ࡱ> [/(   "dwww.insure.com,http://www.insure.com/"4www.ca-actioncommittee.orgDhttp://www.ca-actioncommittee.org/`/ 0DTimes New RomanllHxׯ0DMonotype CorsivalHxׯ0 B@ .  @n?" dd@  @@``_xlaser.wav.WAV 10104.RIFF%WAVEfmt ++datat]iti]tittttttititttitittitti]it]ii]ttitttti]ii]tiitittttttiii]]titttiitt]iiQt]itt]ittititQtittt]iF]]]ii]:tFtiii]ititti]Q:FtQiitFQ:QitiFQtitQ://]iQiQFFQiQQ]]]FtiQ]ttFiF]i:::iF#]tiFFQQ#Qi]]]/tt#F]iF]i//ƺ/FQtFt:Q:]]tQtQ/::]i]t]]i:Qi]]]FiFQ]/::#F:/:::F:#FƗ:t#:#FFFƺ/#/#]р#iݺQFQ#QQ/FѯFFi:#/Q:tFFi:tї///#ї####ݯ:#ii/QF#i:ѣQ/]i/:# QQ :ѣFFݯQ#]]#:ݗF/i]/ݗ/ :t/:t/QƯ]/ݯtFFt]FFi]F]ii]ttQQti/#QїQ/:tѺ]QtƣtF/Fƣi:#FƌF#]ݺt:#/iƗ]//Qѯi/#:i]F:QiiQQitQ:Ftѣi:#/iѯQ/:]ѯQ//]ݺF:tƺi:#/QƯQ##:iѺQ/#FݺQ//:iiQQiiQQi]::QtѯF #QƗi:#/Qti:##:iƺtQ//FiѯQ/#/FtѺi:##FiѯQ/##:iѺi:##/QƣtF##FtƣtF//:]ƣQ##:iѺQ/##:QƯiF::F]tƺtQ::F]ƺiQFFQi]://:Qi]QF:FQitQF:/:QiƺiQF::Q]ƺt]QF:FQit]QQQ]ittiQFFFQ]ƺiF://:QiƺiQ:/#/F]tƺiQ/##:QiƯt]F:::Q]tƺtQ:/##:F]iƺtQ:###/F]tƯiQ:///F]iƺtiQF:::Q]tƺt]F/###/:QiƺiQF:///:QiƺiQ:////FQiƺi]F:://:Q]tƺt]Q:///:Q]iƺt]Q:////:F]iƺtiQF:///::F]it]QF:::FFQ]itt]QFF:FFQ]iti]QFF::FFQ]iti]Q::://:FQQ]tti]FF://::FQ]tƺti]QFF::::FQ]itƺti]QF:::FFQQ]iti]QFF:::FFQQ]itti]QFF::: p!-  ] CJ6'%%%%*!! 0e0e A@A5%8c8c     ?1d0u0@Ty2 NP'p<'p@A)BCD|E?@ʚ;ʚ;g4IdId ׯ0Vppp@ <4!d!d8vS0l$x<4dddd8vS0l$x <4BdBd8T0l80___PPT10 ? %`a The big 5 4 Accounting firms True but amazing facts about them, not known to many, perhaps you!.b`8 <6+  0Known as the big 4 Accounting firms, they are : 1(  qKPMG Pricewaterhouse Coopers Delloite Ernst & Young (Arthur Anderson which made it the big 5 is now in archives) 4>r.!*  Of course they set the global standards for transparency in business. But who is their owner ? Shhhhh& & . It is well-guarded secret. b0  #     Even though present in over 120 countries, for obvious reasons each one of them is head quartered in a Tax Haven. If you enquire any details about these firms in a tax haven like Panama, you may end up spending the next 2 years in jail. Understand how secret the ownership is!*t{ +  3  =   5  They have paid billions of dollars as fines in the US alone to the SEC. In UK they are being subject to investigations under the Fair Trade Practices Act. They are the subject of cartoons in the Western press and lampooned by the media  Their credentials include * * Please refer to our White Paper on the Big 4 Accounting Firms for complete details. This will be released shortly," r(  z In case of PWCIn case of KPMGIn case of E&YIn case of Delloite  * They have been found to be innovative in ++* 0 Booking bogus sales Capitalising revenue expenses Insider trading & related unethical practices Not accounting Sales Returns Inadequate disclosure of off-Balance sheet items Assisting the management in asset stripping Failing to record liabilities or suppress liabilities Well, the list on their accounting  innovation could go on& That is if you do not reckon shredding of documents as an expert service :07  ++  It is these  credible professional outfits that are in India, advising the Govt of India on:^^(1 -Speed and directions of Reforms Advisor to the planning commission Providing expertise to the Disinvestment process Privatisation & Globalisation Policies for inviting FDI Z"So, if you want to innovate your accounts hire these  experts , They would do a good job for you and of course make a fortune in the bargain. 0 u  If you are corporate manager, you may have personally felt bombarded, sullied, trampled over, bullied and even decried at your own office by representatives of the big 4. Simply because they are from the big 4. $) MRemember, they charge you and you pay even for the time spent on abusing you!8N00(  (d If you are a decision maker you might have noticed subtle hints to influence your decisions. Hiring the kith and kin of the decision makers is one of their tried and trusted methods They are experts in the art of making friends and  influencing people. They are too good at Dollar Diplomacy! *3$-$ OTheir ownership is unknown, their competency is suspect & their advice bogus. PP{Then, why do the financial institutions, banks and the corporates in India keep them as auditors, advisors or consultants? ||0 H '  hWhy are they allowed to operate in India, and hired and respected by the Government of India? WHY? id`< # 0   Simply because YOU are not aware about these firms and therefore you are silent. Now that you know, will you do something? Will you forward this mail to everybody you know? Create public awareness. D`03  2 D +Save yourself & the nation from the Big 4!  ,** Prepared in Public Interest by The Chartered Accountants Action Committee, Chennai IV floor, Rosy Towers 8, Nungambakkam High Road Chennai 600034 Phone- 044-28272201 Visit us at: www.ca-actioncommittee.org 45|"0 0` ` ̙33` 333MMM` ff3333f` f` f` 3>?" dd@,|?" dd@   " @ ` n?" dd@   @@``PR    @ ` ` p>> f(    6Hԓ P  T Click to edit Master title style! !  04ד   RClick to edit Master text styles Second level Third level Fourth level Fifth level!     S  0ޓ ``  >*  0 `   @*  0P `   @*H  0޽h ? Default Design0  D(  r  S  0p   r  S p 0   B   `D>??p@ B   `D>??p H  0޽h ? ̙330 0*(  x  c $P  r  S H0`   H  0޽h ? ̙33B0 @(    c $ p<$D 0    S   <$D 0  H  0޽h ? ̙33j 0 P (   r  S d@`@  @ H  0޽h ? ̙33j 0 `$(  $r $ S I@`   @ H $ 0޽h ? ̙33 0 p\$(  \r \ S (k@P@  @ r \ S l@ @ H \ 0޽h ?  0 $\`(  `r ` S y@  @ g|  `[ \` #"."PPPPP` [ 6` Z ??p [ KWSJ @` 4` Z@ ?? p [ u 2.5 Mn USD    @` 2` Zt@ ?? p [ 7Accused of compromising on independence in 70 Companies88 @` /` Z@ ?? p  JET @` -` ZР@ ?? p  u 21.5 Mn USD   @` +` Z,@ ??  p  hAnicom @` (` Z@ ??  PANP Ltd.   @` &` Zȼ@ ??   Q Undecided   @` $` Z@ ??   LBCCI @` !` Z@ ?? PANP Ltd.   @` ` Zp@ ??  t 1.2 Mn GBP   @` ` Z@ ??   VRobert Maxwell @` ` Z@ ??0 Vwww.insure.com @` ` Z,@ ?? 0 t 100 Mn USD   @` ` Z@ ?? 0  ZHome State Holding @`  ` Zm ??0 P US News   @` ` Zm ?? 0 s 55 Mn USD   @` ` ZDm ??  0 VMicro Strategy @` ` ZT"m ??` NSource @` ` Z4+m ?? ` R Fine Paid    @` ` Z4m ?? `  OClients @`B  ` Zo ?? ``B  ` T1 ?? B  ` Zo ?? [[B  ` Zo ?? ` [B ` T1 ?? ` [B ` T1 ??`[B ` Zo ??`[B ` T1 ?? 00B ` T1 ?? B %` T1 ?? B ,` T1 ??   B 3` T1 ?? p p H ` 0޽h ? { 0 +#$Bd(  dr d S @m  m  | ` Bd #"."x` =d ZMm ??@ ` TAccounting Web @` ;d ZSm ?? @ O Undecided   @` 9d Zh ??  ZJinzhou Port company @` 4d Zem ??@+ `  TAccounting Web @` 2d ZNm ??+ @  q 75 Mn USD   @` 0d Z|ym ??+   S Oxford Health @` ,d Zȁm ??@g `+  TAccounting Web @` *d Z؋m ??g @+  r 125 Mn USD   @` (d Zm ??g +  NRite Aid   @` d Z\m ??@`g  www.insure.com0 @` d Z|m ??@g  r 9.9 Mn USD   @` d Zԩm ??g  P Pie Mutual   @` d Zm ??@`x NSource @` d Zm ??@x R Fine Paid    @` d Zm ??x OClients @`  d Z8m ??@` R Reuters, SEC   @` d Zm ??@ O Undecided   @` d Zm ?? KXerox @` d Zm ??@x` NBBC News   @` d Zm ??x@ Q 275,000 GBP   @` d Zo ??x R Power screen   @`B  d Zo ??`B  d T1 ??`B  d Zo ??`B  d Zo ??B d T1 ??B d T1 ??@@B d Zo ??``B d T1 ??x`xB d T1 ??`B )d T1 ??g `g B 1d T1 ??+ `+ B :d T1 ?? ` H d 0޽h ? I  0 ()(  x  c $Oo  o  ``  ) #"2&PP[``   ZYo ??@`  PNY Times   @`  Z$To ?? @  Q Undecided   @`  Ztio ??@   qPeoplesoft Case  @`  Zco ?? `@ VAccounting Web @`  Z{o ??  @ t 2.2 Bn USD   @`    Zo ?? @ {Bank of Cantonale  @`   Zh~o ??e `  KSEC @`   Z8o ?? e   S 400,000 USD   @`   Zo ??e   OBAAN CO @`   Z`o ?? `e  PLA Times   @`  Zo ??  e  t 400 Mn USD   @`  Z o ?? e  WSavings & Loans @`  Z(o ??`  h Washington post & Accounting Web!! @`  Zo ??   Q Undecided   @`  Zo ??   WAOL Time Warner @`  Zo ??`` NSource @`  Zo ?? ` R Fine Paid    @`  Zo ??`  OClients @`  Zo ??` sAccountanyage.com @`  Zq ??  t 548 Mn USD   @`  Zq ??  LFDIC @`  Zq ??` Q AP & NYLJ   @`  Z#q ??  t 335 Mn USD   @`  Zl,q ??  OCendant @`B  Zo ??```B  T1 ??`B  Zo ?? ` B  Zo ??` B   T1 ?? `  B ! T1 ??` B " Zo ??``` B # T1 ??`B $ T1 ??`B % T1 ?? ` B & T1 ??e `e B ' T1 ?? ` B ( T1 ??@`@H  0޽h ?  0  2(  x  c $0qP  q z~ `I # #"*`I  ZdHq ??p `I UAccounting web  @`  Z?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcefghijklmnopqstuvwxy_USERUSERadhusudanRoot EntrydO)pNT@Current User)SummaryInformation(dlPowerPoint Document(  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcefghijklmnopqstuvwxy_AKRAKRRadhusudanRoot EntrydO)Current UserzSummaryInformation(dlPowerPoint Document(DocumentSummaryInformation8r