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
Latest Expert Exchange
« News Headlines »
 5 things you should not forget while filing income tax return
 10 Easy Steps to File ITR 1 Online
 How to e-verify income tax return?
 What to do when you receive a notice from the tax department
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19

To become statutory auditor for Mahindra Satyam
August, 31st 2009

Global audit firm Deloitte is in the race along-with a few other firms to become the statutory auditor for Mahindra Satyam (formerly Mahindra Satyam).

Deloitee is also the statutory auditor for Tech Mahindra, the IT arm of the Mahindra Group, which acquired Satyam three months ago. It was mandated along-with KPMG to re-state Satyams accounts, but opted out of the role due to a possible conflict of interest.

The board of Mahindra Satyam will meet on September 4 to select the statutory auditor, take stock of the current financials and the progress on forensic accounting, said T N Manoharan, government nominated board member of Mahindra Satyam and the former President of the Institute of Chartered Accountants of India (ICAI).

Satyams accounts are being re-stated over the past seven years as its defamed founder B Ramalinga Raju confessed to perpetrating a Rs 7,000 crore financial fraud. After the confession, Price Waterhouse, the firm that audited Satyams accounts for eight years or so, said its reports could not be relied upon.

Two auditors of Price Waterhouse were also charged of conniving with the founder in fudging Satyams books. The government nominated Satyam board removed Price Waterhouse as the statutory auditor.

Pune based Tech Mahindra acquired Satyam and the Mahindra Satyam board will now select a statutory auditor.

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

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