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: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: form 3cd :: empanelment :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: articles on VAT and GST in India :: list of goods taxed at 4% :: VAT RATES
 
 
« News Headlines »
 Use ITR-2 to show salary and capital gains income
  TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
  How to file ITR for FY 2016-17 and all the links you need
 All about E-way Bill under GST
 Good and simple tax: on the GST regime
 Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTR-3
 Good news, find Tax Return Preparers soon at a place near you; 5 things to know
 Filing of GST return
 Why cement companies are going in for M&As
 Govt moves to rework direct tax law after PM’s nudge
 New offer available for filing tax returns online, how to avail

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