[aaykarbhavan] Satyam Scam:Removal of names of Auditor,CFO & Head,Internal Audit Dep, permanently

ICAI completes proceedings in Satyam case..........

1) As part of ICAI & continuous drive to uphold the credibility, integrity and image of the accountancy profession in India, the regulatory mechanism of ICAI is working assiduously.

2) Disciplinary Directorate of ICAI has been taking disciplinary action against its errant members as per the provisions of the Chartered Accountants (Amendment) Act, 2006 and Rules framed there under. 

3) In the wake of Satyam scam, disciplinary action was initiated against the concerned Statutory Auditors including audit incharge(s), then CFO of the Company and Head of Internal Audit Department.

4) After completion of enquiry against the aforesaid persons, the Disciplinary Committee having found them guilty of professional misconduct has awarded the maximum punishment of removal of their name(s) from the Register of Members permanently and also imposed a fine of Rs. 5 lakh each on them. The Appellate Authority constituted under Section 22A of the Chartered Accountants (Amendments) Act, 2006 in all cases, except one case which is yet to be heard by the said Authority, has also upheld the decision of the Disciplinary Committee of ICAI.

Disclaimer: Neither moderator nor sender  nor any other person takes any responsibility, liability of any nature. Readers are requested to verify the genuineness of each & every  information including any appeal, from own source.     

__._,_.___

---

Posted by: Nitesh More <moreassociate@gmail.com>

---

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Visit Your Group

• New Members 1

• Privacy • Unsubscribe • Terms of Use