CA RAJU SHAH A WAKE UP CALL !

---------- Forwarded message ----------
From: CA M.S.BHATIA <msbcabhatia@yahoo.co.in>
Date: Wed, Aug 31, 2011 at 7:26 PM
Subject: CA RAJU SHAH A WAKE UP CALL !

 

Dear Professional Colleagues,

A few years back one of the  council members informed that the following proposal is being discussed in the council , rather the draft of the same has been sent to the Finance Ministry and they have given their nod for the same.

The proposal was :-

---Tax audits will be alloted every year by an independent body consisting of members from ICAI and MOF.

--- The client will not have any say in the appointment of Auditor.

---The client will  deposit  fee ( in challan) with Income Tax Deptt.  according to the slabs ( as decided by MOF ) depending upon the Turnover.

--- Auditor will receive fee from the  I. Tax Deptt. 

Why this proposal has not been implemented, even after getting nod from the MOF.  

Who are the persons  acting against the Profession? 

Are they from our own profession ?

Benefits of Implementing the above Proposal :-

1. There will be equal distribution of work.
2. The quality of Audit will be ensured.
3. Even the juniors/freshers will be getting their due share in the professional work.
4. Advocates in the I. Tax practice will not be able to make a joke of our profession.
5. Every CA will be getting  Minimum standard rather handsome fee.
6. No dependency on the client for fee or next year appointment.
7. Independence , Integrity and Excellence will be ensured. Till today it is only on the walls.
8. We will get a chance to work HONESTLY.
9. Juniors/ freshers will not have to do MERCY audits.
10. It will be in the best interest of our profession as a whole, especially for the future generations.
11. The audit reports will  be worth reading and implementing.
12. Last minute rush of clients, resulting in total compromise of integrity and excellence, can be avoided.  As we will be able to dictate our own time bound schedule of audit work.
13. We will be able to get and maintain all the working papers which are needed to be shown when we are called upon  to do so.
14. The above proposals can be implemented in any type of audit may even be Company Audits through MCA

ABOVE ALL WE WILL ENJOY WORKING PEACE FULLY RATHER THAN UNDER PRESSURE.

QUESTIONs TO BE ASKED FORM OUR  own conscience?

Are  we  Independent ?

Are  we  not compromising our own Integrity ?

Are we putting in our  Excellence  with which we  have been bestowed upon by the GOD ?

Are we not being made a part , in creating Black money in the country ?

Are we not being made victims for the faults done by the Business community, remember Satyam Episode?

 

-------One day we all have to face the almighty GOD ?    Are we ready for that?----------

If ANNA HAZZARE can compel govt. to implement what public wants , then why can't we to our Institute.

If we take up the matter unitedly , this will  definitely  be implemented. This is not only in  the best interest of our own profession's survival  but the country as a whole.

Please discuss and  give suggestions for implementation..

 

 

CA M.S.BHATIA

JALANDHAR

( PUNJAB )

Mobile : 09855209344

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