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: VAT Audit :: list of goods taxed at 4% :: cpt :: due date for vat payment :: TDS :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT RATES :: Central Excise rule to resale the machines to a new company
 
 
« ICAI »
 ICAI - PIOB Joint Stakeholders’ Conclave on the theme “Global Audit Oversight: Reconciling Perception Gap” on 9th February 2017, New Delhi
 May 2017 CA Examinations
 Exposure Draft of Recognition of Deferred Tax Assets for Unrealised Losses (Amendments in Ind AS 12, Income taxes) (January 2017).
 Formatin of Group to suggest norms for making Cooptions in non-standing Committees
 Constiuttion of a Group for creation of Ombudsman and formulating Whistle Blower Policy
 Result Notification Final - Nov 2016
 Result of the Information Systems Audit [ISA] Assessment Test held on 24th December 2016 declared.
 Result Notification - CPT December 2016
  Result of the Chartered Accountants Final Examination held in November 2016 and Common Proficiency Test (CPT) held in December 2016 declared.
 Annual Improvements to IFRS® Standards 2015–2017 Cycle
  Result of the Chartered Accountants Final Examination held in November 2016 and Common Proficiency Test (CPT) held in December 2016 are likely to be declared on Tuesday, the 17th January 2017.

ICAI will object even if KPMG's audit arm works for Satyam
January, 17th 2009

The Institute of Chartered Accountants of India (ICAI), which regulates the profession of chartered accountants in the country, today said it would raise objections even if KPMGs Indian audit arm BSR and Associates was engaged to do audit work by the scam-hit Satyam Computer Services Ltd.

KPMG, one of the big four audit firms in the world, was asked by the government-appointed board of Satyam to restate the accounts after B Ramalinga Raju, the companys founder, admitted to inflating the profits.

Top officials of the institute said BSR and Associates cannot undertake audit work using the name of KPMG as the foreign firm is not registered with ICAI.

ICAI had written a letter to the Satyam board communicating its stand. We have written to the Satyam board that KPMG cannot be appointed as an auditor for Satyam as it is not our member, ICAI President Ved Jain told the media here. He added that the Satyam board now had six members, one of them being a chartered accountant. They would consider the issue at their meeting tomorrow, he added.

Even if KPMG was doing a re-statement of financial accounts, Jain said, this was an assurance service, which involved accounting and auditing.

Reacting to the ICAI statement, a KPMG spokesperson said, We are working with the new Satyam board. The scope of work and terms of its reference are being discussed... It is our understanding that the scope of work to be finalised is not reserved for chartered accountants registered with ICAI.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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