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: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: cpt :: VAT Audit :: due date for vat payment :: form 3cd :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: articles on VAT and GST in India
 
 
« ICAI »
 CPE Events 5th December - 10th December 2016
 Here's how your employer can help you save tax
 Introduction of facility for online submission of requests for issue of duplicate mark sheets/pass certificates.
 ICAI invites suggestions on revised Model GST Law
 Guidance Note on Reports in Company Prospectuses (Revised 2016) issued by the Auditing and Assurance Standards Board
 President's Message - December 2016
 Ind AS Transition Facilitation Group (ITFG) Clarification Bulletin 6
 Announcement regarding registration as an Insolvency Professional with the Indian Institute of Insolvency Professionals of ICAI
 CPE Events 28th November - 3th November 2016
 Admit Cards for CPT December 2016 Examination
 Application Form for the Information Systems Audit (ISA) Assessment Test - December, 2016 [Last Date - 7th December, 2016]

ICAI Satyam investigations to take 6 more months
July, 02nd 2009

The Institute of Chartered Accountants of India (ICAI) has said its investigation into the Satyam case will take six more months to conclude. The discipline directorate of the Institute is looking into the alleged accountancy fraud perpetrated by Satyam. In the next 6 months the Satyam case will be disposed of, Uttam Prakash Agarwal, president of the institute said.

The case is at present before the disciplinary board of the institute which had asked Price Water house to respond to their queries by June 30 which the auditing firm did. After completing its investigation, the board will send its recommendations to a separate disciplinary committee headed by Agarwal. We are awaiting responses on the case. After which a meeting will be set up to discuss the particulars of the case, he added.

ICAI has urged the ministry of corporate affairs to give the institute more powers in a bid to speed up disciplinary cases before it. According to Agarwal, since no definite deadline is fixed in the law for ongoing investigations, cases get unnecessarily delayed. There should be no room for repeated adjournments, Agarwal said.

The institute is working on submitted the Satyam report to the minister of corporate affairs, Salman Khurshid on July 9, 2009. The report is expected to highlight the broad details of the fraud and could also look at ways to tighten accounting standards.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

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