Have you ever find the Chartered Accountant with ethics ? NO!!!! NOT AT ALL!!! ICAI does not willing to produce any Chartered Accountant with ethics & this is deliberately, especially in the procedure of creating Chartered Accountant. When ANNUAL REPORT of company published, there is emphasis on Auditors' Report & considered it as most valid & valuable document, but this is not the case with Director's Report / Corporate Governance report. Also, without full information regarding all financial transactions, the Chartered Accountant can not prepare the accounting statement & after preparing that it is going to be shown to shareholders. How many Chartered Accountants are facing legal charges in courts, since its inception should have to come out. That number is in '000s. What action ICAI had taken against their members, also should have to come out, & what amount of time span is gone in waste. Also, all CAs prepare false accounting statements, is the wellknown fact & by that means only they are rich enough. Calculate what they get from their ordinary services like Accounting ( all persons in world do that ), auditing fees, taxation matters and then calculate how much their property, especially in the name of family members as they can not make other business while working as a Chartered Accountant. THERE IS NO CHARTERED ACCOUNTANT IN INDIA WHO HAS THE ETHICS.
Re: HAD ANY PERSON SEE THE ETHICAL CHARTERED ACCOUNTANT ?
by satish on Apr 21, 2009 03:45 PM
Yes, I agree CA's have become dalals in between ito & businessmen, or clients & bank managers.Every CA & their family member's assetts should be enquired into thru CBI. Every CA/ accounts officials including clerks who collarobrate with businessman employers should be punished before his businessman employer if any tax-evading is found in companies account.
Indian Business School is ranked 15th in International educational institutions; that is the proud moment for India and that is the topmost achievement for any Indian educational institution. Also, it is surprising that Indian Business School overtakes IIMs, IITs like great educational institutions and paltry educational bodies, whose quality structures are in dolldrum, like ICAI, ICSI, ICWAI, etc. It is better for INDIAN GOVERNMENT that they should handover the responsibilities of ICAI, ICSI, ICWAI to Indian Business School & link Indian Business School to apex bodies and dissolve ICAI, ICSI, & ICWAI, so that no malpractices will happen in forthcoming bright future of corporate culture. Also, it is also desirable that all charters given to these three i.e. ICAI, ICSI, ICWAI, organisation members should have to be withdrawn permanently. At the moment of charters given to members of these third class educational institutions being taken back all black money will came into the system as white money & no special efforts will be required to overcome economic crisis. Government must have to pay attention to this important issue. ICAI is the institution which is 100% responsible for the parallel economy running in this country. If Ministry of Company Affairs is unwilling to this, then it is the presumption that ministry also part of the fraudulent system & their intentions were not to curb the malpractices but to proliferate the same.
Ban Institute of Chartered Accountants of India totally is the ultimate solution regarding SATYAM case. Not only SATYAM, but other medium size & large companies also are in fray. Other major companies suspected in line of SATYAM are Infosys, Reliance Industries, Reliance Capital, Zee Telefilms and Adlabs. ICAI should have to be dissolved completely & charters of all CAs should have to be taken back, using same law used for creation; use that law for dissolution of ICAI. There are lot of malpractices evidenced in ICAI, not only in operations of working CAs or on job CAs, but in the educational department of ICAI also. Instead of ICAI, there are other institutions also, like INDIAN BUSINESS SCHOOL, Hyderabad, whom authorities can be given & linked it to international apex body. Ban ICAI completely & take back charters given to all current CAs. The system established by ICAI is most currupt & worst system in the world. That is most important thing for much better, cleaner & faster corporate & cooperative sectors culture. In cooperative sectors, working of CAs is totally indulging frauds. In how many scandals ( girls & ladies ), how many CAs are involved, many people in this country are aware of. This educational institution (ICAI) is in actual practice, not a governing & educational institution, but the DARK SPOT on EMERGING ECONOMIC INDIA. THAT ICAI SHOULD HAVE TO BE ABOLISHED. 99.99% ICAI system made Chartered Accountants are corrupt & prepare false a/c statements in India.
PM, super PM should have open debate on public=a joke
Question of accountability= a joke
Issue of terrorism= a joke
food prices= a joke.
Open a TV, read any news paper you will see how pakistan is doing, what live is going on in pakistan. What obama speaks. How taliban is doing in pak as if in kashmeer they are not doing the same, why media doesn't report that?
PM, super PM should have open debate on public=a joke
Question of accountability= a joke
Issue of terrorism= a joke
food prices= a joke.
Open a TV, read any news paper you will see how pakistan is doing, what live is going on in pakistan. What obama speaks. How taliban is doing in pak as if in kashmeer they are not doing the same, why media doesn't report that?
