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
Latest Expert Exchange
« News Headlines »
 What to do if you missed the (second) tax deadline
 Income-tax (5th Amendment) Rules, 2018 - Notification under section 9A (3) of the Income-tax Act, 1961 in respect of Fund Manager Regime
 Income Tax department warns salaried class again filing wrong ITRs
 ITR-1 form for AY 18-19 now available for e-filing
 New Income Tax Return Form for Salaried Class available in Portal
 Income Tax Return: ITR-1 ready for e-filing, says I-T department
 6 Tax changes you need to keep in mind while filing ITR for FY17-18 Income Tax Return efiling
 Income-tax (5th Amendment) Rules, 2018
 Last-minute tax tips for late filers
 What demonetisation did to tax collections
 Income–Tax (Fourth Amendment) Rules, 2018

ICAI to decide on punishment to ex-Pricewaterhouse employees in next meet
March, 27th 2012

The government today said the decision on awarding punishment to ex-Pricewaterhouse partner S Gopalakrishnan and V S Prabhakar Gupta, former internal audit head, involved in the accounting fraud at Satyam Computer, is likely to be taken up by accounting regulator ICAI at its next meeting.

"The decision on awarding punishment to S Gopalakrishnan and V S Prabhakar Gupta is likely to be taken by the Disciplinary Committee of the ICAI (Institute of Chartered Accountants of India) at its next meeting," Minister of State for Corporate Affairs R P N Singh said in a written reply in Rajya Sabha.

He added that earlier this year, the names of ex-CFO of the erstwhile Satyam Computer Services, Srinivas Talluri, and two Lovelocke & Lewes auditors Pulavarthi Siva Prasad and Chintapatla Ravindernath have been removed from the Register of Members by the ICAI and a fine of Rs 5 lakh each has been imposed on all of them.

The audit of Satyam was appointed in the name of Price Waterhouse, Bangalore.

A massive accounting fraud of over Rs 14,000 crore in IT company Satyam Computer came to light in January, 2009, after its Founder B Ramalinga Raju admitted to fudging the account books for many years.

Replying to another query, Singh said that no CA firm, whether Indian or foreign, can operate in the area of audit or assurance services in the country without being registered with the ICAI.

However, he added that "it is possible that several multinational accounting firms may be operating in the country in the fields of audit/assurance services through Indian audit firms/memebers who are registered with the ICAI".

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

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