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Published by , 2017-10-07 04:26:43

Issue 7 September

Issue 7 September

Theme: Dussehra exclusive

Conclusions

The RAINMAKER

The Rainmaker
- Sirius Black

The Rainmaker

Operation Pooja!

A mammoth project was taken up by for a high
profile NRI client who suspected crores of his money
invested in real estate was had been siphoned off in
India. A level one assignment was executed by 3
branches of MCA during the earlier months of this
year. Impressed with the work & visualization tools
used, the client approached us again for a level two
analysis of funds flow and to accumulate evidences
to show mismanagement occurred in India for an
onward submission to lawyers.
The primary task was to set a platform for analysis
by segregating huge data, mails and reports on
numerous companies which were over a decade
time line. The test thereafter was to have a precise
understanding of the status of companies and to
identify if there is any trail of funds mismanaged. To
identify any evidence without access to books of
accounts or without approaching suspect, directors
or any employees was a real challenge. We had to
perform our studies only based on publicly available
information which were also incomplete. It was a
massive task to accomplish within the thin time slot
provided to us. However, when the data was
streamlined & represented in various charts, the
team observed a fair pattern of trail of funds which
allowed us to take a stand and draw conclusion on
the project. With a well-coordinated team work and
able guidance of Smita mam, we could accomplish
the assignment in time.

The Rainmaker

Namma Metro Namma Audit - BMRCL
STATUTORY AUDIT

We were appointed us as Statutory Auditors by C&AG the
Supreme Audit Institution in India of the prestigious
government company, BANGALORE METRO RAIL
CORPORATION LIMITED (BMRCL). We have successfully
completed 3 years of continuous audit by this Financial
Year of 2016-17. The experience of a government audit is
entirely a different audit from the regular audit especially
during the last year Audit due to first time applicability of
the Ind AS. The proprietory element is the key function of
this Audit. Answering the queries raised by CAG after our
audit is a great learning experience and when our
observations synced with that of CAG, it was surely the
best reward for the impeccable efforts of the team. Many
thanks to Tarun.M, Amrutha.S, Dinesh.K, Nikhil
Mukesh.KA, Bhavana.G and Srikanth.N who have shown
great performance on this Assignment and Special thanks
to Ashok Sir for his guidance and support all through the
assignment. We look forward to have more upcoming
challenging engagements.

– Mahesh Babu

The Rainmaker

Knowledge Tid-bits

The Rainmaker

SKILL TO WORK ON FOR THE MONTH -
REPORT WRITING

“Good Writing consists of trying to use ordinary words to
achieve extraordinary results.”

For report writing, the pressure is on to
communicate a clear and concise
message with consideration for the
reader in mind. When you are writing a
report, you want to enhance not only
your image but the organisation’s
image as well. Although it seems unfair,
but most times the readers will equate
weaknesses in your letters with
weaknesses in you or your
organisation.

CONTENTS OF GOOD REPORT
Executive Summary

Main Contents

Conclusions
& Recommendations

Limitations &
DIsclaimer

The Rainmaker

Best of NAMMA MCA

By: Dinesh Dated: 27th September, 2017

This time the topic for the month was decided as
Cash Transactions. Most of Namma MCA shared
brought out overview of the relevant sections
and provisions as per the Income Tax Act. On the
other hand, article shared by Dinesh, clearly
brought into light a broader picture of
challenges of moving towards a cash less
economy where cash is the king. The article
clearly pointed out the dependency of our
country on cash and how rushing into a cashless
economy without proper planning and
infrastructure could be disastrous. With a 360
degree thought of going beyond the provisions
and sections, and explanation of the practical
challenges in transition, it is picked as the best of
Namma MCA.

To view the entire content visit:
\\192.168.2.200\General folder\Namma MCA

The Rainmaker

- Aristotle

The Rainmaker

“The world will not be destroyed by those who do evil, but by
those who watch them without doing anything”

- Albert Einstein

Lead CAST
Chief Editor – Smita Ramakrishna

CHIEF Designer – Manoj HR
Content Editor – Nisha Raman & Bhavana G

The RAINMAKER


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