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
Latest Expert Exchange
ICAI »
  CMI &B of ICAI and PHD Chamber are organising GST Conclave on "How to prepare and file Annual Return-GSTR 9 and Divergent Issues & Resolution for Manufacturing, Service & Trading Sector"
 Half-Day Seminar on GST Annual Return, RERA Certificates & Reports and Private Trusts - 22nd September 2018
 Chartered Accountants Firms to get Registration Number in 24 Hours: ICAI
 Board of Studies, ICAI launches Live Virtual Classes for CA Intermediate and Final Students
 Apply for 12th ICAI Leaders & Business Excellence Awards being organised by Committee for Members in Industry & Business (CMI&B) before 15th December, 2018
 R.T. Industries & Ors Vs. Income Tax Settlement Commission & Anr.
 Taxation of Non-Residents - Revised (2018)
 Assessment test for Certificate Course on International taxation scheduled on Sunday 14th October, 2018 - 2.00 PM to 5.00 PM.
 Subsidised participation for ICAI members at World Congress of Accountants by Services Export Promotion Council (SEPC)
 Certificate Course on Forex and Treasury Management - Forthcoming Batch at Chennai and Noida Sec-62
 Get Firm Registration Number (FRN) within 24 Hours

Mangalore: ICAI High Level Committee to Probe Satyam Fiasco - K Raghu
January, 20th 2009

Institute of Chartered Accountants of India (ICAI) has formed a six-member high level team to go into the Satyam Computer Services fiasco that has drawn international attention, informed ICAI central committee member K Raghu.

He was speaking after inaugurating the investor awareness programme organized here under the joint aegis of  the ICAI  Southern India Regional Council Mangalore branch and Canara Chamber of Commerce and Industry on Monday January 19.

"ICAI vice president Uttam Prakash Aggarwal is heading the committee. The committee is expected to file its report within a month," he divulged. "The ICAI has already serves notices on the auditors of Satyam and also the partners of the audit firm who signed the report. ICAI will initiate further action after a report is received thereof," he explained.

"ICAI has already recommended to the government to enforce a system of joint audit for listed companies. Along with the auditors appointed by the company, an external auditor appointed by the Securities and Exchange Board of India (SEBI) should conduct the audit. In addition, we have recommended that the private sector banks also should be subjected to audit by the Reserve Bank of India auditors/inspectors, on the lines of the public sector banks, he explained.

At present, there are about 1.55 lac chartered accountants in the country, while three lac students are pursuing the chartered accountants degree course. ICAI has undertaken several measures for the benefit of the chartered accountancy sector. As regards the membership, we have entered into an agreement with the Chartered Accountants Institute England and Wales. This will immensely benefit our chartered accountants, "he claimed.

"Considering the increased demand for the profession, an Accounts Technicians course will be started soon. This will be the second layer of the chartered accounts professionals. For enabling the CA graduates to own additional skills, certificate courses in six subjects will also be started," he added. He further informed that in addition, the ICAI has also been conducting continuing education workshops.

"ICAI has been conducting awareness programmes to keep the investors posted of the latest position. Last year, 87 such programmes had been organized,"he said. He went on to explain about the investment opportunities, action plans and specific precautions that need to be taken by the investors before investing.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

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