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: VAT Audit :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: TDS :: empanelment :: due date for vat payment :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« General »
 Govt sets up task force to review income tax laws
 Tax queries: Contact employer to get Form 16 error rectified
 Finance Ministry may hike monetary limit for filing tax appeals
 Compilation of all notifications issued ON
 Banking transaction tax to have cascading effect: NIPFP
 While filing tax in India, NRIs do not have to state overseas income
 Tax ease on cards, some daily use items may become cheaper
 It’s one year of GSTN, too
 SBI home, auto loan interest rates cut, set to be effective from Nov 1
 MNCs will have to furnish extra disclosures from March 2018
 High Court Allows Woman To File Income Tax Returns Without Quoting Aadhaar

Satyam account cleaning to take six months
February, 11th 2009

The cleaning up or restating of scam-tainted Satyams accounts is expected to take at least six months as the newly-appointed auditing firms will have to scrutinise the companys fudged numbers back to 2002, a top source said. Efforts to restate the accounts are progressing rapidly. The Board expects this task to take at least six months. The restated accounts can be expected to be ready earliest by July, the source said.

A 30-member team from Chennai-based Brahmaiah & Company, appointed as the internal auditor, is going through the fraud-hit IT majors accounts in Hyderabad. Besides, two foreign auditing firms KPMG and Deloitte have also been mandated by the government-appointed Satyam Board to scrutinise the IT firms books of accounts. The auditors have been asked to work backwards 2008-09 to 2002 to facilitate a speedy declaration of Q3 results, the source said. The Board wants to declare the companys Q3 results as quickly as possible and hence the move, the source said.

Though no deadline has been set for the auditors to come up with the restated numbers, the auditors have been told to complete the task as quickly as possible, the source said.

The auditors KPMG and Deloitte have not submitted any report to the Board so far, the source added. The Satyam Board has already obtained permission from the market regulator to extend the time for it to announce its Octobr-December results.

According to existing regulations, listed companies are required to announce quarterly results within a month of the end of a quarter.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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