satyam case sent by Ms. Surbhi Bansal.

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C.A.Final (New) ICWAI FINAL (New)
11269 Points Joined November 2008

 AMENDMEND FOR JUNE 2009 EXAM (AUDITING)

 

 

PROFESSIONAL ETHICS
 
 
NOTIFICATION NO CA (7)/116/2008 DATED 25.09.2008
 
 
S.NO.
CLAUSE (2) & (3) OF PART-I OF SCH-I (SHARING)
CLAUSE (4) OF PART-I OF SCH-I (PARTNERSHIP)
1
C.S.
C.S.
2
C.W.A.
C.W.A.
3
ENGINEER
ENGINEER
4
ARCITECT
ARCITECT
5
ACTUARARY
ACTUARARY
6
ADVOCATES
ADVOCATES
7
MBA
PERSON HAVINNG PRESCRIBED QUALIFICATION
 
 

GUIDELINE IN CLAUSE (7) OF PART-I OF SCH-I DATED 14.05.2008

 
WRITE UP
INFORMATION PERMITED

Ø       Name of ca

Ø       Membership no

Ø       Age

Ø       Date of becoming ca

Ø       Date from which cop held

Ø       Qualification

Ø       Languages

Ø       Telephone/fax/mobile

Ø       Professional address

Ø       Web sites

Ø       Email

Ø       Ca logo

Ø       Pas portsize photograph

Ø       Details of employee (ca/ other/articles) (no. as well as above details

Ø        Service provided

Note : in case of firm: firm reg. no. to be given + year of establishment

 

Points : misslleding, disrepute, testimonial, act violation, client name, font exceeding 14, awards

 

NOTES: all above mention items---PRESS,MEDIA,WEB SITE(PUSH as well as PULL mode has been allowed)

 
 
 
 
 
 
 
 

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On 27 April 2009 at 19:53 Report
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C.A.Final (New) ICWAI FINAL (New)
11269 Points Joined November 2008

 

IMPACT OF THIS NOTIFICATION

1. )  ON CLAUSE (6)

WEBSITES

  1. YEAR OF ESTABLISMENT
  2. DETAILS OF ARTICLES
  3. NATURE OF SERVICE PROVIDED

(PULL+ PUSH BOTH)

CIRCULARS

 2.)  ON CLAUSE (7)

  1. ADVERTISEMENT IN PRESS
  2. ADV. IN TV/MEDIA
  3. YEAR OF ESTABLISHMENT(IN CIRCULER)

 

SATYAM SCANDAL

(AS PER LETTER BY MR. R. RAJU)

 

FAKE CASH & BANK BALANCE                      = 5040 Cr.

 

NON-EXISTANCE OF ACCRUAL INTEREST = 376 Cr

 

UNDERSTAND LIABLITY                                   = 1230 Cr

INFLATED DEBTORS                                                                      = 490 Cr

 

IN QUARTER-2: INFLATED REVENUE           = 588 Cr

                               INFLATED MARGIN              = 500 Cr

                               ARTIFICIAL CASH                 = 588 Cr

CLAUSE (8) (7) second schedule part I attracted.

 

 

POINTS W.R.T AUDITORS DUTY(question may be in exam on following points)

1)       WHY SO HUGE IDLE CASH?

2)       PHYSICAL VERIFICATION OF CASH?

3)       DEBTORS CONFIRMATIONS

4)       ACCRUED INTEREST (WHY NOT EXAMINE SUBSQUENTLY)

5)       BRS ?

6)       SALES :-  STOCK MOVEMENTS

                     AGGREMENT WITH CUSTOMER (IN SERVICE SECTOR)

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On 27 April 2009 at 19:56
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C.A.Final (New) ICWAI FINAL (New)
11269 Points Joined November 2008

U can down loan this also 



the same thing which i had posted u can either down loan or else u can see above one

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On 27 April 2009 at 19:58
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Tax Consultant
1064 Points Joined August 2008

Thanx Vidya for sharing

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On 27 April 2009 at 20:27
Guest

so nice of you for vidya. Keep share with us.

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On 27 April 2009 at 20:32
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student
33 Points Joined August 2008

 hi sri vidya thnx for ur input do u have the imp questions of audit given Ganapathy sir for the June attempt of final...pls help

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On 27 April 2009 at 20:52
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audit manager
60 Points Joined March 2009

`Hi sri vidya ji tanx. have a nice day
 

 

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On 29 April 2009 at 09:08
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Accounts Executive
564 Points Joined December 2008

thks for sharing

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On 29 April 2009 at 17:12
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Student
437 Points Joined November 2008

 Thanks yar its really useful.

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On 01 May 2009 at 19:29


CCI Pro

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