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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: cpt :: ACCOUNTING STANDARDS :: form 3cd :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: VAT RATES :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: due date for vat payment
 
 
ICAI »
 Educational Material on Ind AS 16, Property, Plant and Equipment
 The Last Date of Online Filing of Multipurpose Empanelment Form (MEF) for the year 2017-18 is extended from 15th August, 2017 to 25th August, 2017.
 Empanelment of Members to act as Observers at The Examination Centres for The Chartered Accountants Examinations November / December 2017.
 ICAI Awards for Excellence in Financial Reporting' - Invitation to participate in the Competition for the year 2016-17
 ICAI Awards for Excellence in Financial Reporting' - Invitation to participate in the Competition for the year 2016-17
 December, 2017 - Common Proficiency Test (CPT)
 Result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in May 2017 declared.
 Result of the International Taxation - Assessment Test held in May 2017 declared.
 President's Message - August 2017
 Result of the International Taxation - Assessment Test held in May 2017 is likely to be declared on 1st August 2017.
 Guidance Note on Division II- Ind AS Schedule III to the Companies Act, 2013

ICAI: No ready evidence that auditors colluded
April, 06th 2009

There is no ready evidence that the jailed Price Waterhouse (PW) auditors in the Satyam Computer Services scandal had also colluded, says Uttam Prakash Agarwal, president of the Institute of Chartered Accountants of India (ICAI).

They and the former chief financial officer of Satyam, Vadlamani Srinivas, seemed to have acted on the instructions of Satyam founder B Ramalinga Raju and his brother B Rama Raju, who are the master brains behind the Rs 7,800 crore financial scam at the IT company, he said here today.

He spoke to a section of the media here after recording the statements of the former CFO and the PW auditors, now housed at the Chanchalguda central jail.

Agarwal and two others, Kantilal Dagga and Ranganathan, all members of the high-powered committee of the ICAI, the apex body regulating the profession of chartered accountants, interrogated the three chartered accountants for two days.

According to Agarwal, Vadlamani categorically denied making any fake documents and stressed that the fraud was masterminded by the Raju brothers and he merely acted on their instructions. He initially opposed the wrongdoings but had limitations and had to accept the instructions of the duo, he said.

Vadlamani now regretted being part of the Satyam team, Agarwal said. Vadlamani also said that the PW auditors had done the auditing and gave their opinions by following all the rules of auditing. He also supposedly said that the PW auditors did not get any benefits or incentives for colluding with the Raju brothers.

To a query if the ICAI was giving a clean chit to the auditors in the Satyam case, he said the ICAI team only heard their statements. Based on the interaction the ICAI team had with them in the jail, on the face of it the auditors had no role in the Satyam scandal, Agarwal said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

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