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: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: empanelment :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: cpt :: ACCOUNTING STANDARD :: due date for vat payment :: ACCOUNTING STANDARDS
 
 
« ICAI »
 Constitution of Group to consider the entire structure to study circles, exploring ways and means to obtain independent PAN, TAN, Service Tax registration
 Group for formulating Foreign Travel Policy of the Institute
 Register for Webinar Organized By CPA Ontario in Association with Canada (Toronto) Chapter of ICAI on March 15, 2017.
 CPE Events 20th February - 25th February 2017
 Regarding Empanelment of professionals having at least fifteen years of continuous practice as a Chartered Accountant with RD MCA as Mediator or Conciliator for the year 2017-2018
 Extension of the Last date for submission of online application for empanelment of Chartered Accountants firms/LLPs with O/o C&AG for the year 2017-18.
 CPE Events 13th February - 18th February 2017
 ICAI elects New Torch-Bearers for the year 2017-18
 Condonation of Breach of Regulation 65 & 78 - Non submission of Form 112
 Exposure Draft of the Ind AS-compliant Schedule III to the Companies Act, 2013, for Non-Banking Financial Companies (NBFCs) (Comments to be received by March 6, 2017)
  Post Qualification Course in International Taxation - Assessment Test (INTT-AT)-May, 2017 Application Form

ICAI wants 6 mths to determine PwC's involvement in Satyam
February, 14th 2009

The Institute of Chartered Accountants of India (ICAI) has announced that it will take six more months to determine the extent
of the involvement of the company's auditor in the Satyam fraud.

Uttam Prakash Aggarwal, President, ICAI said that whether the auditors (PriceWater House Coopers) are guilty of falsifying accounts or not will become clear as soon as the investigation is completed.

"The fact as to whether the auditors were innocent or whether they were negligent or in the worst case scenario, they were hand in glove with the chairman in falsifying the accounts. We will no doubt come out with the investigation being done by several agencies including the disciplinary mechanism of the ICAI," said Uttam Prakash Aggarwal.

Meanwhile, L K Advani, senior leader of Bharatiya Janata Party (BJP), termed the Satyam fraud as a 'government scandal' and demanded a judicial enquiry into the country's largest corporate scam.

Advani said that a CBI probe was insufficient and a judicial probe was needed into the case for the truth to be known.


"It is not a corporate fraud. It is a Governmental scandal. Therefore, no CBI enquiry is necessary. A judicial enquiry is needed. A commission of enquiry is needed in the scandals in Andhra which has given you also a bad name otherwise the corporate sector did not have a bad name before Satyam," Advani said.

Andhra Pradesh police had arrested Satyam founder Ramalinga Raju and others in connection with the rupees 7,800 crore accounting fraud in Satyam Computer Services Limited.

Subsequently, Andhra Pradesh Chief Minister Y S Rajasekhara Reddy had recommended a CBI probe into the fraud.

Ramalinga Raju, his brother Rama Raju, former Chief Financial Officer Srinivas Vadlamani are currently held in a jail in Hyderabad.

 
 
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