Financial Risk Manager

Commodore (Retd) Sadeed A Malik Kashir said...

Every human activity follows an Economic/Commercial pattern; if the Economic/Commercial pattern remains viable the human activity survives otherwise the human activity succumbs to times and falls. That is to say Economic/Commercial activity has to be honestly audited otherwise its viability diminishes and the activity moves towards its end. Running of countries is one of the largest human activities. The saying is true in this context as well. In running the activity honestly it depends how honestly the activity has been audited and how much deterrence the audit authorities have over the managers. It goes without saying here that the audit activity has to be honest. If the auditors themselves start misusing their deterrence for personal gains then nothing worse can happen to that human activity.

Chartered Accountants are at the very core of any country’s Economic/Commercial activities. Pakistan is rightly known to be one of the most corrupt countries in the world. USSR expired because its Economic/Commercial pattern had failed, because of corruption. Being corrupt, are we not on USSR’s path ! ! ! With this preview I would like to inform our worthy community of Chartered Accountants that if we failed in our duties the writing on the wall should be clear.

If ever anything adverse happens to Pakistan the direct responsibility shall rest with ACAP. The lawyers’ community has proved that Pakistan shall stand for the right. Now the buck is entirely with our Accountants. The cry of the time is perform your duties without any fear, favour or greed. There only lies the survival of your lovely Pakistan.