kathmandu – Successfully completed second episode of Beyond the Books- Experience Unplugged with esteemed guest speaker Respected FCA Prabhu Rambhandary, one of the pioneers of Chartered Accountants in Nepal & senior partner at Joshi & Bhandary with 44 years of experience.
Here are key takeaways from today’s session
1. For a society to move ahead, educated qualified professionals need recognition and for that it is important to boost our profession .
2. Pioneering something is not always easy, comes with so many challenges but the results can be rewarding and fulfilling when you look back at it.
3. History of Establishment of ICAN, SAFA and first curriculum development.
4. To provide a quality assurance services , you first need to understand the business from basics otherwise you will get totally lost.
5. Learn to take stand where necessary even at the cost of removal and financial burden , then you will become somebody.
6. Working Papers are very important despite the limitations the law has imposed regarding the number of years we need to keep the documents safely because when the time comes nobody & no law is going to save you except your working papers. DOCUMENT EVERYTHING & KEEP THEM SAFE
7. Fake it till you make it, because its a showbiz afterall
8. In Nepal, You cannot survive solely in audit business, look for newer avenues like consulting, advisory, internalaudit, etc and it is very important you work on your Cash flow management, employee retention and giving exposure to articles.
9. Never meet your clients at hotels or Home, call them at your Office at your time and Bill them ( dont be shy)
10. Chartered Accountants update themselves more than any other professional, we need to learn to capitalize from it, Publicizing our Profession is a must
11. Learn to maintain your dignity and how much leverage you can bend but never expose yourself to high risk
12. In this profession you will have tremendous authority which brings temptation and insider trading but you need to learn to be honest in the long run. Assess Risks, Set parameters that you may need to bend along while following the code of ethics because there is also very unfair market competition prevailing
13. Audit has now become just a legal formality but impact it has on taxation matters
14. If you are not practicing good governance you might become wealthy but you might not sleep at night and worse you might sleep in jail
15. If you are trading on invisible asset, the bubble will eventually burst Be careful
प्रतिक्रिया दिनुहोस्