| The Institute's attention was drawn to certain news reports giving the impression that the Institute has mooted a proposal to open doors for MNC audit firms to operate in India. |
| Consequent upon the Satyam scandal coming to light, the Council of ICAI had constituted a High Powered Committee to look into the matter. The said Committee prepared a report covering "Satyam fiasco". The Council, on consideration, has submitted its recommendations to the Government in two parts – one in July, 2009 and another in May, 2010. Both these reports cover matters relating to "Satyam fiasco" only. |
| As such, neither the ICAI nor any of its Committees including the High Powered Committee has made any proposal to open doors to MNC audit firms. |
Tuesday, June 8, 2010
Denial of contents of news report on multinational accounting/audit firms - (08-06-2010)
Denial of contents of news report on multinational accounting/audit firms - (08-06-2010)
Popular Posts
-
BUSINESS ETHICS IPCC Chapter 1:- Principles of Business Ethics Q.1) Explain the Need for Business Ethics Ans. Business ethics is tha...
-
Ban on Bulk Sms and MMS Extended till October 04 The Ministry of Communications and Information Technology has today issued orders in cons...
-
It has been decided to revise the structure of question papers for the PCE, IPCE and Final (old and new course) examinations as under, from ...
-
Dear CA Final Students, Some amendments have taken place in the recent past which are relevant for CA (Final) Nov. 2010 Exams. These amen... -
October 19, 2010 Subject: Change of Examination Centers for November 2010 CA Exams Due to paucity of accommodation in some Zones ...
