x

Journal
Journal

Stay abreast with the latest developments in the professional domain along with in-depth analysis through the monthly BCA Journal. Get access to an engaging library of researched publications from the BCAS stable.
Learn More

Current Issue

Past Issues

Subscribe

BCAJ New Subscription

BCAJ Renew Subscription

Be a BCAS Member

Important Amendments by The Finance (No. 2) Act, 2024 – Charitable Trusts
Read More

Important Amendments by The Finance (No. 2) Act, 2024 – Capital Gains
Read More

Important Amendments by The Finance (No. 2) Act, 2024 – Buy-Back of Shares
Read More

Important Amendments by The Finance (No. 2) Act, 2024 – Re-Assessment Procedures
Read More

Important Amendments by The Finance (No. 2) Act, 2024 – Block Assessment
Read More

Important Amendments By The Finance (No. 2) Act, 2024 – Other Important Amendments
Read More

BCAJ New Subscription

BCAJ Renew Subscription

Be a BCAS Member
Brieficles

Brieficles

BCAJ Brieficles are short-format, web-only articles on contemporary topics of professional importance that are open-for-all to read & share.
Explore Brieficles

Legal Considerations for Start-Ups – Are you overlooking some?
Read More

ATR & AQMM – Audit Reports of Auditors!
Read More

भारत पहले – 75 Year of Independence
Read More
Resources
Resources

Explore past issues of BCA Journal & indulge in a treasure trove of high-quality professional content across format of print, videos & learning events from the BCAS stable.
Learn More

Past issues

Golden Content

Publications

Events

Self-paced Learning

Video Insights

President and CEO of The Institute of Internal Auditors
Read More

Mr. N. R. Narayana Murthy
Read More

Mr. Ishaat Hussain
Read More
About
About

Monthly mouth-piece of BCAS, the BCA Journal is a leading publication that has been in continuous circulation for more than 53 years. Over the years the BCAJ has become synonymous with high-quality & authentic content across fields of finance, accounting, tax & regulatory matters. The BCAJ has wide circulation across India & commands huge respect amongst the Chartered Accountants` community.
Learn More

Introduction

BCAS Website

Journal Policies

Contribute an Article
Advertise
Reach Us
Reach Us

For queries, collaborations, and insights to forge, Drop a line, share thoughts, inquiries galore, At BCAJ, your messages, we eagerly explore.
Learn More

Get in Touch

Feedback

September 2024

Contingent Liabilities and MRL – Management Representation Letter

By C. N. Vaze

Reading Time 4 mins

Shrikrishna : Arjun, in past years, during these months of August and September, you used to look worried. But now, you are not only worried but also afraid! What is the matter?

Arjun : Till now, our soldiers used to get killed in terrorists’ attacks. That is why I was worried. But nowadays our CAs are getting killed by Regulators.

Shrikrishna : What do you mean.

Arjun : Nowadays, there is always some news about suspension of membership of so many CAs; and fines of crores of rupees being imposed by the Regulator. That is making me afraid.

Shrikrishna : I understand.

Arjun : Bhagwan, you always say everything is the result of your karma, you have propounded the theory of karma.

Shrikrishna : True. Doing karma is in your hands but giving fruits is my prerogative.

Arjun : Then Lord, tell me, are the karmas of CAs really so bad? Are they sinners?

Shrikrishna : Arjun, these punishments are partly for doing wrong karma; but mainly for not doing the karma

Download PDF

Previous Post

Next Post

You May Also Like

Interesting Productivity Tools at the Workplace and For Personal Well-Being

Regulatory Referencer