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First page of Avarice's art

Fair Fortune smiles, with ledgers deftly writ [1, 2],

Can hide a truth where hidden profits dwell.

False figures dance within a twisted wit,

To cheat the fisc [3], a tempting, cunning spell.

Some seek a path where laws are but a haze,

In phantom isles, where taxes cast no shade.

Trusts and schemes conceive labyrinthine maze

They scorn honest gains, a futile game they braid

Debt’s crushing weight, a tool to blind and steal,

A deceptive shield, a fraudulent disguise.

Let virtue's flame ignite a hopeful zeal,

And truth prevail, where honesty will rise.

Wealth may tempt with shadows dark and deep,

Though true honor lies in the honesty we keep [4].

Dr Vimal Bhatt, an alumnus of IIM Ahmedabad, is an Associate Professor of Marketing at Symbiosis Institute of Business Management, Pune. He has a total academic experience of more than 19 years. He has several research papers to his credit covering qualitative as well as quantitative methodologies, including articles on microfinance. Additionally, he also brings vast experience in successfully completing funded projects on time.

Dr Kuldeep Singh is a scholar in the field of microfinance and governance, currently working as an Assistant Professor at Symbiosis Institute of Business Management, Pune. Coming from an economically weak family background, Kuldeep understands poverty and its illness very well. Therefore, he chooses microfinance as his research area to continue his fight against world poverty. In addition, Kuldeep comes from the technology industry (12 years) and is hands-on in technology and project management (PMP®).

1.

This sonnet conforms to the cadenced structure of a sonnet, comprising 14 lines and adhering to a specific rhythmic and rhyming pattern. It follows the structure of a Shakespearean sonnet, which consists of three quatrains (four-line stanzas) followed by a concluding rhymed couplet (two-line stanza).

2.

The sonnet adheres to the traditional form of iambic pentameter, a poetic meter characterized by five pairs of unstressed and stressed syllables per line. This rhythmic pattern contributes to the sonnet's formal elegance and musicality.

3.

The term “fisc” originates from Latin, where it referred to a basket or bag used for storing money. Over time, its meaning evolved to refer to the public treasury or the financial resources of a state. In the context of the sonnet, this term encapsulates the financial system responsible for collecting and managing public revenue, including taxes.

4.

While the cursory reading of this sonnet may suggest a critical or condemnatory stance towards accounting practices, the intent is not to censure but rather to instigate a shift in the perspective. The sonnet aims to provoke contemplation and inspire a course correction by underscoring the necessity of aligning accounting practices with ethical principles. By exposing the chasm between professed integrity and actual conduct, it advocates for a transformation in the industry. This poetic critique serves as a catalyst for fostering a more responsible and accountable accounting environment.

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