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
 
Tally On Cloud Tally on Cloud: Ready for the Daily Backup Requirement
Keep your Tally books accessible from anywhere while supporting your Rule 46(8) obligations. With daily backups configured on servers physically located in India, Tally on Cloud helps you maintain the backup arrangement required for electronic books of account under the Income-tax Rules, 2026. Move your Tally to the cloud with confidence.
Open DEMAT Account with in 24 Hrs and start investing now!
« Professional Updates »
Open DEMAT Account in 24 hrs
 Results of the Chartered Accountants Foundation Examination held in September 2026 is likely to be declared by the evening of 6th November 2026.
 Announcement - Last Opportunity for Submission of MEF 2026-27
 EMPANELMENT OF MEMBERS TO ACT AS OBSERVERS AT THE EXAMINATION CENTRES FOR THE CHARTERED ACCOUNTANTS’ EXAMINATIONS, JANUARY 2027.
 Opening of Nominations for the 20th ICAI Awards.
 Invitation for contribution to Question Bank in respect of Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) - Advanced IT test
 Advisory regarding timely completion of statutory compliances in view of the proposed Bank Strike from 28th to 30th September 2026.
 Schedule of Intermediate & Foundation Examinations, January 2027.
 Commencement of Live Virtual Classes for the students of CA Foundation course appearing in January 2027 Examination
 Resignation by CA. Madhukar Narayan Hiregange, FCA from the membership of the Central Council of ICAI
 Observations of the candidates on the question papers of CA Intermediate and Foundation Examinations - September 2026.
 Announcement for Extension of Last Date for Submitting MEF 2026-27 from 29th August to 9th September, 2026

ICAI to take 6 months to complete Satyam auditor probe
February, 12th 2009

The ICAI will take six more months to determine the extent of auditor involvement in the Satyam fraud. Its moves over the next six months could include getting court approval to question the Raju brothers.

The month-long deadline has expired and the high powered ICAI committee is yet to submit its findings in the Satyam scam. The accounting watchdog says it may take it another six months to get a clear picture of the extent to which auditors were involved in the Satyam fraud.

Uttam Agarwal, President, ICAI, said, Within six months the disciplinary committee will come with the finding on whether the members are professionally guilty or not.

ICAI says interrogating Satyam's erstwhile Chairman Ramalinga Raju and former Managing Director Rama Raju will also be necessary for a comprehensive report. Questioning the two Price Waterhouse auditors who are currently in police custody would also be required. But to do this, it will need the courts permission.

Agarwal said, We want to through the court for permission to interrogate Raju as well as the auditors.

However, the ICAI has empowered its disciplinary committee to pass a verdict in the case.

Agarwal said, Whatever the outcome of the disciplinary committee, it should be pronounced on the spot.

This is being seen as a forceful move. That's because this is the first time in ICAI's history that the committee has been given the power to pass judgment a power that so far, rested only with the ICAI Council.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting