banner_ad

Tainted Price Waterhouse auditor in ICAI committees

852 views 1 replies

Tainted Price Waterhouse auditor in ICAI committees
 

16 Feb 2009, 0444 hrs IST, Sudipta Sengupta, TNN

 

 
 Print   EMail   Discuss  Share  Save  Comment Text:
 
 
HYDERABAD: While Price Waterhouse partner S Gopalakrishnan continues to be in jail for his alleged involvement in the Satyam fraud, the Institute of
Satyam
The Great Fall of Satyam
Satyam: Full Coverage
The crux of the scam in Satyam

 
Chartered Accountants of India (ICAI) has appointed him member of 11 of its 41 non-standing committees for the year 2009-10 .

The appointments were made in the last week after a new president—Uttam Agarwal took over at the ICAI on February 5.

The committees that Gopalakrishnan has been made member of includes one on internal audit standards—which is expected to review the internal audit practices in the country, the expert advisory committee, assurance and auditing standards board—that reviews existing and emerging auditing practices worldwideamong others.

When quizzed Agarwal confirmed to TOI that he had indeed appointed Gopalakrishnan to the committees but argued that “until the charges against Gopalakrishnan are established in the court of law and as long as he continues to be member of ICAI’s , he has to be included in some committees’’ .


Also Read
 → Eight-year ban on Satyam can be reviewed, says World Bank
 → Karnik may continue to head Satyam board, post sell off
 → Satyam bidders will not get to see A/cs before bidding
 → Satyam, LIC in discussion on funding: Official


He asserted that the jailed auditor had not been given the chairmanship of any committee. Several CAs told TOI that Gopalakrishnan’s appointment was not just “disappointing but also unethical’’ .

A senior CA not willing to be named said: “Apart from being under scrutiny for the Satyam fiasco, ICAI itself has pointed fingers of suspicion towards Gopalakrishnan’s involvement in the Global Trust Bank case. At such a time to appoint him member of so many important committees is rather disgraceful.’’ Interestingly the new ICAI chief, who was on Hyderabad on Febraury 6—the day after he was annointed , wanted to visit Chanchalguda jail to call on Gopalkrishnan and Talluri.

“The jail authorities had given me permission but I could not make it eventually ,’’ Agarwal told TOI.
var zz=0;var sldsh=0; var bellyaddiv = '
';sldsh=1; var stindex=100; var stp=150; var taglen=0; var tmp; var tagcheck = new Array("div","span","br","font","a"); var storycontent = document.getElementById("storydiv").innerHTML; var firstpara = storycontent.substring(0,storycontent.toLowerCase().indexOf("

")).toLowerCase(); function findptt(cnt){ zz++; if(zz == 10)return; var xxx=-1,yyy=-1; var ccnt = cnt; for(ii=0; ii < tagcheck.length; ii++){ xxx = ccnt.indexOf("<"+tagcheck[ii]); if(xxx != -1 && xxx < 150){ stp = stp; var tmp1 = ccnt.substring(ccnt.indexOf("<"+tagcheck[ii]),ccnt.length); yyy = tmp1.indexOf(">"); if(yyy != -1){ taglen += yyy; stp = stp + yyy; yyy+=1; } break; taglen = taglen + tagcheck[ii].length + 3; } } if(xxx == -1 || xxx >= 150){ return; }else{ var tmp2 = ccnt.substring(0,xxx); tmp2 += ccnt.substring((yyy+xxx),ccnt.length); findptt(tmp2); } }findptt(firstpara); if(firstpara.length <= taglen + 150){ stp = firstpara.length; } var tmpminus=0;var tmpcon = storycontent.substring(0,stp);if(tmpcon.lastIndexOf("<") < tmpcon.lastIndexOf(">")){}else{ tmpminus = tmpcon.length - tmpcon.lastIndexOf("<");}stp = stp - tmpminus;tmpcon = storycontent.substring(0,stp);stp = tmpcon.lastIndexOf(' ');tmpcon = storycontent.substring(0,stp) + bellyaddiv + storycontent.substring(stp,storycontent.length); if(sldsh == 0 && doweshowbellyad != 1){}else{ document.getElementById("storydiv").innerHTML = tmpcon; }
var hoverlink=''; var wintype1='';var imgid = '4134007';var capt = 'The Great Fall of Satyam
Satyam: Full Coverage
The crux of the scam in Satyam

';var cnt='1'; var ttl='Satyam'; var b1=""; if(cnt > 1){ b1 = '
More Pictures
'; } var b2 = '
'+ ttl +'
'+ capt +'
'; var b3 = '
'+ ttl +'
'+ capt +'
'; if (wintype1!='0') { bellyad.innerHTML = b2 + b1; } else { bellyad.innerHTML = b3 + b1; }

Replies (1)

At least Honoured the "CHARTERED" honour given to the members.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details