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: empanelment :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: TDS :: cpt :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: VAT Audit :: VAT RATES :: ACCOUNTING STANDARDS :: due date for vat payment
« ICAI »
 Regarding Empanelment of professionals for at least fifteen years of continuous practice as a Chartered Accountant with MCA as Mediator or Conciliator.
 CPE Events 24 October - 29 October 2016
 Public Notice in the matter of wrong marketing of ICAI course by private colleges/educational institutes.
 Guidance Note on Audit of Consolidated Financial Statements (Revised 2016) issued by the Auditing and Assurance Standards Board
 Clarifications regarding exemptions in a paper(s) in CA Examinations
 Request to give suggestions on the Draft Rules and Regulations to the Insolvency and Bankruptcy Code, 2016 as issued by the Ministry of Corporate Affairs.
 Hosting of exemption(s) in a paper granted in Intermediate and Final examinations, valid for November 2016
 The Chartered Accountants’ Students Benevolent Fund (CASBF)
 Details of Roll Nos. and Exam Centres of PQC Exams-Nov. 2016
 Group to review and realign the provisions of Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988
 Request for improving of annual filing compliance by pursuing companies so as to help the Ministry of Corporate Affairs in achieving the targeted compliance.

ICAI to take 6 months to complete Satyam auditor probe
February, 12th 2009

The ICAI will take six more months to determine the extent of auditor involvement in the Satyam fraud. Its moves over the next six months could include getting court approval to question the Raju brothers.

The month-long deadline has expired and the high powered ICAI committee is yet to submit its findings in the Satyam scam. The accounting watchdog says it may take it another six months to get a clear picture of the extent to which auditors were involved in the Satyam fraud.

Uttam Agarwal, President, ICAI, said, Within six months the disciplinary committee will come with the finding on whether the members are professionally guilty or not.

ICAI says interrogating Satyam's erstwhile Chairman Ramalinga Raju and former Managing Director Rama Raju will also be necessary for a comprehensive report. Questioning the two Price Waterhouse auditors who are currently in police custody would also be required. But to do this, it will need the courts permission.

Agarwal said, We want to through the court for permission to interrogate Raju as well as the auditors.

However, the ICAI has empowered its disciplinary committee to pass a verdict in the case.

Agarwal said, Whatever the outcome of the disciplinary committee, it should be pronounced on the spot.

This is being seen as a forceful move. That's because this is the first time in ICAI's history that the committee has been given the power to pass judgment a power that so far, rested only with the ICAI Council.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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