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 VAT and GST in India :: due date for vat payment :: cpt :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: VAT Audit :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS
 
 
« ICAI »
 Important Clarification on Amendment to Paragraph 17 of Revised Guidance Note on Audit of Consolidated Financial Statements
 Application Form for the Information Systems Audit (ISA) Assessment Test - June, 2017
 Formation of a Group for Reviewing the Decision Regarding Noting of Change in Constitution on Account of Leaving of Partner of Firm and Allied Issues.
  Three Days Intensive Class Room Training for IBBI - Limited Insolvency Examinations in two batches at Chennai. Batch-1: 2nd to 4th June, 2017; Batch 2-23rd to 25th June, 2017
 Announcement on Advertising by members in practice engaged in Coaching/Teaching Activities
 Constitution of Group related to all issues of Bank Audit including reduction in SCAs Cooling Period, distribution of Bank Branch Audit
 Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 9
 Announcement - For the attention of candidates appearing in CA exams at exam centres in Tamil Nadu.
 CPE Events 15th May - 20th May 2017
 Information System Audit - Assessment Test (ISA - AT) New Syllabus, June 2017
 Next batch of the Certificate Course on Cooperatives at Mumbai from 27th May, 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