« ICAI »  Whether same UDIN which was generated for Certificates in Bank Branch Audit can be used for Tax Audit of the same Bank Branch?  Whether UDIN is mandatory for Tax Audit?  ISA AT (December - 2019) is proposed to be held at 63 cities only on December 28th, 2019 (Saturday) from 9.00 AM to 1.00 PM (IST).  In case if some Certificates are signed by one Partner while others are signed by another Partner, whether different UDIN is required for each such Partner?  While conducting Bank Audit, whether separate UDIN has to be taken for all Certificates as there are bulk of certificates to be signed?   CA EXAMS - Important Announcement  Change of Venue in Lucknow City (Uttar Pradesh), in respect of November 2019 Exams  ICAI Invites Applications for the Post of Secretary  Change of Venue in Beawar City (Rajasthan), in respect of November 2019 Exams  IMPORTANT ANNOUNCEMENT  Quick Referencer on Indian Accounting Standards «  Ullas Kamath of Jyothy Labs wins ICAI 2008 CA Business... IPCC Registration Counter to remain open on 31st January,... » Why ICAI stays quiet on PwC? January, 29th 2009 PriceWaterhouse partners S Gopalakrishnan and Srinivas Talluri have been arrested in the Satyam scam but the Institute of Chartered Accountants of India (ICAI), citing lack of evidence, has taken no action yet. Well, is this regulator effective enough or a mere a rubber stamp for CAs? The PwC partners have been in custody for over three days now but ICAI is still quiet against the alleged partners. The Institute says that police arrests do not provide enough evidence to take any action against its members. Ved Jain, president of ICAI, said, Police arrests is for the purpose of investigation only. Its nothing beyond that. You will agree that whatever the statements are made are not to be considered as part of evidence in the court of law. So, for taking action under my law there is enough mechanism that we follow and we will carry out investigation at our level. ICAI further says that the law gives the institute a limited mandate under which it can function and does not allow all chartered accountant defaults to be governed by the body. There is a limited sphere where we operate. The institution does not have the mandate to punish people for forgery, cheating and other offenses that are covered under the Indian penal code. We are only concerned with the licenses." Now, as the Satyam story unfolds, it is also bringing some realities to the surface in terms of justice to the offenders. The ICAI, which is projected to be taking care of all issues in the accounting world, is actually tied under the ambit of law for showing results.