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 »
 All you need to know about treatment of income from self-occupied property ITR filing
 Complete ITR process before this date or have hefty penalty slapped on you Income Tax return filing
 M/s Nalini Jewellers, 16/2646-49, Bank Street, Karol Bagh, New Delhi. Vs. The Assistant Commissioner of Income Tax, Circle-33(1), New Delhi.
  Prohibition of Benami Property Transactions (1st Amendment), Rules, 2019
 Income Tax Return filing: How to disclose foreign income, assets in ITR
 Missed Income Tax Deadline? Learn How To Prepare And Submit A Belated Return
 Not received income tax refund yet? Here is how much interest you will get
 Notification No. 100/2019 Central Board of Direct Taxes
 How to prepare for the new GST return filing systema
 Notification No. 99/2019 Central Board of Direct Taxes
  Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)

Price Waterhouse says audit of Satyam in accordance with auditing standards
January, 09th 2009

Price Waterhouse, the statutory auditor to Satyam Computers, on Thursday said that its audit of Satyam's books were conducted in
accordance with auditing standards.

"Over the last two days, there have been media reports with regard to alleged irregularities in the accounts of Satyam Computer Services. The audits were conducted by Price Waterhouse in accordance with applicable auditing standards and were supported by appropriate audit evidence," said a statement by Price Waterhouse. "Given our obligations for client confidentiality, it is not possible for us to comment upon the alleged irregularities. Price Waterhouse will fully meet its obligations to cooperate with the regulators and others."

The role of the statutory auditor came into the picture after Satyam chairman on Wednesday admitted to inflating profit figures for the past several years.

Government officials, the Institute of Chartered Accountants
of India, accounting experts have all spoken about the possibility of Price Waterhouse being pulled up in case an audit failure is detected.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting