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: form 3cd :: cpt :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: VAT RATES :: ACCOUNTING STANDARD :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: Central Excise rule to resale the machines to a new company :: TDS :: list of goods taxed at 4% :: VAT Audit
 
 
News Headlines »
 Want To File Revised Income Tax Return? Or File Belated Return? 5 Things To Know
 Deadline for filing revised or belated income tax return for past two assessment years is March 31
 Quarterly GST returns filing may be extended to all companies
 How many times one can revise tax returns?
 Income tax exemption for FY19
 How will the new provisions really work?
 How to save income tax? Best tips for young earners
 Forgot to verify your income tax return? Here's help
 Notification of Government e-Marketplace (GeM) under section 138 of the Income-tax Act
 Income tax returns can be filed even if you missed deadline
 What is the difference between a tax return and a tax refund?

Satyam Computer case: ICAI to decide on punishment to ex-PW employees in next meet, says R P N Singh
April, 09th 2012

The government today said the decision on awarding punishment to ex-Pricewaterhouse partner S Gopalakrishnan and V S Prabhakar Gupta, former internal audit head, involved in the accounting fraud at Satyam Computer, is likely to be taken up by accounting regulator ICAI at its next meeting.

"The decision on awarding punishment to S Gopalakrishnan and V S Prabhakar Gupta is likely to be taken by the Disciplinary Committee of the ICAI (Institute of Chartered Accountants of India) at its next meeting," Minister of State for Corporate Affairs R P N Singh said in a written reply in Rajya Sabha.

He added that earlier this year, the names of ex-CFO of the erstwhile Satyam Computer Services, Srinivas Talluri, and two Lovelocke & Lewes auditors Pulavarthi Siva Prasad and Chintapatla Ravindernath have been removed from the Register of Members by the ICAI and a fine of Rs 5 lakh each has been imposed on all of them.

The audit of Satyam was appointed in the name of Price Waterhouse, Bangalore.

A massive accounting fraud of over Rs 14,000 crore in IT company Satyam Computer came to light in January, 2009, after its Founder B Ramalinga Raju admitted to fudging the account books for many years.

Replying to another query, Singh said that no CA firm, whether Indian or foreign, can operate in the area of audit or assurance services in the country without being registered with the ICAI.

However, he added that "it is possible that several multinational accounting firms may be operating in the country in the fields of audit/assurance services through Indian audit firms/memebers who are registered with the ICAI".

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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