Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning
 What Are 5 Heads Of Income Tax?
 Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals
  Income Tax Return: 5 lesser-known tax-saving tips from Section 80
 Income Tax Return: 5 lesser-known tax-saving tips from Section 80
 Why you need not rush to file your ITR immediately
 Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing
 Section 80DDB tax benefits for specified illnesses: 5 things to know
 Income tax slabs FY 2024-25: Five tips to help taxpayers decide between old and new income tax regimes
 ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available now on e-filing income tax portal
 How To Save Tax For Salary Above 15 Lakhs?

PwC auditor moves SC against ICAI
July, 30th 2011

PriceWater house auditor Srinivas Talluri, one of the accused in the R14,000-crore Satyam Computer Services accounting fraud case, on Friday challenged the Delhi High Court order that rejected his plea to stay disciplinary proceedings before the Institute of Chartered Accountants of India (ICAI).

However, a bench headed by Justice MK Sharma recused from hearing the case. The matter is likely to come up for hearing on Monday before another bench.

The regulatory body of chartered accountants had initiated disciplinary proceedings against the auditors of the scam-hit Satyam (now Mahindra Satyam) after its founder-promoter B Ramalinga Raju confessed to inflating the company account books.

The disciplinary proceedings were initiated by the ICAI following failure of the auditors to detect the accounting fraud, which continued in the IT company for many years.

While seeking a stay on disciplinary proceeding before ICAI, the auditor said that the subject-matter of both the disciplinary proceedings as well as the criminal case in the Special CBI Court were more or less identical.

And during the trial, he would be required to disclose his entire defence, which would be violative of his fundamental right against self-incrimination.

Meanwhile, the accounting regulator said that it would complete cross-examination of witnesses in the R14,000-crore Satyam accounting fraud case in the next two days.

There are 15 witnesses (in the Satyam case) and we have completed cross examination of 12, rest we will cross-examine on July 31. We will also complete examination of documents which we have, said ICAI president G Ramasawamy. Earlier, in 2009, ICAI had set up a six-member special committee to look into the fraud in the Hyderabad-based IT company.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting