News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax | PPE Safety Kit SITRA Approved | PPE Safety Kit
Top Headlines »
 Last date for filing income tax return is September 30 - things you should know ITR filing AY 2019-20
 What you need to keep in mind Sept 30 is last date for filing AY 2019-20 ITR
 How to check validity of Form 16? ITR filing
  Notification No. 74/2020 CENTRAL BOARD OF DIRECT TAXES
  Do you need professional help in filing ITR? Here's how much it will cost you
 Extend annual GST annual return filing deadline by 3 months: ICAI
 Notification No. 73/2020 Central Board of Direct Taxes
  Get it corrected before ITR filing Error in Form 26AS?
 Notification No. 72/2020 Central Board of Direct Taxes
  Here are the consequences Late filing of Income Tax Return (ITR)
 How much income tax should I pay on money received on death of my father?

KPMG won't do auditing for Satyam
January, 16th 2009

KPMG on Thursday said it will not do any auditing work for Satyam, hours after ICAI cried foul over appointment of the company by new
board of Satyam.

ICAI president Ved Jain reacted angrily to reports over appointment of KPMG to look into accounts of Satyam. "KPMG is not registered with us and cannot practice in India," Jain said. Quoting absence of any reciprocal arrangement, he said as Indian auditing firms are not recognised to take up work abroad, India also does not give recognition to foreign firms for doing auditing work in the country. But Deloitte was registered and thus free to do auditing, Jain added.

However, KPMG officials said they would not be doing any auditing work for Satyam. "Ours is more of an advisory role in putting the financials together," a senior company official told ToI.

Home | About Us | Terms and Conditions | Contact Us | PPE Kit SITRA Approved | PPE Safety Kit
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting