Hello Everyone, here we are going to discuss a very controversial topic. I will try to be unbiased as I was an article of one of the Big4s. First of all, I have huge respect for them. They are one of the biggest employer and recruiters of Chartered Accountants, employing nearly 1,60,000 CAs. They are trend setters in quality & methodology of work. They are known for their professionalism, but some disturbing facts about them cannot be ignored.

Concentration of work & power By Big4s Worldwide

Recent Study shows that Big4s have captured 80% to 90% of audit revenue worldwide. Whereas in Asia pacific region the revenue of big fours was 21.49 billion US $ in 2017. The European Union want to break up this oligopoly of big4s. As they are getting bigger and powerful, they have access to loads on information, they are in dominating position. This is anti-competitive. In India they have acquired many midsized firms again to become bigger and powerful.  Many Central Council Members are from Big4s and some are indirectly supported by big4s. No wonder you don’t see any action against them from ICAI even after Sataym & GTB scams.


Are they Legal, is big debate?

Foreign firms and professionals cannot directly practice in India as per CA Act and give Audit Services. As Indian firms cannot directly function in foreign countries they cannot function in India as per Sec 29 of CA Act. Audit constitutes more than 50% of there total revenue worldwide.


So, they took help of Indian Chartered Accountants, created firms with all Indian CAs as partners. Like EY created SR Batliboi & Co, KPMG created BSR & Co further Big4s are on acquisition spree. PWC acquired Dala & Shah and so on. Now these Indian firms have their offices with foreign brands, they work closely with corresponding consulting companies, they cross sell services to clients, they share systems & software’s with them. They are virtually integrated with them. They pump money in these Indian firms. PWC Netherland gave 41 crores as interest free loan to PWC Kolkata partners who in turn, introduced it as capital and then acquired Dalal & Shah. PWC has given around 240 crores to Indian affiliate firms. PWC has indemnity insurance policy of 280 crores which is collectively used by all sister firms which again shows. They are virtually one only legally different. If they are doing so much they must be getting something in return in the form of charges for these services. So basically, they have full control of these Indian firms and in short, they are indirectly practicing in India. It is clearly killing of spirit of law created. They are violating Sec 25 CAs creating corporates for accountancy services, Sec 29 doing practice in India when we cannot do it in US or UK. Advertisement Clause / Sharing of Fees Clause. Open many websites and you will find ads from Big4s.


Impact of Indian CA Firms

Indian CA firms are muscled out with financial and tactical powers of Big4s. It is killing entrepreneurship of Indian CAs. Reducing their revenue and profits, these profits go to Big4s and to their foreign headquarters. They are not entertained for big assignments, even many government contracts are bagged by them.

Some Indian CAs are fighting against these powers through legal and other modes. But it will need a lot to bring a change. Reliance Industries always employs Indian firms as joint auditors. Modiji said we want our Indian firms as big4s.

It affects India as nation also, all crucial information about companies, economy is indirectly available to foreign controllers.

Video on above article


Legal Proceeding and Judgements:

Please refer the below link for Supreme Court latest Judgement on the issue discussed above:


Further Detailed discussion:

The above issue regarding MAF’s V/s ICAF’s and decision of the Supreme Court has required a detailed study of every aspect of allegation and violation.

For detailed study Please refer the link:



You read the question paper. You smiled because you knew the answer. You were very confident that I know the answers and you would be scoring good marks. Exams are over, and you await the results. After the results are announced you are shocked because you did not score that you expected. It is so because you made few silly mistakes. For e.g. Instead of writing SA 510 you wrote SA 501. Your answer is right, but you quoted a wrong SA number. So, it’s possible that you might lose marks.

Watch Video – https://youtu.be/zuBzcMBrjfI

So in this article I am sharing with you few tips to help you avoid these kinds of Silly Mistakes.

1. Speak while you read and write
Try to speak while you read the question paper and also while you write the answers. This does not mean you do it loudly and disturb others. You should speak without making any noise. Speaking will help you to interpret the questions in a better way. Also, if you speak while writing there are less chances of making any silly mistake. You will write what you speak.

2. Use your Thumb
Try to keep your thumb just above the line in which you are writing. This way you will avoid silly mistakes as your concentration will be completely on what you are writing.

3. Jot down important points
It must have happened with many of you that when you read questions, many things come flashing in your mind. Like in this answer I have to write so and so point, this one’s important, this SA needs to be quoted etc etc. But when you actually start writing you remember very few of these.
First of all underline all the important words in the question. So that you know what all needs to be covered in the answer. Then jot down all those points that are flashing in your memory with a pencil on your answer sheet. Write down all those points so that you don’t miss any of them.

4. Last line
Read the last line of the question very attentively. Sometimes the questions are big and in hurry we don’t read it carefully and misinterpret the question. Majority of the times the last line of the question has all things. It tells you very clearly what is expected in the answer. For example, wherever there is mention of Private Co. please underline it. Also whoever you find words like no, incorrect or negative words are written be extra careful.

5. Small sentences
Try to frame small sentences. It happens many times that when you write big sentences, by the time you finish them it does not mean what you intended. They mean completely different. So try to write small sentences so that everything that you want to write is properly explained.

6. Take proper sleep
It is very important that your brain is cool and calm before your exams. So please take proper sleep of 7-8 hours before your exam. Also stop studying 2 hours before your exam. Try to relax and do masti and enjoy your time. This will rejuvenate your brain and take the burden of exams of it. This way you will have better concentration during exams


How to complete 100% AUDIT paper in 3 hours??

Every day I get lot of messages from students asking for tips to complete 100%paper in 3 hours. So I have tried to list down certain tips which should be beneficial for all the students. These small tips will help you perform better in your exam.

Watch Video – https://youtu.be/KZkfXUBvPgg



  1. 60-40 Rule

First of all, try to understand that, writing 100% paper with 100% quality is not possible. It is a myth that you can complete full paper and do justice to all questions equally. So now what do we do?

Divide your paper in 60-40. First 60 marks you should write very nicely. You should write in depth answers of the same. Answers should be written in such a way that the examiner is impressed by them. It should cover all the important and necessary points. These answers should be perfect in every possible manner.

But you will attempt these 60 marks in first 2 hours i.e. 120 minutes. That means you will have 2 minutes for every 1 mark. For example if you have are solving 5 marks question, then you have 10 minutes to solve it or if you have 6 marks question you have 12 minutes. So these 60 marks should be attempted in the best possible way. So if you score 80% in these 60 marks it will be 48 marks, which is a fair score. Even if you score 75% that comes to 45 marks.

You will solve remaining 40 marks in 1 hour that means 1.5 minute for every mark. If you take 45-50 minutes it will be very beneficial. This way even if you score 1 mark in every question totaling to 10-15 marks from these 40 marks. It will be a good attempt. This way you will be able to attempt 100% paper.


  1. Last Page Rule

As soon as you get the answer sheet, go to the last page. Here write down all SA numbers, CARO clause numbers, tax audit clause numbers, professional ethics clause numbers. If you are from IPCC then write down companies act sections. Write down everything that is difficult to remember. Otherwise what happens when you start writing the paper you just become blank. You think I just knew the clause number but right now I am not able to remember it. You get confused and tend to write wrong clause numbers. Writing them down on last page will help you write correct numbers and clear your confusions whenever needed.


  1. Used Pen Rule

You should try to use a pen you have already used earlier. Do not try a new pen. Used pen is smoother and you are used to writing with it. So your speed will be faster with that pen. Actually I have even seen many students and even toppers use those 2-3 rs pens. These pens I suppose are very lighter and they glide faster. So it gives good speed toy your writing.


  1. Use of Writing Pad

This is an unusual tip. But if it helps then its good. I have heard someone giving this tip so thought of sharing with you.

Try to keep 2-3 pages between the page you are writing on and your writing pad. You answer sheet is of 30-32 pages. So when you keep such a big bunch of papers underneath it becomes very soft and this may reduce your speed of writing. So keeping just 2-3 pages would help you to improve your speed and save time.


  1. Avoid Distractions

Please try to avoid any kind of distractions whatsoever. Forget everything and anything around you. Because you are in a deep thought when you are writing your paper. So when you get distracted it takes a lot of time to again concentrate and come back to the place from where you got distracted.


  1. Solve easy ones first

One of the popular tips. Please solve the easy questions first. But do not spend lot of time on them Keep in mind that you have 2 minutes for every mark. You cannot be spending more time on these easy ones.


  1. Difficult questions

It generally happens with students that they give too much time to some difficult questions which disrupts their flow of writing the paper. So please be very cautious and careful while spending time on the difficult questions. Please follow or 60-40 rule while giving time to the questions.


I hope these tips help you to achieve greater milestones. Best of Luck.