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 :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: form 3cd :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: VAT Audit :: cpt :: ACCOUNTING STANDARD :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: TDS
 
 
News Headlines »
 Tax Return Preparer (Amendment) Scheme, 2018
 Tax-saving for young earners simplified
 How to save income tax? Here are 6 investments with tax free income
 10 Top salary deductions that can save tax for you
 What are the tax saving options beyond Section 80C?
 The penalties for not paying tax on time
 How to make your salary tax efficient
 I-T Department may go into overdrive this quarter
 Ways to reduce the TDS deduction from your salary
 4 Tips for choosing who prepares your 2017 Tax Returns
 Processing of income-tax returns under section 143(1) of the Income-tax Act which were filed in Forms ITR-1 to 6 & applicability of section 143(1)(a)(vi)

Bail petitions of former PW executives rejected
April, 10th 2009

The IV additional metropolitan sessions court today denied bail to the former Price Waterhouse (PW) auditors S Gopalakrishnan and Srinivas Talluri.

The two auditors are in jail after they have been arrested in connection with the Rs 7,800-crore financial scam at the Satyam Computer Services. The arguments for the bail petition began yesterday and continued today.

The CBI stressed that the PW auditors had conspired with Satyam founder B Ramalinga Raju, his brother B Rama Raju and former chief financial officer Srinivas Vadlamani certified the balance sheets and profit and loss statements and caused financial loss to small investors and shareholders.

The auditors have grossly failed complying with standard auditing practices, which amounted to professional misconduct.

PW India expressed disappointment that the two partners who worked on the audit of Satyam's financial statements have again been denied bail.

"The fraud perpetrated by Raju and his cohorts was designed to, and did, circumvent PW India's audit process. The two partners were also victims of that substantial and elaborate fraud," PW stated in a press release.

The two partners, who are committed to cooperating with all investigating authorities, have now been held in custody for over 10 weeks. During this time, the partners have consistently denied any criminal wrongdoing, the audit firm pointed out.

Even though it has seen no evidence of wrongdoing on their part, PW said that it had suspended both the partners from all duties in January, pending resolution of the Satyam investigations, as it was "committed to the highest standards of quality and service for its clients".

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

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