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: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: TDS :: VAT Audit :: ACCOUNTING STANDARD :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: articles on VAT and GST in India
 
 
News Headlines »
 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)
 Price Waterhouse gets 2-year ban in Satyam case
 How to save income tax under section 80C
 These four expenditures can help you save tax under section 80C
 How to avoid excess deduction of TDS from salary income
 Income-tax deduction from salaries during the financial year 2017-18 under section 192 of the Income-tax Act, 1961
 Comparison of 10 tax-saving investments under Section 80C
 10 Income Tax-Saving Options Beyond Section 80C Limit

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 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