Category: Chartered Accountants

Supreme Court direct Govt to constitute Committee to regulate Multi-National Accounting Firms like PWC

Supreme Court direct Govt to constitute Committee to suggest changes in Law to discipline and regulate Multi-National Accounting Firms like PWC. ABCAUS Case Law Citation: ABCAUS 2221 (2018) (02) SC The petitioner had approached the High Court of Karnataka seeking investigation against Multi-National Accounting Firms (MAFs) and Indian …

CA made co-accused for preparing false projected financials for bank loan, High Court declines to interfere

CA made co-accused for preparing false projected financials for bank loan, High Court declines to interfere in criminal prosecution though CA was absolved by Disciplinary committee of ICAI   ABCAUS Case Law Citation: ABCAUS 2058 (2017) (09) HC The Issue: Whether the exoneration of the Chartered Accountant (CA) …

Chartered Accountant held guilty of misconduct not detecting fraud in bank concurrent audit with penalty of severe reprimand – Delhi High Court

CA held guilty of misconduct not detecting fraud in bank concurrent audit, served with penalty of severe reprimand – Delhi High Court ABCAUS Case Law Citation: 983 2016 (08) HC Date/Month of Judgment: August 2016 The indictment: It was alleged by the bank that the respondents chartered accountant had …

CA Firms Empanelment for CBI Forensic Audit. Applications last date is within one week’s time-ICAI Announcement dated 10/05/2016

CA Firms Empanelment for CBI Forensic Audit. Applications last date is within one week’s time-ICAI Announcement dated 10/05/2016 Central Bureau of Investigation (CBI) has sought the help of the Institute of Chartered Accountants of India for investigation of important Forensic Audit assignments. Chartered Accountants firms having prior sufficient …