Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: VAT Audit :: TDS :: VAT RATES :: cpt
 
 
News Headlines »
 What to do if you get an income tax notice after demonetisation
 SBI calls for raising income tax exemption limits
 Did you know? The tax exemption on your HRA
 Income Tax Department expands list of deposits, transactions under scrutiny
  Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
 Master Directions on Access Criteria for Payment Systems
 RBI-Scheduled Bank's Statement of Position in India as on Friday, January 06, 2017 (Revised)
 3 Big Mistakes To Avoid This Tax Season
 The Top 5 Tax Stories Of 2017
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA

Price Waterhouse seeks consent order from Sebi in Satyam scam
October, 24th 2009

Auditing firm Price Waterhouse has decided to seek consent order from market regulator SEBI in the cases related to the Rs 10,000-crore accounting fraud at Satyam Computer Services.

A consent order refers to settling administrative or civil proceedings between the regulator and a party who may prima facie be found to have violated laws, as per SEBI.

"Price Waterhouse...has decided to pursue consent proceedings in relation to the Securities and Exchange Board of India's (SEBI) proceedings relating to the audit of Satyam Computer Services Limited," the auditing firm said in a statement today.

The firm, whose partners were involved in auditing the accounts of Satyam, also said the decision to go in for consent proceedings "is not in any way an acknowledgement by PW that there was any wrongdoing by PW (Price Waterhouse) in relation to the audit of Satyam.

"Rather than engage in potentially long drawn out legal proceedings with SEBI, PW feels that it would be better for all parties to explore, without prejudice, the settlement of proceedings initiated by SEBI," the statement added.

The disciplinary committee of the ICAI, which probed the scam, had found four auditors from Price Waterhouse -- S Gopalakrishnan, Srinivas Talluri, P Shiva Prasad and C H Ravindranath -- prima facie guilty of professional misconduct.

Besides several agencies, including SFIO, ICAI and CBI, the scam was also probed by Sebi which had issued a showcause notice to PW.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions