ICAI agrees to withdraw proceedings ICAI agrees to withdraw proceedings Chartered Accountant CA ICAI Chartered Accountants CA ICAI CAinINDIA ICAI Announcements Accounting Standards CA News ICAI Students ICAI Members Case Laws CPT IPCC Final ICAI Course CA Course ICAI Forum CA Question Papers ICAI Study Material

« Professional Updates »

Open DEMAT Account in 24 hrs
Advanced ICITSS -Adv. Information Technology Test Computer Based Mode (CBT) Schedule May, Jun, Jul, Sep, Oct, and Nov 2025
Auditing and Assurance Standards Board Online Panel of Experts for addressing Bank Branch Audit related queries
Results of the Chartered Accountants Intermediate and Foundation Examinations held in January 2025 declared.
Invitation for contribution to Question Bank in respect of Self-paced Online Module Examinations (Set-A, B, C & D)
Will deadline for income tax filing change in the new Income Tax Bill?
Result of the Chartered Accountant Final Examinations held in November 2024 is likely to be declared on Thursday, the 26th December 2024 (Late evening) - (20-12-2024)
Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS) Adv. Information Technology Test - Computer Based Mode (CBT) Dec 2024 Jan-Feb-Mar 2025
Re-Scheduling of Chartered Accountants Examination scheduled to be held on 13th November 2024 (Wednesday) at the Examination Centre(s) at Hazaribagh (Jharkhand), Jamshedpur (Jharkhand), Ranchi (Jharkhand), Raipur (Chhattisgarh) and Jhunjhunu (Rajasthan)
The AI Committee of The Institute of Chartered Accountants of India (ICAI) invites unconditional Expressions of Interest (Technical Proposals) from experienced AI companies that have developed AI tools for finance, accounting, tax compliance, legal document drafting, and AI similar services
Important Announcement - Stringent Action against candidates for adopting Unfair Means during CA Examination
Important Announcement - Launch of Self-Paced Module Test (SPMT) Portal


« ICAI to issue fresh notice to PW Delhi...	ICAI - Announcement on Ceiling on Election Expenses... »
ICAI agrees to withdraw proceedings

November, 05th 2009
Accounting regulator ICAI today agreed to withdraw disciplinary proceedings against audit firm Price Waterhouse (PW) Delhi for its alleged involvement in the multi-crore scam in Satyam Computer Services. The Institute of Chartered Accountants of India (ICAI) decided to withdraw proceedings against PW, Delhi, after the Delhi High Court objected to the regulator's action against the firm without giving any evidence that it was related to PW, Bangalore, the statutory auditors of Satyam. "They are separate partnership firms with separate balancesheets. There is no inter-connection (between PW Delhi, PW Bangalore and PW Kolkata) and profit and loss of one cannot be shared by others. You cannot say that the Banglore firm which was statutory auditor of Satyam has anything to do with Delhi firm," said Justice Sanjiv Khanna.