02-09-2009, 04:56 PM
Dear Kamran
Thanks a lot. When I was writing the topic ACMA Vs CA I was thinking that it is unethical or unprofessional. But thanks you very much you have endorsed my opinion that a war initiated by the CAâs exists in Pakistan.
In my one of previous posting I have written CA's was unchallenged till the early eighties. You said that you donât have any hate for any profession but dear your heat toward ACMA, atleast apparent and very visible at many pleases, both your replies to my recent topic and also at many topic on the Accountancy Forum.
I have read the section 234 of Companies Ordinance, 1984 and the Schedule fifth of the said Ordinance. I found not a single sentence about its applicability to the other type of business organization except companies. If Fed Govt or the SECP have made applicable the requirements of Schedule Fifth of the company ordinance on other type of business organization through any of its circular or order please give the reference of such circular.
Dear Sir, I am also a part qualified ACMA and hold a managerial position in second largest advertising company of Pakistan. No doubt, you have much knowledge and experience and a practicing member beside it you are a qualified C.A. Sir I have worked thought my career with the qualified CAâs and ACMAâs. Let me tell you a joke of one of your qualified CHARTED ACCOUNTANT. One of a very skilled and energetic CA wanted to get audited his account without preparing Bank Reconciliation Statements. I can give his membership number to you but I think it will too unethical. So donât throw stones on others you also live in GLASS ROOM.
You say
âThe issues of american and british terminology do not practically exist.â
Mind it the basic purpose of finical statements is to allow users of finical statements to make more informed decision making while making investment decisions.
Yes this is not a big issue for an ACA but it is a big and disturbing issue for the shareholders who are all not ACA or ACMA instead even some of them are partially literate.
The one of basic difference is that the American Accountant donât treat P & L A/C as ledger A/C but the British Accountants use P & L A/C as general ledger account even in Cost Accountant. <font color="red">I know no course of Advance Cost Accounting is not being taught at CA (But they can conduct the Cost Audit according to CO what a big Contradiction and Joke ACMA cannot conduct financial audit even they have advance course of audit and accounts) but for your kind information please consult the most well known book âManagement and Cost Accountingâ written by âColin Doryâ</font id="red">
Mind it the basic purpose of finical statements is to allow users of finical statements to make more informed decision making while making investment decisions.
Your also say about me
<font color="red">âIf you don't know about OGDCL, then try to know about it. There are certain others in the row if you would try you will come to know.â</font id="red">
But one of your posting of 4th Feb you said
<font color="red">âI in fact am unaware of such verdict given by the court. However, I had an understanding that ACMAs can audit below that limit. But the governing rule was not in my memory. Can you provide me some reference to download it from somewhereâ.</font id="red">
I think you assume all other top professionals as Kids thatâs why you frequently use following words not only for me but also for others (Rabia and Khalid)
<font color="orange">Kidding
Kid
Child
Childish</font id="orange">
Sir I want to talk you on REAL ISSUES of account and finance rather than NON âISSUES on equality basis.
Thanks and Regards
Awais Aftab
Thanks a lot. When I was writing the topic ACMA Vs CA I was thinking that it is unethical or unprofessional. But thanks you very much you have endorsed my opinion that a war initiated by the CAâs exists in Pakistan.
In my one of previous posting I have written CA's was unchallenged till the early eighties. You said that you donât have any hate for any profession but dear your heat toward ACMA, atleast apparent and very visible at many pleases, both your replies to my recent topic and also at many topic on the Accountancy Forum.
I have read the section 234 of Companies Ordinance, 1984 and the Schedule fifth of the said Ordinance. I found not a single sentence about its applicability to the other type of business organization except companies. If Fed Govt or the SECP have made applicable the requirements of Schedule Fifth of the company ordinance on other type of business organization through any of its circular or order please give the reference of such circular.
Dear Sir, I am also a part qualified ACMA and hold a managerial position in second largest advertising company of Pakistan. No doubt, you have much knowledge and experience and a practicing member beside it you are a qualified C.A. Sir I have worked thought my career with the qualified CAâs and ACMAâs. Let me tell you a joke of one of your qualified CHARTED ACCOUNTANT. One of a very skilled and energetic CA wanted to get audited his account without preparing Bank Reconciliation Statements. I can give his membership number to you but I think it will too unethical. So donât throw stones on others you also live in GLASS ROOM.
You say
âThe issues of american and british terminology do not practically exist.â
Mind it the basic purpose of finical statements is to allow users of finical statements to make more informed decision making while making investment decisions.
Yes this is not a big issue for an ACA but it is a big and disturbing issue for the shareholders who are all not ACA or ACMA instead even some of them are partially literate.
The one of basic difference is that the American Accountant donât treat P & L A/C as ledger A/C but the British Accountants use P & L A/C as general ledger account even in Cost Accountant. <font color="red">I know no course of Advance Cost Accounting is not being taught at CA (But they can conduct the Cost Audit according to CO what a big Contradiction and Joke ACMA cannot conduct financial audit even they have advance course of audit and accounts) but for your kind information please consult the most well known book âManagement and Cost Accountingâ written by âColin Doryâ</font id="red">
Mind it the basic purpose of finical statements is to allow users of finical statements to make more informed decision making while making investment decisions.
Your also say about me
<font color="red">âIf you don't know about OGDCL, then try to know about it. There are certain others in the row if you would try you will come to know.â</font id="red">
But one of your posting of 4th Feb you said
<font color="red">âI in fact am unaware of such verdict given by the court. However, I had an understanding that ACMAs can audit below that limit. But the governing rule was not in my memory. Can you provide me some reference to download it from somewhereâ.</font id="red">
I think you assume all other top professionals as Kids thatâs why you frequently use following words not only for me but also for others (Rabia and Khalid)
<font color="orange">Kidding
Kid
Child
Childish</font id="orange">
Sir I want to talk you on REAL ISSUES of account and finance rather than NON âISSUES on equality basis.
Thanks and Regards
Awais Aftab