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ICAI president letter to CBDT mentioning the difficulties in getting a Certificate for lower deduction or non-deduction of tax at source

DTC/2009-10/ Rep-3 Dated: 27th June, 2009Shri. S.S.N.Moorthy, Chairman, Central Board of Direct Taxes , Ministry of Finance, Government of India, North Block, Delhi-110 001Respected Sir,Re: Request to consider genuine hardships and practical difficulties faced in getting a Certificate for lower deduction or non-deduction of tax at ...

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Posted Under: Income Tax |

ICAI submitted report suggesting lapses on the part of PWC while auditing Satyam

MUMBAI: In a big setback to auditing firm Price Waterhouse (PW), accounting regulator Institute of Chartered Accountants of India (ICAI) has submitted a report that seems to suggest glaring lapses on the part of PW while auditing Satyam. According to highly placed sources at ICAI, the report was handed over to CBI a couple of […]...

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Posted Under: CA, CS, CMA |

Satyam was audited by PWC Bangalore not by Lovelock & Lewis

PriceWaterhouse on Wednesday said its Bangalore unit audited the accounts of scam-hit Satyam Computer and was now cooperating with a probe by regulator SEBI, thus quashing reports that it was distancing itself from the multi-crore accounting fraud. “Satyam Computer Services was audited by Price Waterhouse Bangalore,” the glob...

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Posted Under: CA, CS, CMA |

ICAI may ban two auditors of Price Waterhouse, S Gopalakrishnan and S Talluri

Institute of Chartered Accountants of India (ICAI) came under immense public scrutiny after the auditor’s role being questioned in the whole of Satyam fiasco.Now, almost after six months after the Satyam story came to light, ICAI is ready with its investigations on the auditor’s role and is all set to give its verdict soon. Th...

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Posted Under: CA, CS, CMA |

The Institute of Chartered Accountants of India (ICAI) called for changing the existing curriculum system

The Institute of Chartered Accountants of India (ICAI) today called for changing the existing curriculum system by bringing in branches of specialisation. Talking to reporters here, ICAI President Uttam Prakash Agarwal said frequent changes in the curriculum in the past had been making it difficult for the students. Releasing the road-ma...

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Posted Under: CA, CS, CMA |

ICAI announcement on Indian CA firms having affiliation with international entities/network

Indian CA firms having affiliation with international entities/network – (22-06-2009)ANNOUNCEMENT (For Mandatory compliance) Indian CA firms having affiliation with international entities/network All the CA firms registered with the ICAI having affiliation with international entities/network are requested to furnish the following d...

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Posted Under: CA, CS, CMA |

Satyam Computers renamed as Mahindra Satyam

Two months after taking over scam-tainted Satyam Computer Services, Tech Mahindra Sunday renamed the IT major as “Mahindra Satyam”. The logo will be adopted from the Mahindra Group. ‘This strategic move paves the way for the emergence of a robust brand, which draws from the core values of the Mahindra group and the inher...

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Posted Under: CA, CS, CMA |

Deloitte may be the new statutory auditor of Satyam

The Satyam scam had its auditors PWC red in the face. Raju had cooked the books for many years and did the auditors fail or were partners in the crime, is for the investigative agencies to find out.But life must go on for Satyam and that’s why the new management is making important changes on […]...

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Posted Under: CA, CS, CMA |

Empanelment of eligible Chartered Accountant Firms in Corporation Bank

Empanelment of eligible Chartered Accountant Firms in Corporation Bank –  Profile/Resume sent through E-mail will not be considered for empanelment. Only properly filled in and duly signed Hard copy of the Profile/Resume as per the Format will be considered for empanelment subject to the Firm meeting the eligibility criteria. Such ...

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Posted Under: CA, CS, CMA |

ICAI approved formation of a Directorate of Accounting Technicians

The Executive Committee of the Institute of Chartered Accountants of India (ICAI) in its meeting held on 8th June 2009 has decided to approve formation of a Directorate of Accounting Technicians (ATs) within ICAI to provide singular and unified focus on the development of Accounting Technicians as an independent certification amongst al...

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Posted Under: CA, CS, CMA |