Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: VAT RATES :: cpt :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: Central Excise rule to resale the machines to a new company :: form 3cd :: due date for vat payment :: ACCOUNTING STANDARD
 
 
« News Headlines »
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits

No clean chit to PW auditors
April, 07th 2009

Auditing regulator Institute of Chartered Accountants of India (ICAI) on Monday ruled out a clean chit to tainted Price Waterhouse auditors held in jail for the Satyam scam and said its investigations against them, including disciplinary proceedings, were far from over.

ICAI president Uttam Prakash Aggarwal told TOI that ascertaining the exact role of the auditors, and their complicity if any, would take months. "No decision has been firmed up on the matter so far," Aggarwal said. ICAI's stand comes hours after the auditing body earlier in the day said that Satyam's disgraced ex-CFO Vadlamani Srinivasu told its high-powered committee that neither the Price Waterhouswe auditors S Gopalakrishnan and Srinivas Talluri nor the independent directors were aware of the scam.

"We are only stating what we were told by Vadlamani. However, we have to verify this from documentary evidence. Inquiry against them (auditors) is on, for which we have to look at many other issues," Aggarwal said.

Three separate investigations are being conducted by the ICAI in relation to the satyam scam. While Aggarwal heads the high-powered committee formed after the scam came to light, ICAI V-P Amarjit Chopra is part of the all-important disciplinary committee that functions independently. Another ICAI agency, financial reporting review board (FRRB), is also looking into the matter and is examining the data and records provided by Price Waterhouse of the last five years of Satyam audit.

Sources said the disciplinary committee probe is the most-important and its findings would form the basis of the future course of action. Chopra refused to indicate the timeframe for probe completion, saying the disciplinary committee was yet to speak to Price Waterhouse auditors. "We have to hear the auditors before arriving at any conclusion," he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

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