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: ACCOUNTING STANDARD :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: form 3cd :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: VAT RATES :: VAT Audit :: empanelment :: cpt :: due date for vat payment :: Central Excise rule to resale the machines to a new company
 
 
ICAI »
 CPE Events 20th February - 25th February 2017
 Regarding Empanelment of professionals having at least fifteen years of continuous practice as a Chartered Accountant with RD MCA as Mediator or Conciliator for the year 2017-2018
 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 2017-18.
 CPE Events 13th February - 18th February 2017
 ICAI elects New Torch-Bearers for the year 2017-18
 Condonation of Breach of Regulation 65 & 78 - Non submission of Form 112
 Exposure Draft of the Ind AS-compliant Schedule III to the Companies Act, 2013, for Non-Banking Financial Companies (NBFCs) (Comments to be received by March 6, 2017)
  Post Qualification Course in International Taxation - Assessment Test (INTT-AT)-May, 2017 Application Form
 CPE Events 6th February - 11th February 2017
 Submission of CA Examination Application Forms Online
 Special Examinations under MRA / MOU is scheduled to be held from June 19th-23rd, 2017.

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 2017 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