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Starting Your Own Business / Professional Practice - Part 1

A person starting his own business is often cautioned against making such folly. If you fail, there are thousand monkeys to come around and scream "I Told You So!" on your face. If you succeed, there are thousand pigs calling you greedy and money minded. Your failure is attributed to your lack of wisdom and foresight, and your arrogance of not having listened to the sagacious lazy bum. Your success is, of course attributed to unethical means, greasing the palms of the high and mighty, and sale of your soul to the devil.  I am not ignoring the fact that there are people who are genuinely interested in your life, and would be by your side, rain or shine. They share their views matter-of-factly and heartily wish you on your success, and steadfastly support you during periods of distress. All without making any hurtful wise ass comment, unlike the loathsome bums, who will be waiting to scavenge on your failures. The group of bums who, like the agony aunt, are ...

Being a CA

Conversation between an Entrepreneur Engineer and his CA "My knowledge in accounting is better than yours on Engineering. You know that. What's the use of a CA? Do you guys produce? Do you guys contribute to profits? Do you atleast move? I am the engine of growth of my country. People at my office are its wheels. We help the country move. We help it progress. What about you? Do you guys even light up ever or smile? The most useless staff on my payroll is my accountant, and the most useless person on my vendor list is the Chartered Accountant. You guys talk like a sheep telling not to do this or not to do that. What are you guys? My advisor or my grand ma? " "Tch. Tch. Tch.... Imagine a car without a brake and a stubborn steering, and an engine that is clocking few thousand rpms and the wheels spinning at around one hundred plus kilometres, and heading towards a tree or a rock or a truck... You get the point? We are the steering and the break. We help you no...

Open Letter to The Council of ICAI on Articleship

To The Central Council The Institute of Chartered Accountants of India Greetings on the eve of Pongal / Makara Sankaranthi! Within the next couple of weeks, there would be the customary election for the Vice President and President for the third and final year of the 22nd Council (present disposition) before the elections for the 23rd Council kicks in, and we would have a new set of Council Members at the top of the ICAI's decision making hierarchy.  With the the Elections to the 23rd Central Council Elections and for various Regional Council looming large and with barely eleven months ahead, I request your goodselves to sit down, and pass a resolution (unanimously) and issue diktats to all the contestants and the CAs in general, on just one thing - Not To Engage Articled Clerks for Works Other than Audit Related or Office Related Works. And definitely not for Election Campaigning. And not for engaging in personal works. Not for pamphlet distributions or telephoni...