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: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: TDS :: articles on VAT and GST in India :: VAT Audit :: empanelment :: Central Excise rule to resale the machines to a new company :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS
 
 
« News Headlines »
 Seven things you must do before 31st March
 Income Tax saving investments: Top 5 options available for high-income individuals
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process
 New Income Tax Rates And Deductions Applicable From April 1, 2017
 Tax and transparencya
 No decision yet on imposing tax on cash transactions

ICAI: Satyam scam will help improve corporate governance
April, 20th 2010

The lessons learnt from Satyam saga will help improve the level of corporate governance in India in the years to come, the apex body of chartered accountants, ICAI, said today.

"Satyam is a study in itself and a matter of research also. I think in periods to come you will find that it will help to improve the levels of corporate governance in the country," Institute of Chartered Accountants of India (ICAI) President Amarjit Chopra said here.

"Probably, Satyam is the best things that could happen because it shall now prevent frauds in future."

Speaking about lessons learnt from the 2009 fraud at the leading IT firm, Chopra said "The multi-crore Satyam scam is a case study before the fraternity, which was primarily more a scandal of corporate governance."

"It was the failure of audit committee chairman to raise the issue of funds to the tune of Rs 2,000 crore lying in Satyam's current account, otherwise the scam could have surfaced much earlier," he said, referring to striking points in the multi-crore Rs 7,000-crore scam.

"In the wake of this magnitude scam we have urged the government to fix obligation of independent directors and what kind of role they can play in a firm," he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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