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: due date for vat payment :: Central Excise rule to resale the machines to a new company :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: ACCOUNTING STANDARD :: empanelment :: articles on VAT and GST in India :: VAT Audit
 
 
« News Headlines »
 Integrated Goods and Services Tax (IGST) Rules, 2017 (As on 15.11.2017)
 Central Goods and Services Tax (CGST) Rules,2017 (As on 15.11.2017)
  101st Constitution Amendment Act, 2016
 Pr. Commissioner Of Income Tax-6 Vs. Mccain Foods India Pvt. Ltd.
 Section 10 of the Income-tax Act, 1961
 Income tax returns filing: No tax on gift received from relatives in form of cash
 Income tax returns (ITR): Here is why you need to pay higher tax on other incomes
 GST Update On Issuance Of Debit Notes And Credit Notes
 How Mutual Fund Investments Can Help Save Income Tax
 Income tax returns (ITR) filing: Why small service providers need to get this benefit
 How NRIs can avoid tax troubles

ICAI nails Satyam auditors
September, 30th 2009

The Institute of Chartered Accountants of India (ICAI) said V Srinivas, Chief Financial Officer (CFO) and two former auditors of the crisis-hit Satyam Computer Services Ltd., now rebranded as Mahindra Satyam, were found guilty. The apex body also said members of Satyams internal audit cell were found guilty of professional misconduct and failure to perform their duties.

A high-powered panel constituted by ICAI has, prima facie, found Satyams statutory auditors from PricewaterhouseCoopers (PwC) -- S Gopalakrishnan and Srinivas Talluri - and members of internal audit cell P Sivaprasad, Ch Ravindranath, V S Prabhakara Rao and V Srinivas, CFO, were found guilty of professional misconduct.

The five-member disciplinary committee, which submitted its report on September 23, found PwC guilty of professional misconduct.

ICAI said it would issue notices to all those found guilty for their written statements, which are to be submitted within 30 days.

However, sources in ICAI said the official process to close the case would take time considering the unavailability of respondents.

Satyams CFO and the two external auditors of the company are under judicial custody and unless they are given a chance to defend themselves, we cant deliver the judgement, a council member told Express. He added ICAI is exploring alternate options to gain access and thereby provide an opportunity to respondents.

It must be noted that ICAI had earlier found Gopalakrishnan as guilty in the Global Trust Bank accounting fraud and has removed him from all non-standing committees.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

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