Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: due date for vat payment :: VAT Audit :: ACCOUNTING STANDARDS :: form 3cd :: TDS :: ACCOUNTING STANDARD :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: empanelment
 
 
ICAI »
 Roll Nos. / Exam Centres of IRM Technical Exam, INTT AT, MAC(Part-I) & TMC(Part-I) Exams to be held in November, 2017
 Opportunity for IFAC CEO Job Position
 68th Annual Report and Audited Accounts of the Institute for the year 2016-17
 Change of Venue in respect of some of the Candidates of Intermediate (IPC) and Final Examinations at Mumbai, in respect of November 2017 exams
 CPE Events 9th October - 14th October 2017
 Exposure Draft of the Accounting Standard (AS) 23, Borrowing Costs (Comments to be received by October 31, 2017)
 Exposure Draft of the Accounting Standard (AS) 24, Related Party Disclosures (Comments to be received by October 31, 2017)
 ICAI Invites Suggestions for Pre-Budget Memorandum-2018
 CPE Events 2nd October - 7th October 2017
 President's Message - October 2017
 Discontinuation of Online Sales Portal www.icaionlinestore.org

ICAI begins action against Price Waterhouse partners
February, 04th 2009

Accounting regulator Institute of Chartered Accountants of India (ICAI) has taken the first step towards disciplinary action against
the arrested partners of Price Waterhouse, who audited the books of scam-hit Satyam Computer Services.

ICAIs five member disciplinary committee has registered a case against Price Waterhouse partners, S Gopalakrishnan and Srinivas Talluri, and has sought information from the firm. If found guilty, the partners could lose their permit to practise. ICAI has given time till February-end to get information from the partners and respond to its questions. As per a government directive, ICAI had earlier asked for the working papers or the audit methodology that PW followed in the last five years while auditing Satyams accounts.

ICAI president Ved Jain told ET that the financial review reporting board of the institute is looking into the working papers submitted by the audit firm.

A magistrate court in Andhra Pradesh on Tuesday dismissed the bail applications of Gopalakrishnan and Talluri, but remanded them to police custody for two days. Lawyers close to Price Waterhouse, who asked not to be named, told ET that the polices version that the two had confessed to colluding with Satyam promoters in the fraud, was based on the fact that PW had withdrawn its audit opinion of Satyam. Recalling audit opinion is a statutory requirement when the audited company restates its financial statements, they said. Price Waterhouse had said on January 15 that its reports of Satyams accounts couldnt be relied on.

Meanwhile, the audit firm stated that both Gopalakrishnan and Talluri have rebutted the prosecutions allegations that they engaged in criminal conduct relating to Satyam Computer Systems auditing. In particular, in their bail petitions, both maintained that they are innocent and that there was not an iota of material to link them with the accusations levelled against them. Their lawyers repeated this assertion during the bail hearing, the firm said here.

It also denied the prosecutions allegation that Gopalakrishnan and Talluri were not partners of Price Waterhouse Bangalore.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

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