07-28-2003, 12:40 AM
A o A
Dear Ehrar, what do u want to say ?
what kind the problem is faced due to hiring of unqualified accountants, u said the investigators cannot find anything if the accounts are being prepared by unqualified accountants,
think about it again, r u saying correct ?????
u r talking tottaly opposite. bcaz if a professional accountant prepare accounts, then we can say it will be hard for investigators or inpectors to find out something wrong in the records.
as far as the loan from banks is concerned, so i would like to update your knowledge, No bank sanctions the loan on the basis of unaudited accounts.
The Code of Corporate Governance was issued after the scandal of Enron and Arthur Anderson, but i ll say that the things which happened in Enron, cannot happen in pakistan, as in pakistan no company shows false profits, it conceals it profit for the purpose of tax evasion,
as far as the CFO is concerned, Mr. Shirazi (Chairman Atlas Honda) rightly said, "now the SECP will tell us how to do the business, in our eyes, our unqualified (Angootha Chaap) accountant is more better than the Qualified Accountants, as we are satified with them"
Yes there should be check on the companies, but first of all we must take care of our revenue authorities,
i think Ehrar, u have never been to Income Tax department, u dont have any experience of assessment of any company, bcaz if u had the experience then u will be able to understand that how much it is difficult to get the company assessed, (i m talking about that which dont have any problem)
so dear i think we have to expell the black sheeps of our revenue authorities,
S M R
Dear Ehrar, what do u want to say ?
what kind the problem is faced due to hiring of unqualified accountants, u said the investigators cannot find anything if the accounts are being prepared by unqualified accountants,
think about it again, r u saying correct ?????
u r talking tottaly opposite. bcaz if a professional accountant prepare accounts, then we can say it will be hard for investigators or inpectors to find out something wrong in the records.
as far as the loan from banks is concerned, so i would like to update your knowledge, No bank sanctions the loan on the basis of unaudited accounts.
The Code of Corporate Governance was issued after the scandal of Enron and Arthur Anderson, but i ll say that the things which happened in Enron, cannot happen in pakistan, as in pakistan no company shows false profits, it conceals it profit for the purpose of tax evasion,
as far as the CFO is concerned, Mr. Shirazi (Chairman Atlas Honda) rightly said, "now the SECP will tell us how to do the business, in our eyes, our unqualified (Angootha Chaap) accountant is more better than the Qualified Accountants, as we are satified with them"
Yes there should be check on the companies, but first of all we must take care of our revenue authorities,
i think Ehrar, u have never been to Income Tax department, u dont have any experience of assessment of any company, bcaz if u had the experience then u will be able to understand that how much it is difficult to get the company assessed, (i m talking about that which dont have any problem)
so dear i think we have to expell the black sheeps of our revenue authorities,
S M R
