The Institute of Chartered Accountants of India (ICAI) on Tuesday set up a six-member special committee to look into the auditing of fraud-hit Satyam Computer Services, whose erstwhile founder-chairman B. Ramalinga Raju is now in custody following his â€œconfessionâ€ of having fudged the accounts of the Hyderabad-based IT major.
The committee, headed by ICAI Vice-President Uttam Prakash Aggarwal, has been asked to submit its report on February 11. Four others are ICAI council members S.L. Dogra, Amarjeet Chopra, Subodh Aggarwal and Akshay Gupta, while K.R. Maheshwari, a banker and chartered accountant, is government nominee.