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: list of goods taxed at 4% :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: form 3cd :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: VAT Audit :: articles on VAT and GST in India :: due date for vat payment :: cpt :: empanelment
« News Headlines »
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest
 Big changes for small units under GST
 Parliament’s winter session to begin on November 16 to expedite GST rollout
 Income-tax (27th Amendment) Rules, 2016 - 92/2016
 Announcement - Clarifications in Respect of MEF 2016-17
 Non-taxing GST apps to make filing income tax return less painful

Price Waterhouse may be barred if partners found guilty
January, 27th 2009

Price Waterhouse may not be able to practice in India, if either or both of its partners S. Gopalakrishnan and Talluri Srinivas are found guilty in the Satyam Computer Services fraud case. If the regulators concerned agree to the suggestion made by the Institute of Chartered Accountants of India (ICAI), this kind of penal action is imminent.
Amendment to ICAI Act

Ved Jain, Chairman of the ICAI, told this correspondent that the Satyam case would come under a new Amendment to the ICAI Act which would facilitate its quick disposal.

He said the institute had requested all regulatory bodies, lately the Securities and Exchange Board of India (SEBI), to ensure that no company/firm of auditors should be engaged by anybody in case any of its partners was found guilty of professional misconduct.

However, the individuals, whose licences would be revoked on being found guilty, would not be able to practice at all.

In fact, the Comptroller and Auditor-General of India and the Reserve Bank of India also would not approve of the appointment of auditing firms whose any or many of the partners were found guilty.

Asked about the action initiated against Price Waterhouse and Mr. Gopalakrishnan in respect of the charges against them in the four-year-old Global Trust Bank case, Mr. Jain said the case was going on and hoped that it would conclude very soon.

Incidentally, Mr. Gopalakrishnan is a member of the ICAI national council.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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