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 :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: cpt :: form 3cd :: articles on VAT and GST in India :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: VAT Audit :: due date for vat payment
 
 
General »
 Shah gets notices over civic tax dues
 Tax revenue down in first six months after prohibition
 Post demonetisation, Income Tax department sends 30 cases of irregularities to Enforcement Directorate, CBI
 Don’t rush into a new tax without being prepared
 Can’t tax income from palace rent: Supreme Court
  Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 30, 2016)
 Cases for tax scrutiny will be selected by machines
 Time to revisit 1997 direct tax rates, says P Chidambaram
 Lok Sabha passes Bill to tax black money deposits post demonetisation
 Last day to pay property tax with old notes
 Income tax department asks IDS declarants to pay tax by 30 November

PW announces overhaul of India leadership
March, 06th 2009

Even as the investigation on Satyam fraud continues, Price Waterhouse (PW), its beleaguered auditor, has initiated measures to improve its audit quality, which includes setting up an independent advisory board to provide external guidance and other multiple and substantive actions. In a significant move, the accounting firm, for the first time, decided to accommodate leading auditors from outside the firms network in the board.

The PW move coincided with the beginning of three-day-long emergency meeting of the ICAI central council on the collapse of Global Trust Bank, where again PW was the auditor, and the show-cause served by Sebi on the Satyam fraud.

A spokesman of the firm said, This advisory board will comprise five members, four of whom will be from outside the PwC network and will be individuals of repute. PW has asked that the PwC global network identify a senior partner from another PwC member firm to serve as the fifth member.

PWs Hyderabad office, which was engaged in the Satyam audit, is now being placed under new management. The spokesman said that these moves should not be taken as the firms lack or loss of confidence in its existing people.

PW has confidence in the quality and integrity of its people and of its work in India. However, to provide additional reassurance to its clients, and generally, it has decided to take the following steps, the official spokesman said.

Ramesh Rajan, chairman of P W India, later said, While we are confident in the overall quality of our services and our people, the problems at Satyam have created a difficult environment and, therefore, we are taking all the necessary steps to demonstrate to our clients and other stakeholders our commitment to the highest standards.

PwCs global network fully supports the steps taken by the leadership of our member firm in India. India is a very important market for PwC and one that we are committed to supporting and developing, said Samuel A DiPiazza Jr CEO PwC International.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

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