- Tuesday, December 8, 2009, 1:52
- CA CS ICWA
- 10 views
The Central Bureau of Investigation (CBI), which is probing the multi-crore Satyam accounting fraud, has given a clean chit to PricewaterhouseCoop ers (PwC), the firm's erstwhile statutory auditors. The CBI, in its supplementary chargesheet filed on November 24 at the XIV Additional Chief Metropolitan Magistrate Court, revealed that the auditors S Gopalkrishnan and Srinivas Talluri, were employees of Lovelock & Lewes (L&L) and that the remuneration, which Satyam paid to..
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- Monday, October 26, 2009, 3:56
- CA CS ICWA
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The government has sought clarity from auditing firm PriceWaterhouseCoopers (PWC) about their operations and business plans in India. “Come back with a plan. What is that you are responsible for? What is that you should be responsible for?” Corporate Affairs Minister Salman Khurshid told PTI while replying to questions about his meeting with senior representatives of PWC early this week. PWC has been in the news for the wrong reasons as its auditors were involved in ..
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- Tuesday, October 13, 2009, 13:06
- CA CS ICWA
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Institute of Chartered Accountants of India has sought broad-ranging information about the association of its member institutions with foreign auditing firms. The move assumes significance following the accountancy fraud by the promoters of Satyam Computers that brought the role of auditors under scrutiny.
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- Wednesday, February 25, 2009, 7:01
- CA CS ICWA
- 22 views
Serious Fraud Investigation Office has invited applications from Chartered Accountants empanelled with the office of C&AG and who may like to be associated with SFIO for carrying out forensic examination of records of companies ordered for investigation by the government. Serious Fraud Investigation Office, Ministry of Corporate Affairs intends to outsource certain Forensic Audit services [...]
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- Sunday, January 18, 2009, 2:53
- CA CS ICWA
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KPMG on Thursday said it will not do any auditing work for Satyam, hours after ICAI cried foul over appointment of the company by new board of Satyam. ICAI president Ved Jain reacted angrily to reports over appointment of KPMG to look into accounts of Satyam. “KPMG is not registered with us and cannot practice [...]
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