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 :: TDS :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARDS :: cpt :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« ICAI »
 Next batch of the Certificate Course on Valuation at Bangalore from 11th November, 2017.
 Extension of date empanelment of members to act as observers for November / December 2017 examinations up to 25th September, 2017
 CPE Events 18 September- 23 September 2017
 Invitation for expression of interest from software development companies for providing software relevant to the Practitioners & CA Firms of ICAI by 31 October
 Peak Filing Preparation 2017-MCA 21
 Group for suggesting ways and means to resolve Inter unit reconciliations issues including re-engineering the process/procedures, revenue sharing, between HO and branches, various grants payable and accounting entries thereof, especially in GST regime
 Weightage of Marks at All Levels of CA Course Under Revised Scheme of Education and Training
 CBDT has extended the due date for filing Income Tax Returns and audit reports from 30th September 2017 to 31st October 2017
 Exposure Draft of Revised Guidance Note on Report under Section 92E of the Income-tax Act, 1961 (Transfer Pricing)
 President's Message - September 2017
 President's Message - September 2017

'ICAI must take more measures to restore faith in auditors'
February, 06th 2009

The auditing profession regulator ICAI must take further measures to build public confidence in the profession, the Union Corporate Affairs Minister, Prem Chand Gupta, said here on Wednesday.

Satyam: The truth at last!

The Satyam Computer Services scandal has brought to the fore the role of statutory auditors Price Waterhouse in the financial bungling. There has been a backlash against auditors in the wake of Satyam episode and the ICAI is still grappling with the dent on the image of the auditors.

ICAI has taken some measures. You must take further measures, Gupta said at the 59th annual function of the Institute of Chartered Accountants of India (ICAI) here.

Satyam is not a commodity to be sold through e-auction: L&T

So far, the ICAI has issued a show cause notice to the audit firm Price Waterhouse. The audit firm, however, has sought more time to respond as the concerned accountable persons were not in a position to respond to the notice.

He said the institute should not show any laxity in enforcing highest ethical standards in the profession. Gupta said technical excellence and adherence to ethical standards were critical for growth of any profession.

Maytas sets up task force to restore public confidence

The Minister stressed the need for auditors to keep in mind the public interest while performing their audits and discharging the role of certification of financial statements. The law had to be observed in letter as well as in spirit, he said.

Gupta said the Government was committed to ensure the effective functioning of regulatory structures, especially those put in place in 2006 for reforming the disciplinary mechanism of the profession.

Regulatory reform is an ongoing process. We will continue to keep the process going, he said, adding that the Government was committed to bring in structures that were capable of handling issues of a modern economy.

Meanwhile, Anurag Goel, Secretary in the Ministry of Corporate Affairs, said the auditing profession must rise to the occasion as one and meet the new challenges with conviction.

More India business stories

Backlash natural

The outgoing ICAI President, Ved Jain, said the Satyam episode had come as a rude shock to the institute. The backlash against auditors in such a situation (Satyam scandal) is natural. We will do everything that is expected of a regulator of a profession, Jain said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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