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) | 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
Latest Expert Exchange
ICAI »
 Withdrawal of the Announcement regarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years.
 Extension of the Last Date for submission of online application for Empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2019-20
 Launch of Batch of Educational Course by ICAI Registered Valuers Organisation (ICAI RVO) at Ludhiana from 23rd February, 2019 to 17th March, 2019.
 Results of the Post Qualification Course (Insurance & Risk Management, International Taxation (AT), ITL & WTO and TMC (Part-I) / MAC (Part-I)) Examinations declared.
 Exams : Intermediate(IPC), Intermediate Merit List November 2018
 Results of the Chartered Accountants Intermediate (Old Course & New Course) Examination held in November 2018 declared.
 Committee for Capacity Building Members in Practice (CCBMP), ICAI: Arrangement LIC Term Insurance for Members of ICAI
 Ind AS Technical Facilitation Group (ITFG) Clarification Bulletin 18
 Advisory to be issued, inter alia, in the interest of members and students of ICAI
  Regarding Clarification on Applicability of Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to fall under the ambit of Rotation principles in subsequent years.
 Platinum Jubilee Annual Function to be held on 4th February, 2019 in Convention Hall, The Ashok Hotel, Chanakyapuri, New Delhi.

SEBI for peer review; ICAI says would take 10-15 days
January, 10th 2009

Chartered accountants apex institute ICAI on Friday said that auditors could take up to 15 days to peer review of the Nifty and Sensex
tracker companies which has been ordered by the market regulator SEBI to avoid a Satyam-like financial fraud.

"Peer review can take 10-15 days. It should not take more than that," said Institute of Chartered Accountants of India President (ICAI) Ved Jain.

There is no dearth of auditors. There are large number of practicing Chartered Accountants, he said, adding, there are about 75,000 CAs.

Earlier in the day, SEBI decided to review the earnings statement of all the companies that figure in the elite stock trackers Nifty-50 and Sensex-30.

"Such a review would be in relation to the last quarterly results and last audited annual financial results," the regulator said in a statement.

SEBI will also prepare a panel of auditors to conduct the exercise, which would be taken following the publication of third quarterly results and is likely to be completed by end-February.

The review comes on the heels of Satyam founder Ramalinga Raju disclosing a financial fraud amounting to about Rs 7,800 crore in the company over several years.

SEBI has already ordered a probe into the share market dealings of Satyam, which has since been removed Nifty as well as BSE Sensex.

The companies that figure in the stock trackers include India's most valued Reliance Industries, Tata group companies, public sector companies like ONGC and IOC.

Following the revelations by Raju on Wednesday, the shareholders wealth has eroded by Rs 2,50,000 crore in the day's trading.

The decision on review was taken after a meeting of the SEBI's committee on disclosure and accounting standards.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

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