Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: form 3cd :: list of goods taxed at 4% :: empanelment :: ACCOUNTING STANDARDS :: cpt :: VAT Audit :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: Central Excise rule to resale the machines to a new company
 
 
« ICAI »
 Pre-Budget Memorandum - 2018 Direct Taxes And International Tax
 ICAI submits Pre-Budget Memoranda-2018
 Four Weeks Residential Programme to be held from 29th January, 2018 to 25th February, 2018 at Centre of Excellence, Hyderabad for Women Participants only.
 Group for Refurbishing of ICAI Main & Annexe Buildings
 CPE Events 4th December - 9th December 2017
 President's Message - December 2017
 Draft Bank Branch Auditors’ Panel for the year 2017-18.
 CPE Events 27th November - 2nd December 2017
 Digital Accounting and Assurance Board of ICAI Online Survey 2017 is Now Open- Seeking Member's Input
 Zone-shifting of candidates of Common Proficiency Test (CPT) Scheduled to be held on 17th December, 2017 (Sunday)
 Application Form for the Information Systems Audit (ISA) Assessment Test - December, 2017 [Last Date - 6th December, 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