Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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 STANDARD :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: Central Excise rule to resale the machines to a new company :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: empanelment :: VAT RATES :: form 3cd :: articles on VAT and GST in India
« General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

US bars two PwC auditors in connection with Satyam scam
March, 18th 2010

In connection with Satyam scam, the US auditing watchdog Public Company Accounting Oversight Board (PCAOB) has barred two Indian auditors associated with the auditing firm Price waterhouse Coopers (PwC) from public practice.

As per an order from the Public Company Accounting Oversight Board (PCAOB), the two Indians, Siva Prasad Pulavarthi and Chintapatla Ravindernath have been barred from being associated with any registered public accounting firm.

The PCAOB said in its order that the auditors did not cooperate with its investigation into the fraud. The two held important positions like Engagement Manager and Client Relationship Managers for Satyam audit mandate to LoveLock & Lewes, which is one of the five members of PwC International Ltd network of firms in India.

LoveLock had done the auditing of Satyam' account for four years between 2004-05 to 2007-08.

They were responsible for supervising and reviewing audit work related to cash accounts and receivables. However, they had resigned from their post in January 2010.

The PCAOB board had ordered an investigation regarding the audits and reviews of the financial statements of Satyam in January 2009.

In January last year, Satyam founder B Ramalinga Raju had admitted to fudging the company's accounts to the tune of Rs 10,000 crore and inflating profits.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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