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
« Top Headlines »
 Income-tax Deduction from salaries during the Financial Year 2019-20 under section 192 of the Income-tax Act, 1961
 Know your tax exemptions to invest wisely
 What happens when you file the wrong ITR form
 Tax-saving guide for FY 2019-20
 Filing ITR for AY 2020-21? Here're the changes you need to know
 NRIs can’t use ITR-1 to file tax returns
 CBDT notifies ITR-1 and ITR-4 for Assessment year 2020-21
 New ITR-1 form: Know the eligibility norms
 How the income tax department will track high spenders with new ITR forms
 Best ELSS or tax saving mutual funds to invest in 2020
 Top 5 tax saving tips to help you save more tax in 2020

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
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting