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I think yes

A Right  & Needed Statement Given By Mr. Jain

Its a shame and disgrace for our profession

exactly tell me wht is the issue in detail

It is indeed a result of a misconduct from the PWC and henc they should be penalised for this level of carelessness. The provisions are provisions after all which should apply to all the members. So PWC should indeed be given examplary punishment by ICAI

It is indeed a result of a misconduct from the PWC and henc they should be penalised for this level of carelessness. The provisions are provisions after all which should apply to all the members. So PWC should indeed be given examplary punishment by ICAI

 It may be fraud or careless but it is true that team work and done from so many days. It is not week or fortnight work

Can you cancel their  (PWC Auditors) membership. Because, It is very shame to all CAs. 

kill them bl**dy auditors of PWC in front of public.there is no difference between the political leaders and auditors in the soceity after this scam.

Mr Jain Should be take Temporary steps against Pwc.If Found guilty,he Should make this incident an example for future Gen. so that Professional must know their work Properly.If CA make such careless(if Truth),he Must be give up his position.

Steps:

1) His must be banned from Practising.

2) Legal Court Action.

by this act of ICAI, other such CA's will take a lesson. they will understand that such clause is not only in the Act but can be imposed once required and applicable.

Let us not be haste in making comments and jumping at the conclusions. Let us wait till the veil is lifted completely before passing the judgements.

PWC is guilty as per clause 7  part 1 Schedule II of Chartered Accountants Act 1949 ( Amendment Act 2006 )

its great...

but i don't think any damage will be done to Pwc or its CAs...

because they have world class experts and lawyers ...

the only thing which can be done is involvment of US org. SERC, which is very strict with these types of frauds.