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: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: due date for vat payment :: TDS :: empanelment :: ACCOUNTING STANDARDS :: VAT RATES :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: ACCOUNTING STANDARD :: articles on VAT and GST in India
 
 
News Headlines »
 Govt to simplify income tax laws, sets up task force under taxman Arbind Modi to study overhaul
 Infosys to configure GST network for filing returns
 Save income tax through mutual fund investment. All you need to know
 Income tax returns (ITR): On sale of property, here is what you should know
 Section 35 of the Income-tax Act?
 Notification regarding extension of last date w.r.t submission of closing stock by dealer.
 Integrated Goods and Services Tax (IGST) Rules, 2017 (As on 15.11.2017)
 Central Goods and Services Tax (CGST) Rules,2017 (As on 15.11.2017)
  101st Constitution Amendment Act, 2016
 Pr. Commissioner Of Income Tax-6 Vs. Mccain Foods India Pvt. Ltd.
 Section 10 of the Income-tax Act, 1961

CA firms told to furnish overseas tie-up details
April, 30th 2009

The Institute of Chartered Accountants of India (ICAI) has asked 12 domestic chartered accountant (CA) firms to provide details of their informal tie-ups with overseas auditing firms, the accounting regulator said in a statement.

The move is aimed at understanding the operational details of the Indian CA firms, which have entered into contracts with international accounting majors, such as PricewaterhouseCoopers (PwC), KPMG, Ernst & Young and Deloitte, an ICAI official said on condition of anonymity. The accounting regulator is taking precaution to avoid any Satyam kind of scam.

As per the initiative that was taken by a high powered committee of the institute chaired by its president Uttam Prakash Agarwal, ICAI has sought copies of contracts between the domestic audit firms and their multinational partners.

In addition to their contract papers, the 12 identified CA firms will also have to submit details of money paid and received from foreign partners and also show copies of letterheads and visiting cards used by their employees, the institute said in a release. ICAI, however, officially did not name the CA firms that have been sent the notices.

Regulations of World Trade Organisation (WTO) do not allow multi-national accounting firms to do audit work in India. For this reason, firms, such as KPMG, E&Y, PwC and Deloitte, have tied up with Indian CA firms. KPMG in India has an association with BSR & Co for doing financial audit of domestic companies, while SR Batliboi & Co has a similar tie-up with E&Y.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 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