Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Professional Updates »
Open DEMAT Account in 24 hrs
  IMPORTANT ANNOUNCEMENT
 Extension of Last Date for Online Empanelment of Members to act as Observers for May/June 2024 Examinations up to 15th March 2024
 Empanelment of Members to act as Observers at the Examination Centres for the Chartered Accountants Examinations May/June 2024
 Guidance Note on Audit of Banks (2024 Edition)
 Issuance of SA 800 (Revised), SA 805 (Revised), SA 810 (Revised)
 Implementation Guide on Reporting on Audit Trail under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 (Revised 2024 Edition) - (12-02-2024)
 Important Announcement for May-June 2024 CA Examinations
 Draft Bank Branch Auditors' Panel (MEF) for the year 2023-24
 Results of the Chartered Accountants Final and Intermediate Examinations held in November 2023 declared.
 Observations of the candidates on the question papers of CA Foundation examinations - December - 2023
 Inviting suggestions by way of Questionnaire for preparation of ICAI Vision 2049

ICAI chief to grill auditors on Sunday
April, 04th 2009

The Institute of Chartered Accountants of India (ICAI), the apex body that regulates the profession, has been permitted to record the statements of the two jailed Price Waterhouse auditors S Gopalakrishnan and Srinivas Talluri on Sunday.

The two are accused in the Rs 7,800 crore fraud at Satyam Computer Services Ltd.

ICAI President Uttam Prakash Agarwal, along with Shantilal Daga, a central council member of the ICAI, would question the two on their role in the fraud. Gopalakrishnan and Talluri were statutory auditors for Satyam, whose founder-head, B Ramalinga Raju, confessed to cooking the companys books for many years.

Incidentally, Gopalakrishnan, who was then suspended by Price Waterhouse, continues to be a member of the ICAI Council, the apex decision-making body.

While Agarwal heads the six-member high-powered ICAI committee formed on January 13 in the aftermath of the Satyam scam, Daga is one of its members.

We would question them about accounting and auditing aspects of the Satyam fraud. Whether standards were followed while auditing the accounts, along with other issues like how many people were involved, said Agarwal, declining to give further details.

The Andhra Pradesh police had arrested Gopalakrishnan and Talluri on January 24 for their alleged role in colluding with Raju to fudge the accounts. As a regulator of the auditing profession, the ICAI had sent a notice to Price Waterhouse and started proceedings against both auditors on its own accord. It had sought permission to interrogate the two in March.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting