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: empanelment :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ACCOUNTING STANDARDS :: due date for vat payment :: VAT RATES :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: list of goods taxed at 4% :: form 3cd :: ACCOUNTING STANDARD :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« News Headlines »
 Save income tax through mutual fund investment. All you need to know
 Income tax returns (ITR): On sale of property, here is what you should know
 Section 35 of the Income-tax Act?
 Notification regarding extension of last date w.r.t submission of closing stock by dealer.
 Integrated Goods and Services Tax (IGST) Rules, 2017 (As on 15.11.2017)
 Central Goods and Services Tax (CGST) Rules,2017 (As on 15.11.2017)
  101st Constitution Amendment Act, 2016
 Pr. Commissioner Of Income Tax-6 Vs. Mccain Foods India Pvt. Ltd.
 Section 10 of the Income-tax Act, 1961
 Income tax returns filing: No tax on gift received from relatives in form of cash
 Income tax returns (ITR): Here is why you need to pay higher tax on other incomes

Satyam fraud hit brand, not biz: PwC
March, 30th 2010

Branding yes, but business no. Thats how PwC global chairman Dennis Nally sees the impact of the Satyam fraud on the Indian operations of the worlds largest professional services organisation.

Speaking to TOI, Nally, on his first visit to Kolkata since he took over as the chairman, pointed out that while Price Waterhouses (a PwC network firm) name being dragged into Indias biggest corporate fraud did have a negative impact on the PwC brand, the controversy did not result in a large number of its clients either walking away or driving harder bargains.

Clients remained tremendously loyal. The Satyam issue did not have any effect on rates (PwC charges), Nally said, explaining that a series of steps taken by the organisation to boost internal controls, including devising a new approach to assess risks, has gone down well with the clients. Conversations about economics become a lot easier when you are in a longstanding relationship, he said.

However, Nally said that despite the best of controls, frauds could still take place if company managements were intent on following unfair business practices. You can never completely eliminate the possibility of material fraud.

He underlined PwCs desire to more than double its headcount in Kolkatas tech hub Salt Lake from 2,000 to 5,000 in three years and set up one of three proposed shared services centres worldwide in the city.

Nally, who has decided to visit India once in every three months as part of PwCs enhanced focus on emerging markets, said the organisation remains open to the idea of acquiring smaller firms to expand its reach. We still want to acquire talent and companies and there is no change in that thought process.

PwC intends to ramp up its India headcount to 10,000 within three to five years from about 6,400-6,500 currently. India presently contributes 2% to the global business. We want to raise this figure to 5% within five years, PwC India chairman Gautam Banerjee said. As on date, the India practice of PwC is a quarter of the size of the one in China. PwC is rolling out a new India plan to fast-track growth, he added.

Nally said one should not read too much into the appointment of a new deputy chairman for the Indian operations as well as the setting up of an advisory council for the country as business needs are dynamic and change with time. Although PwC India always had a chairman and an MD, the organisation did not have a deputy chairman till the Raju fraud cast a shadow on its functioning.

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

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