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
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Professional Updates »
Open DEMAT Account in 24 hrs
 Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects
 Invitation for contribution to Question Bank in respect of Self-paced Online Module Examinations (Set-C & Set-D)
 India to be Accounting and Finance Hub : Invitation for Comments/Suggestions: Consultation Paper on Draft IFSCA (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations 2024
  Auditing and Assurance Standards Board - Online Panel of Experts for addressing Bank Branch Audit related queries
 Board of Internal Audit and Management Accounting of ICAI is organizing Webinar on "Identifying Red Flags and Report Writing by Internal Auditors" - March 27,
 Revised Applicability of Peer Review Mandate (Phase II & III)
 Important Announcement - Reschedulement of Chartered Accountant Examinations, May 2024
  IMPORTANT ANNOUNCEMENT
 Extension of Last Date for Online Empanelment of Members to act as Observers for May/June 2024 Examinations up to 15th March 2024
 Empanelment of Members to act as Observers at the Examination Centres for the Chartered Accountants Examinations May/June 2024
 Guidance Note on Audit of Banks (2024 Edition)

ICAI report Satyam fraud on July 9
June, 29th 2009

The high-powered committee set up by the Institute of Chartered Accountants of India (ICAI) to look into the multi-crore fraud at erstwhile Satyam Computer will submit its report on July 9.

"We will submit the report to the Ministry of Corporate Affairs on July 9 after we finalise the report at the final internal meeting by the committee on July 4 at Agra," ICAI President U P Agarwal told PTI.

He was in the city for the convocation programme of the institute's eastern region chapter held today.

Agarwal heads the high-powered committee, which has six other members, and it looks into financial reporting, accounting and auditing aspects with regard to the Satyam fiasco, reviews the shortcomings and recommends plugging loopholes against such frauds.
Declining to go into the report aspects, he said, "We want that chartered accountants should be empowered so that they can force the management to change the accounting of a company if they think it is not in best of the practice."

Speaking about the profession at the current economic scenario, Agarwal said, "Recession has no impact on our profession." In the campus placement this year, total 600 students were placed. The average salary had increased to Rs 6.91 lakh from Rs 5.7 lakh last year.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting