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: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: articles on VAT and GST in India :: cpt :: ACCOUNTING STANDARDS :: form 3cd :: list of goods taxed at 4% :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ACCOUNTING STANDARD
 
 
« General »
 Income Tax notification: Aadhaar-PAN linking must from July 1
 Filing ITR just got easier for salaried class with CBDT's one-page form
 Why consumers should welcome GST
 Retailers need to file single GST return every month
 Aadhaar is must for income tax returns if you have one; Here's how you can file it online
 Will it be a tax haven above the law?
 Your mutual fund investment tax efficient? Here are 3 steps to ensure utmost efficiency for your portfolio
 Finally a goods and services tax. But what lies ahead?
 Tax May Rise On Outbound M&As, Indian Mncs’ Investments
 Filing income tax return? Do remember to claim benefits on your reimbursements
 Banks will have a hard slog ahead to get GST-ready

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 2017 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