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
ICAI »
 Annual Improvements to IFRS Standards 2018–2020
 The next ISA AT is scheduled to be held on 29th June 2019 from 9 AM to 1 PM (IST) at 59 Cities.
 The Gita Education Society, C/o Kapil Goel Adv F-26/124 Sector 7 Rohini, Delhi-110085 vs. Income Tax Officer, Exemption Ward, Ghaziabad
 Change of Venue in respect of some of the Candidates at Meerut City, in respect of May 2019 Exams
 Indian Accounting Standards (Ind AS): Disclosure Checklist (For Accounting year 2018-19 - Revised May 2019)
 Change of Venue in respect of some of the Candidates of Intermediate (IPC) and Final Examinations at Bengaluru City, in respect of May 2019 Exams
 Survey for seeking preference for foreign language course from ICAI Members and Students (Last Date Extended to 30th June, 2019)
 Change of Venue in respect of some of the Candidates of Intermediate, Intermediate (IPC) and Final Examinations at Bengaluru City, in respect of May 2019 Exams
 Circular issued by MCA for waiver off of fees for filing Form ADT-1 by the companies which have filed Form GNL-2 during the period from 1st April, 2014 to 20th October, 2014 for appointment of auditors.
 Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)
 FAQ on The Banning of Unregulated Deposit Schemes Ordinance, 2019

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 2019 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