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 INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: empanelment :: due date for vat payment :: cpt :: form 3cd :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: VAT Audit :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: ACCOUNTING STANDARDS
 
 
ICAI »
 President's Message - May 2017
 Commencement of the Next Batch of the Certificate Course on Wealth Management and Financial Planning to be commenced on 3rd June, 2017 at Chennai : An initiative of CCBMP, ICAI
 Commencement of the Next Batch of the Certificate Course on Wealth Management and Financial Planning to be commenced on 8th July, 2017 at Kolkata : An initiative of CCBMP, ICAI
 Group to look into the intricacies involvced in areas pertaining to the Disciplinary Mechanism
 Exposure Draft of Amendments to Ind AS 101, First-time Adoption of Indian Accounting Standards
  Requirements for passing Information Systems Audit (Assessment Test)
  Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers
 Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers
 Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers
 Reconstitution of Group to study the existing norms for the appointments/re-appointments of statutory / internal auditors
 Reconstitution of Group to study and suggest changes in the Guidelines relating to Networking of CA Firms

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 2017 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