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CA FINAL & CPT EXAM RESULT WILL COME TODAY

The results of the Chartered Accountants Final, Final (New Course) Examinations, Common Proficiency Test (Paper Pencil Mode) and Common Proficiency Test (Online) held in November/December, 2008 are likely to be declared on Friday, the 16th January, 2009 around 2 PM and the same as well as the merit list (candidates securing a minimum of 5...

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Posted Under: CA, CS, CMA |

How Satyam May have Inflated Cash & Bank Balance

We all are still in disbelief mood as far as cash & bank balance fraud is concerned. Although there is no confirmed news, but the information gathered from some of sources of the investigating agencies (ICAI, SEBI etc.) are as under:...

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Posted Under: CA, CS, CMA |

Action against partners, not audit firm, says ICAI

The Institute of Chartered Accountants of India (ICAI) has said that the concerned partner who signed on Satyam Computers’ balance sheet will be held responsible and not the audit firm Price Waterhouse....

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Posted Under: CA, CS, CMA |

Rotate auditors and CFOs, say experts

In the aftermath of the Satyam fiasco, like in any other scam, questions are raised about how to avoid one the next time. In this backdrop, chief financial officers and experts reckon that changing the auditor every four years, as is an international practice, could be the way out. M Damo-daran, former Sebi chief, in […]...

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Posted Under: Finance |

ICAI to disclose name of audit firms avoiding proper norms

The Institute of Chartered Accountants of India (ICAI) said on Monday it would reveal to the public the names of audit firms that overlook due diligence while auditing companies. This would act as a deterrent to audit firms from compromising on the quality of audit work as the bad publicity would make it lose its […]...

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Posted Under: CA, CS, CMA |

ICAI plans to Limit the Number of Year an auditor can be associated with a Company

Shaken by the alleged “inaction” of Satyam Computer’s auditor Price Waterhouse, the Institute of Chartered Accountants of India is planning to push for a cap on the tenure of a company’s auditor....

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Posted Under: Finance |

Income tax case: ICAI denies violations of various provisions; exemption issue pending before DG

THE Institute of Chartered Accountants of India ( ICAI ) has clarified that accounts of the Institute were duly audited and signed by the auditors, and after adoption by the Institute, the same were published in the Gazette of India as well as circulated among its members and filed with the Income Tax authorities as […]...

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Posted Under: CA, CS, CMA |

Controversial Satyam auditor stays in council of ICAI

Just when The Institute of Chartered Accountants of India (ICAI) probes allegations of fraud against auditors of Pricewaterhouse in the Satyam and Global Trust Bank (GTB) cases, an auditor from the firm who was part of both the audits continues to sit on the all-important council of the accounting regulator, raising many eyebrows....

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Posted Under: CA, CS, CMA |

Deloitte & KPMG appointed Satyam auditors in Place of PWC

HYDERABAD: Fraud-hit Satyam Computer Services Ltd’s new board has appointed KPMG and Deloitte as the company’s new auditors, replacing PricewaterhouseCoopers, two newly appointed members of the board said on Wednesday.”Yes, they have been appointed,” said Deepak Parekh....

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Posted Under: CA, CS, CMA |

Government Appoints first 3 member of the Satyam Board

Indian Government which dissolved the whole satyam board not sure if its to safeguard Satyam Computers or the Satyam involved in the Satyam Computer services fraud.It informed that they have appointed the first 3 members of the 10 Member board and its appointed by the Ministry of Corporate Affairs.They will first form the Board of [&helli...

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Posted Under: CA, CS, CMA |