07-29-2003, 06:13 PM
asalam o alaikum
I think not. if CCG is made applicable to pvt. companies, I think its going to repel the investors and even the current companies might decide to change to partnership firms. cause too much governance is also not very popular, besides it has a cost too, and the present CCG is quite costly aswell.
ehrar you should read another topic "did yousuf adil deserve the membeship of DTT" and you will know that there is an agreed perception that qualified accountants are also involved in fraudulent reporting. and smraza is right when he says it because of the govt. dept. that separate accounts are maintained.
banks are supposed to give loans on audited financial statements (depending upon the amount of loan)
I dont think that is practical for each pvt. company to hire a qualified accountant - only if you look at the scale of their wages ,its pathetic, its violation of human right - darn those sethia people.
but you are right to say that there is lots of corruption in pvt. companies and it must be corrected without damaging their business - infect I believe the real (and a test for the so-called qualified big names) correction is one that improves your business, so the investor is happy to embrace it.
Me rulz
I think not. if CCG is made applicable to pvt. companies, I think its going to repel the investors and even the current companies might decide to change to partnership firms. cause too much governance is also not very popular, besides it has a cost too, and the present CCG is quite costly aswell.
ehrar you should read another topic "did yousuf adil deserve the membeship of DTT" and you will know that there is an agreed perception that qualified accountants are also involved in fraudulent reporting. and smraza is right when he says it because of the govt. dept. that separate accounts are maintained.
banks are supposed to give loans on audited financial statements (depending upon the amount of loan)
I dont think that is practical for each pvt. company to hire a qualified accountant - only if you look at the scale of their wages ,its pathetic, its violation of human right - darn those sethia people.
but you are right to say that there is lots of corruption in pvt. companies and it must be corrected without damaging their business - infect I believe the real (and a test for the so-called qualified big names) correction is one that improves your business, so the investor is happy to embrace it.
Me rulz
