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 »
 Conduct of CA Examination scheduled on 12th November 2018
 Apply for 12th ICAI Leaders & Business Excellence Awards being organised by Committee for Members in Industry & Business (CMI&B) by 15th December 2018
 Request to give suggestions on certain provisions of the Companies Act 2013 as per notice issued by MCA by 16th November 2018.
 Committee for Capacity Building Members in Practice, ICAI: Commencement of the first batch of the Certificate Course on Preparation of Appeals, Drafting of Deed & Documents and Representation before Appellate Authorities and Statutory Bodies at Mysore.
 Information System Audit - Assessment Test (ISA - AT), December 2018.
 Observations of the Candidates on the Question Papers of CA Examinations - November 2018
 ICAI-President's Message - November 2018
 Announcement for next examination of Certificate course on Forex & Treasury Management
  Technical Guide on the functioning of Audit Committee and its Review Checklist as issued by the CL&CGC of ICAI
 CPE Events 29th October - 3rd November 2018
 Announcement for the Certificate Course on Cooperatives at Kolkata from 17th November 2018

Why ICAI stays quiet on PwC?
January, 29th 2009
PriceWaterhouse partners S Gopalakrishnan and Srinivas Talluri have been arrested in the Satyam scam but the Institute of Chartered Accountants of India (ICAI), citing lack of evidence, has taken no action yet. Well, is this regulator effective enough or a mere a rubber stamp for CAs? The PwC partners have been in custody for over three days now but ICAI is still quiet against the alleged partners. The Institute says that police arrests do not provide enough evidence to take any action against its members. Ved Jain, president of ICAI, said, Police arrests is for the purpose of investigation only. Its nothing beyond that. You will agree that whatever the statements are made are not to be considered as part of evidence in the court of law. So, for taking action under my law there is enough mechanism that we follow and we will carry out investigation at our level. ICAI further says that the law gives the institute a limited mandate under which it can function and does not allow all chartered accountant defaults to be governed by the body. There is a limited sphere where we operate. The institution does not have the mandate to punish people for forgery, cheating and other offenses that are covered under the Indian penal code. We are only concerned with the licenses." Now, as the Satyam story unfolds, it is also bringing some realities to the surface in terms of justice to the offenders. The ICAI, which is projected to be taking care of all issues in the accounting world, is actually tied under the ambit of law for showing results.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

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