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The Chartered Accountant

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Smile Please<br />

<strong>The</strong> classified advertisement said, "CEO<br />

needs a one armed consultant, with a<br />

social sciences degree and five years of<br />

experience."<br />

<strong>The</strong> man who won the job asked, "I understand<br />

most of the qualifications you<br />

required, but why `one armed`?"<br />

<strong>The</strong> CEO answered, "I have had many<br />

consultants, and I am tired of hearing<br />

with each advice the phrase `on the other<br />

hand`."<br />

oUT oF THE BoX<br />

This is our new corporate offer, everytime<br />

you replace an executive, we<br />

give you a free laptop replacement!<br />

Crossword 029 - solution<br />

BACK PAGE<br />

Crossword 030<br />

ACROSS<br />

2. A process of Risk Management. (10)<br />

4. Name of ship breaking company whose claim of deduction under section<br />

80HH and 80L was allowed on ship breaking activities by the Supreme<br />

Court. (5,4)<br />

10. Name of the street named after the ICAI at the Salem Branch is ______<br />

Street. (8)<br />

11. One of the components to bring Financial Sustainability in Urban Local<br />

Bodies is Revenue ___________. (11)<br />

12. <strong>The</strong> auditor shall communicate with those charged with the governance<br />

about significant _________ encountered during the audit. (12)<br />

13. As per SA 250 Non-compliance does not include personal _________ by<br />

those charged with governance, management or employees of the entity.<br />

(10)<br />

14. One of the Certificate Courses recently started by the ICAI. (11)<br />

DOWN<br />

1. To ensure that the banks comply not only with the banking laws but with<br />

all the laws to which a banking company is exposed there is need to have<br />

a ________ Committee. (10)<br />

3. <strong>The</strong> ICAI had a tie-up with this university to allow CA students/members<br />

to pursue the BBA and MBA courses. (10)<br />

5. ASLB 3 uses the term ‘revenue’, which encompasses both revenues and<br />

gains, in place of the term ‘_________’. (6)<br />

6. One of the methods to identifying the risk is to create a Risk _____. (8)<br />

7. Name of housewife against whom penalty imposed under section 273A<br />

of the Income-tax Act, 1961 was waived by the Supreme Court. (7)<br />

8. Regarded as ‘Father of Accounting’. (4,7)<br />

9. _________ key financial ratios is one of the conditions that may cast<br />

doubt about Going Concern assumption. (7)<br />

Note: <strong>The</strong> first ten correct entries from the members will be awarded one<br />

hour CPE Credit. <strong>The</strong> entries, along with name, membership no. and contact<br />

details shall be sent by post to: <strong>The</strong> Editor, <strong>The</strong> <strong>Chartered</strong> <strong>Accountant</strong>, ICAI<br />

Bhawan, C-1, Sector 1, Noida - 201 301.<br />

THE CHARTERED ACCOUNTANT 1117 DECEMBER 2008

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