| 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)
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