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satyam case sent by Ms. Surbhi Bansal.

CA Final 1376 views 8 replies

 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)

 
 
 
 
 
 
 
 

Replies (8)

 

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)

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

Thanx Vidya for sharing

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

 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

`Hi sri vidya ji tanx. have a nice day
 

 

thks for sharing

 Thanks yar its really useful.


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