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: VAT Audit :: Central Excise rule to resale the machines to a new company :: form 3cd :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT RATES :: empanelment :: due date for vat payment :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS
 
 
News Headlines »
 Income-tax (22nd Amendment) Rules, 2017
 All about Exports under GST
 Have you missed the due date of filing your Tax Returns?
 What you should know about income tax refunds
 Income tax scrutiny to remain limited despite surge in returns filed
 Regarding Filing of online return for first quarter of 2017-18 extension upto 01-09-2017
 Deadline to file returns extended to 28 August for biz with transitional
 GST input tax credit form
  How to rectify income tax returns
 Govt extends tax exemption for industry in North East, hilly states
 Should you file revised Income Tax returns; find out here

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 2017 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