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: form 3cd :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: empanelment :: VAT Audit :: due date for vat payment :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: cpt
 
 
« ICAI »
  Requirements for passing Information Systems Audit (Assessment Test)
  Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers
 Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers
 Exposure Draft of Clarifications to Ind AS 115, Revenue from Contracts with Customers
 Reconstitution of Group to study the existing norms for the appointments/re-appointments of statutory / internal auditors
 Reconstitution of Group to study and suggest changes in the Guidelines relating to Networking of CA Firms
 Reconstitution of Group pursuant to C&AG’s Report `Performance Audit on Appreciation of Third Party (Chartered Accountants) - Reporting in Assessment Proceedings’ for the year ended March, 2014
 Reconstitution of Group to look into the intricacies involved in areas pertaining to the disciplinary mechanism
 Reconstitution of Group to suggest ways and means for augmenting the income of Chartered Accountants Benevolent Fund
 Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34)
 Reconstitution of Group to to review and realign the provisions of Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988

ICAI president: CAs being targeted post-Satyam scam
March, 26th 2009

Institute of Chartered Accountants of India (ICAI) doesn't seem to have taken the growing doubts over the credibility of chartered accountants (CAs) post-Satyam scam very kindly. President of ICAI Uttam Prakash Agrawal said here on Wednesday that CAs are being targeted unnecessarily in the Rs 7,000-crore scam that jolted the entire nation a few months ago.

Agrawal himself is heading a high-profile committee that is probing the scam. "There is no proof, as of now, that any CA was involved in the multi-thousand crore scam. All the agencies are currently investigating the case only on the basis of Satyam Computer's former boss Ramalinga Raju's statements," Agrawal told TOI.

"None of the CAs have been found guilty yet. But, still questions are being raised over their credibility and professional ethics. Investigations, as of now, haven't been able to prove even the auditors' fault," said Agrawal,

Agrawal said that ICAI has laid down strict disciplinary rules for the CAs and if any of their members was found guilty in the Satyam scam, then the institute will take strict action against them. "I have proposed new accounting standards in which the CAs will be able to play a pro-active role by examining the accounts and their authencity more deeply. And we have put hearing of anti-disciplinary complaints against CAs on fast track," he added.

Agrawal also expressed concern over the growing interference of the management in CAs work. "We have one of the best accounting and auditing systems in the world. But most of the times, the management doesn't implement the rules properly. In fact, most companies don't want to give more power to CAs so that they can work independently," he pointed out.

Foundation laid for new building

ICAI president Uttam Prakash Agrawal laid the foundation stone for the organiation's new office building in the city on Wednesday. The new ICAI Bhawan will come up on a 30,000-square feet plot at Atladara on city outskirts. The building will house administrative offices, library and fully-equipped air-conditioned modern auditorium with a capacity of more than 200 people.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

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