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: form 3cd :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: VAT Audit :: TDS :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: list of goods taxed at 4%
 
 
ICAI »
 ICAI e-Books for New Scheme of Education and Training
 ICAI-Convocation - 2017-18
 Invitation for expression of interest from Social Media Networking Service providers/online marketing solution providers for providing social media solution/ online marketing solutions for publicizing the contents/ activities/other works of the Career Counselling Sub-group under BOS, ICAI by 25th August, 2017.
 Educational Material on Ind AS 16, Property, Plant and Equipment
 The Last Date of Online Filing of Multipurpose Empanelment Form (MEF) for the year 2017-18 is extended from 15th August, 2017 to 25th August, 2017.
 Empanelment of Members to act as Observers at The Examination Centres for The Chartered Accountants Examinations November / December 2017.
 ICAI Awards for Excellence in Financial Reporting' - Invitation to participate in the Competition for the year 2016-17
 ICAI Awards for Excellence in Financial Reporting' - Invitation to participate in the Competition for the year 2016-17
 December, 2017 - Common Proficiency Test (CPT)
 Result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in May 2017 declared.
 Result of the International Taxation - Assessment Test held in May 2017 declared.

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