative than CA. lol.... I don't want to put efforts in any field who finally yield not more than 50, 60k.... You can think of me quite negatively, but i told u that we do hard work in this world just to earn, and this is universal truth...
So this is the Pivot Question i have asked you to answer. WILL I STILL BE ABLE TO COMPETE WITH BIG 4 QUALIFIED CAs?
Your answer will draw lines for my future....
Thanking you.
Regards
hadeedian
Thanks for your courtesy and valuable time... By the way, i knew your answer at first place, I knew that you will raise a issue on audit limited and absolute assurance. I agree with most of your points. I know that most firms in Pakistan are completing all the local and international regulations and pronouncements with exceptions of few firms who issue three or more different audited reports. One for FBR, One to take loan from bank and one for their own purpose. But, generally, firms are complying with all the local and international regulations....
Sir, the questions i raised were not from a CA student or Trainee, they were the questions from this nation who knows nothing about AUDIT and Assurance. So your answers should have been written focusing them, not me, a CA trainee who already knows about audit limited assurance and limitations as well. Yes, i am student, but i know little bit... lol
Sir, at some places, we encounter regulations and "Ethics" simultaneously..... What i wanted to say was that "i agree that majority of the firms are complying with all the regulations and not a single question may be raised on their integrity, BUT WHAT ABOUT ETHICS? I mean to say firms use this "limited assurance" clause as an alibi, knowing the fact that there are unlimited irregularities which also come under the umbrella of audit scope, but after all, we are "Well qualified and trained Chartered Accountants" and we are capable enough to ignore or hide such irregularities under the name of "limited assurance" and there are number of loopholes in our regulations or system which we can use as an alibi..... AND WE USE IT UP TO MAXIMUM EXTENT.
Dear Sir
Now, i am not at all want to prolong this useless discussion, i know at the end we will get nothing but just waste of time. I have also taken your so much time, and this is a debt on me..... and i appreciate your courtesy....
I wish you were my teacher or i had some chance to meet you and learn from you.....
I am very sorry for my harsh words and very thankful for your politeness at the same time.
In the last, i want to ask something..... I am standing at the verge of my decision making process, as i told you i am gonna change my field and i told you the reasons.... and in my decision making process, not a single matter is supporting to continue for Chartered Accountancy...
May you create a single enough reason for me to stay with this profession because deep down in my heart, i still feel the same love which i used to feel for my profession. Yeah, i have truly loved my profession but now.....
You know I end up not getting selected in BIG 10 or i might say even BIG 20 firms, WHAT IS MY SCOPE AFTER COMPLETING MY ARTICLES FORM SUCH A SMALL FIRM??? Passing the exams is not an issue for me, and has never been an issue for me in the past, i am quite sure of my abilities. I just want to know "what is my future becoming a chartered accountant having qualified form a small firms who hardly has one or two listed clients?"
Will i be able to still compete in the market with Chartered Accountants who are qualified from BIG 4?
Sir, please i need a sincere answer and a direct answer, not a long theory from which i myself have to dig the answer.... Your support may ease my decision making process.
And let me tell you, getting selected in a small firm is not the ONLY reason for leaving this profession, there are plenty of other reasons but If i get assurance that this small firm wont have a big issue with my career in future, i might regained all my love for this profession again and all the other issues will have no preference over my love.... one thing more, while construction your answer, consider the fact, i have found another lucrative career which i can easily pursue in very short time and this is something which is enticing me..... and this is far more lucrative than CA. lol.... I don't want to put efforts in any field who finally yield not more than 50, 60k.... You can think of me quite negatively, but i told u that we do hard work in this world just to earn, and this is universal truth...
So this is the Pivot Question i have asked you to answer. WILL I STILL BE ABLE TO COMPETE WITH BIG 4 QUALIFIED CAs?
Your answer will draw lines for my future....
Thanking you.
Regards
hadeedian
