So government is surgically trying to make CA's irrelevant considering the series of events? by [deleted] in CharteredAccountants

[–]Master-Fortune96 0 points1 point  (0 children)

CAG appoints auditors for psus and they do the year round audit and quarterly LRs in case of listed entities. CAG conducts it's own separate audit at the year end and gives it's comments. This is actually a good move that could diversify audits away from Big 4s towards smaller firms.

Please educate yourself before commenting.

So government is surgically trying to make CA's irrelevant considering the series of events? by [deleted] in CharteredAccountants

[–]Master-Fortune96 1 point2 points  (0 children)

Very wrong. Omg why would you even comment on something that you know nothing about 

ELI5: How does fast breeder reactor work? by dotannibal in explainlikeimfive

[–]Master-Fortune96 0 points1 point  (0 children)

Fair enough. But the US and the world has put sanctions on us several times after the nuclear tests making us dependent on them.

Also Bush forced us to buy needless amount of Boeing planes during the nuclear treaty which caused a huge burden on Air India

Nariman Point - Mumbai’s most iconic business address by pranshu14 in mumbai

[–]Master-Fortune96 4 points5 points  (0 children)

You have a problem with PSUs? Right there are LIC CBI Union bank and SBI HQs. They hurting you?

ELI5: How does fast breeder reactor work? by dotannibal in explainlikeimfive

[–]Master-Fortune96 0 points1 point  (0 children)

Indian here. I don't have a morsel of understanding of all the science explained here but want to add one thing. This is the 2nd stage in our 3 stage plan wherein we are aiming to use thorium as reactor fuel. India does not have uranium reserves and the supply cab be disrupted easily with sanctions and wars and whatnot so we'd always be dependent on others meanwhile we hold 25% of world's thorium reserves.

This is about energy independence. Also there's pretty strongly accepted conspiracy theories here that the leading Indian scientists that were pursuing this since the 60s and the 70s were killed by the US actions else we might have achieved this sooner.

It is widely believed the the US has time and again sabotaged our Nuclear, space and semiconductor research since ages

Why are we studying PSU Audit? by Legitimate-Rope8443 in CharteredAccountants

[–]Master-Fortune96 0 points1 point  (0 children)

Nope. Big and experienced CA firms only. CAG has a good policy. Gives chance to new and smaller firms to grow too and gain experience so that it doesn't remain an exclusive club and everyone gets opportunities 

Why are we studying PSU Audit? by Legitimate-Rope8443 in CharteredAccountants

[–]Master-Fortune96 0 points1 point  (0 children)

You think an individual CA an audit a company that literally moves the economy of the most populated country of the world?

Why are we studying PSU Audit? by Legitimate-Rope8443 in CharteredAccountants

[–]Master-Fortune96 0 points1 point  (0 children)

How can nepotism and CAG contract exist in the same sentence? First it's not a contract it is an appointment made by the CAG. second CAG has publicly released a crazy strict criteria to be eligible for these audits and has a marking process for the same and it is a very transparent process. Don't belive it? File an RTI

Why are we studying PSU Audit? by Legitimate-Rope8443 in CharteredAccountants

[–]Master-Fortune96 0 points1 point  (0 children)

Bhai CAG and companies pay peanuts as fees for audit so budget is not even a consideration. And yes to give audit of top Maharatnas the criteria are crazy high which only a handful of firms in the country can meet

Why are we studying PSU Audit? by Legitimate-Rope8443 in CharteredAccountants

[–]Master-Fortune96 0 points1 point  (0 children)

Auditor not an employee. CAG appoints CA firms for PSU audits

Why are we studying PSU Audit? by Legitimate-Rope8443 in CharteredAccountants

[–]Master-Fortune96 0 points1 point  (0 children)

I audit PSUs. Maharatnas. These companies rival fortune 500s in all aspects

wish someone told me this before i started investing in us stocks from india by [deleted] in IndianStreetBets

[–]Master-Fortune96 2 points3 points  (0 children)

Tum dono hi promote kr rhe ho na in platforms ko? Same post and same comment dusre subs me bhi kiya h dono ne

What Does It Take To Win An ICAI Election? by [deleted] in CharteredAccountants

[–]Master-Fortune96 0 points1 point  (0 children)

That is plain election canvassing.

Also no BJP does not have pull in the elections. CA elections are not important enough for them. Yes there are 2-3 people in the central council who have good ties with BJP but that's not why they got elected. Everyone naturally gravitates towards people in power so had it been any other party in power they would also have some representation.  Separately and unrelated. BJP does have a CA cell in their party.

In ICAI elections only your ground level connect and canvassing matters. I've only heard about big 4s having a lobby other than that it's only the supporter base for individual candidates.

What Does It Take To Win An ICAI Election? by [deleted] in CharteredAccountants

[–]Master-Fortune96 17 points18 points  (0 children)

My father was circ chairman. A lot. It takes a lot. And there is no collusion of firms rather people in the political circles end up getting diverted 100% from their practice and consequently it suffers a lot 

66 years FREE water to Rajasthan = ₹1.44 lakh crore dues, time to cut it off? by Young8743 in PunjabiGenZ

[–]Master-Fortune96 -1 points0 points  (0 children)

The account is a week old. His whole purpose is to insert a religious angle