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
News Headlines »
 NRIs need to file income tax return to get TDS refund
 Filing out a tax return for the first time? Here are seven important tips
 What is the last date to file ITR?
 A step-by-step guide to filling salary details in your income tax return
 Companies (Incorporation) Sixth Amendment Rules, 2019
 Five things you should know about Income Tax Salaried employee
 How to get tax e-refund
 Know the correct income tax return form applicable to you for FY 2018-19
 How to report tax-exempt incomes in ITR-1
 Govt may extend Income Tax Returns Deadline
 What you should know about ITR-1 Income Tax Returns

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 Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Vision

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