ICAI issues notice to Reebok's former executive Vishnu Bhagat

Last Updated: Tuesday, February 12, 2013, 23:03

Accounting regulator ICAI on Tuesday said it has issued show-cause notice to Reebok India's former Chief Financial Officer Vishnu Bhagat regarding alleged fraud at the sportswear maker.

ICAI, RBI to soon discuss accounting standards for banking cos

Last Updated: Tuesday, February 12, 2013, 21:08

Accounting regulator ICAI will soon hold discussions with the Reserve Bank of India on implementation of IFRS standards by banking companies.

Move regulators on misconduct by professionals: FinMin to banks

Last Updated: Monday, August 20, 2012, 18:55

The Finance Ministry has asked state-owned banks and insurance companies to take up the issue of misconduct by professionals like advocates and chartered accountants with their regulating bodies like ICAI.

ICAI yet to decide on action against MNC accounting cos: Govt

Last Updated: Thursday, August 16, 2012, 22:10

Accounting regulator ICAI has reported alleged violation of various laws by multinational accounting firms having arrangements with domestic companies, but is yet to take any action against them.

'ICAI to decide on punishment to ex-PW employees in next meet'

Last Updated: Monday, March 26, 2012, 21:14

The audit of Satyam was appointed in the name of Price Waterhouse, Bangalore.

ICAI bars tainted Satyam ex-CFO, PW auditor from practice

Last Updated: Monday, February 13, 2012, 22:00

Accounting regulator ICAI on Monday barred the ex-CFO of the erstwhile Satyam Computer Services, Srinivas Talluri, and former Pricewaterhouse auditor Vadlamani Srinivas from practice for life, while slapping a Rs 5 lakh penalty on them over the Rs 14,000 crore fraud at the IT firm.

Double home loan repayment exemption limit to Rs 3 lakh: ICAI

Last Updated: Sunday, January 29, 2012, 16:00

ICAI has asked the Finance Ministry to double the tax exemption limit on loan repayment to Rs 3 lakh.

India must have independent regulator for auditors: PwC

Last Updated: Friday, January 27, 2012, 16:33

Supporting the capital market regulator Sebi's proposal for an independent auditing regulator in India, global auditing and consultancy major PwC has said there is an urgent need to have a strong and powerful watchdog for this business.

ICAI proposes branch-level audit for private sector banks

Last Updated: Sunday, December 25, 2011, 15:30

The RBI is understood to have contemplated doing away with the branch audit system for banks that have opted for core banking solutions.

Action against ex-CFO in Satyam case within a week: ICAI

Last Updated: Friday, December 23, 2011, 21:39

Accounting regulator ICAI on Friday said it will decided the case concerning former CFO of Satyam Computer in the Rs 14,000-crore accounting scam within a week.

Cos to gain from ICAI's proposed norms on forex derivatives

Last Updated: Friday, December 23, 2011, 21:17

In what could be a major relief to India Inc, the accounting regulator ICAI has recommended that companies be allowed to account for losses arising from foreign exchange derivative trade over several years.

Satyam scam: ICAI bars 2 CAs, slaps Rs 5 lakh penalty

Last Updated: Wednesday, December 7, 2011, 00:21

Accounting regulator ICAI has barred two Lovelock & Lewes auditors from practice for life and slapped a penalty of Rs 5 lakh each on them for their role in the Rs 14,000-crore Satyam accounting scam.