stopped Institute of Chartered Accountants of India (ICAI) from appointing him member of 11 of its 41 non-standing committees for the year 2009-10. The appointments were made last week after a new president - Uttam Agarwal - took over on February 5.
The committees to which Gopalakrishnan has been appointed include that on internal audit standards - which reviews internal audit practices in the country -- the expert advisory committee, and the assurance and auditing standards board, that reviews existing and emerging auditing practices worldwide, among others.
Agarwal confirmed to TOI that he had indeed appointed Gopalakrishnan to the committees but argued that "until the charges against Gopalakrishnan are not established in the court of law and as long as he continues to be member of the central council of ICAI, he has to be included in some committees." He asserted that the jailed auditor had not been given the chairmanship of any committee.
Several chartered accountants told TOI that Gopalakrishnan's appointment was not just "disappointing but also unethical". A senior CA 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. To then 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 took over - 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.
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Tainted PW auditor appointed to 11 ICAI committees
ICAI chief has come out with the GTB probe on 2nd day of taking the charge and witnin one month of satyam blast. His predecessors can not do in 6 years. Is it believable? ICAI council members are there not for growth of profession but for growing their own business. Why ICAI has not yet approach Govt/MCA to remove Mr G. Gopalkrishnan in the interest of the profession. Let somebody sign a manipulated B/S- if not caught its fine and if caught ICAI is there to safeguard the members/tainted auditors.
Dear and respected sir
I post the news not for fun –if you enjoy good news then you should tolerate some bitter news also –am agree with CMA –A.K ROY
I am sorry shailesh but I must say here we should not make comments against the regulators. Furhter the ICAI chief has made it clear that he is not appointed as chairman of any of the committee and further I think it will not be possible for him to attend any of the meeting of the committes in which he got a place then what is harm in taking him in the committees? Why don't you understand that every body has to follow the system and everthing has been explained by the ICAI chief then I think we should keep a reasonable calm in the comments. It is my suggestion only and in any way it is not a direction to anybody. I think that the ICAI chief has not appointed him on his own will but has to appoint him under certian compulsions and these compulsions has been mentioned in your news itself.
Since you have said that you are agree with CMA - AK ROY and in the same I am disagree with you !!!!! Let the other members to decide and if they want to comment on this news then we should see thier comments also and agreeing with the same or not is the personal choice on which both of us should not comment.
My personal opinion it that we should keep a restriction on ourselves and not make any comments against the regulators.
| Originally posted by :shailesh agarwal | ||
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I guess this is a very serious matter concerning all the CA fraternity and cant not be discussed..again and again. I dont see any harm in questioning the actions of the regulator because if there are special situations like Satyam, then even the regulator needs to relook at the policies governing the profession and leadership of the profession. And afterall, its the entire CA fraternity which is getting affected due to this saga, then why shouldnt we all discuss and tell the regulator about the public opinion. Laws are never made for eternity, they change with changing times. Though am not sure what rules bind ICAI to appoint a tainted member on committees and not take a special exception, still if there are certain rules, then they better change. Hasnt the SEBI and CLB taken special decisions in Satyma case? You would appreciate that a vast number of our CA brothers are practising and such steps by the institute is damaging the reputation of the CA profession in the eyes of corporate sector as well as individuals. I dont think its a right step to appoint the said member on the committees. Rather than staying silent we all should be asking why the GTB case (where this said member is party) has not been resolved yet. Its not coincidence or is it? cant we all see the corelations. sailesh, keep your voice on. Mr Halakhandi, if you differ from my views, please comment.
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