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: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: cpt :: Central Excise rule to resale the machines to a new company :: VAT Audit :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT RATES :: articles on VAT and GST in India :: ACCOUNTING STANDARDS
General »
 Banks warn share tax hike threatens Paris' post-Brexit appeal
 PMC may decide on property tax rebate for IT firms this week
 I-T Dept is giving out certificates of appreciation. Have you received yours?
 Government works on ironing out benefits refund mechanism for exportersa
  Tax officials are using an IDS provision to question transactions beyond six-year-limit
 Tax-free bonds rally like midcap funds
 Senior citizens do not have to pay advance tax on salary and interest income
 GST: Audit commissioners to get adjudication powers
 Interest on NRE rupee account can be exempt from tax under FEMA
 Impact of GST on Real Estate Sector
 GST regime: Tax payers allowed to take option of third-party interfaces

ICAI to ban three auditors in Satyam case
April, 29th 2014

The Institute of Chartered Accountants of India (ICAI) is set to ban three of its members, including Price Waterhouse partners Srinivas Talluri and S Gopalakrishnan, for life, with regard to the Rs 14,000-crore Satyam accounting scam. The third member to be banned is V Srinivasu, senior vice-president and director at erstwhile Satyam Computer Services.

Fines imposed
ICAI has also imposed a fine of Rs 5 lakh on each of the three. This will mark the end of ICAI’s investigation into the country’ biggest corporate scam, unearthed in 2009.

ICAI President K Raghu on Tuesday said the three members had been barred from practising as chartered accountants for life, adding their names would soon be removed from the institute’s register of members.

Talluri and Gopalakrishnan were part of Price Waterhouse, Bangalore, Satyam’s statutory auditor from 2000 to 2009.

While Talluri was signing partner and engagement leader of the audit team working with Satyam, Gopalakrishnan was partner.

ICAI’s latest decision was taken at a recent disciplinary panel meeting of the institute, which found the officials guilty of professional misconduct in auditing Satyam’s books.

Raghu said another ICAI member, Prabhakar Gupta, former head of Satyam’s internal audit, had also been found guilty in the case, adding his name had already been removed from ICAI’s register. The accounting regulator had barred two other members, P Sivaprasad and Chintapatla Ravindernath, for professional misconduct. However, their cases were pending with the court, Raghu said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

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