In the RTI
Application dated 27.10.2015 to ICAI, following docs were asked-
1. DULY CERTIFIED COPIES
OF COMPLETE LEDGER ACCOUNTS OF ‘SEMINAR AND MEETING EXPENSES’ FROM THE
ACCOUNTS BOOKS OF JALANDHAR BRANCH OF NIRC OF ICAI, AS APPEARING IN THE
RESPECTIVE INCOME & EXPENDITURE ACCOUNTS OF THE SAID BRANCH, FOR THE
FINANCIAL YEARS 2009-10, 2010-11, 2011-12, 2012-13, 2013-14 AND 2014-15
WITH COMPLETE NARRATION AGAINST EACH ENTRY, DULY TALLIED WITH THE FIGURES OF
AUDITED FINANCIAL STATEMENTS OF JALANDHAR BRANCH OF NIRC OF ICAI FOR THE
RESPECTIVE FINANCIAL YEARS.
2. DULY CERTIFIED COPIES
OF ALL HOTEL/VENUE BILLS DEBITED IN THE
ABOVE LEDGER ACCOUNTS OF ‘SEMINAR AND MEETING EXPENSES’ AS APPEARING IN
THE INCOME & EXPENDITURE ACCOUNTS OF JALANDHAR BRANCH OF NIRC OF
ICAI FOR THE FINANCIAL YEARS 2009-10, 2010-11, 2011-12, 2012-13, 2013-14 AND
2014-15.
RTI reply (fractional) from ICAI received on 01.12.2015 reveals certain
astonishing facts about the working and (mis)management of affairs of Jalandhar
branch.
Copies of ledger accounts of FY 13-14 and FY 14-15 have been
supplied and copies of hotel bills have been told as ‘under collection from
Jalandhar branch’ relating to these two years only.
Further, CPIO, ICAI has informed that LEDGER ACCOUNTS OF EARLIER YEARS (FY 2009-10, 2010-11, 2011-12 AND
2012-13) ARE ‘NOT TRACEABLE AS THE BRANCH HAS SHIFTED PREMISES’. THE SAME REPLY
HAS BEEN GIVEN WITH REGARD TO COPIES OF HOTEL BILLS FOR FY 2009-10, 2010-11,
2011-12 AND 2012-13.
Getting this reply as a
CA from parent ACCOUNTING REGULATOR OF INDIA, is certainly a reason of ‘giggle’
as well as ‘pity’.
Three situations can be
imagined at the micro level-
* It these books of accounts ever existed? If No, even God can’t save this
profession.
* If the books of accounts (of course, computerized with backups) and ‘physical
bills/vouchers’ are really misplaced, can there be a worse case of
MISMANAGEMENT THAN THIS?
* If this is just a story, the things tried to be hidden certainly involve
the MONEY MATTERS, which can be very well guessed by all CAs.
AND ON THE LARGER CANVAS, THE PUBLISHED ACCOUNTS OF ICAI ARE NOT BACKED
BY BOOKS OF ACCOUNTS, WHAT TO TALK OF ‘PROPER BOOKS OF ACCOUNTS’ (TRUE &
FAIR VIEW), BRANCH ACCOUNTS BEING INTEGRAL PART OF ICAI BALANCE SHEET.
CA. I. S. ARORA