ICAI panel to visit Satyam

Institute of Chartered Accountants of India, is now preparing its final report on the Satyam case after having submitted its preliminary report to the Ministry of Corporate Affairs, Agarwal told reporters on the sidelines of the 41st regional conference ‘Jnana Yagna’ here.

The Satyam case investigation is a priority for us. The report by the disciplinary committee would also be submitted to the Ministry of Corporate Affairs for necessary action against the auditors.
ICAI has now asked all its members to look for external evidence before certifying the accounting statements of companies to ensure that similar incidents do not occur.