CAs to be punished if found guilty in Satyam: ICAI
Tuesday, February 24, 2009 at 3:02 am
Apex body of chartered accountants, the Institute of Chartered Accountants (ICAI) of India on Monday (February 23) said severe punishment would be meted out to its member-accountants if they are found guilty in the Rs 7,800-crore accounting fraud at Satyam Computer Services.
“If any of the CAs, who is the members of the institute, is found guilty in the auditing, exemplary punishment would be waiting for them,” ICAI President Uttam Prakash Agarwal said. Stating that nothing had come on record so far suggesting the involvement of chartered accountants in the Satyam scam, he said the probe by high power committee of ICAI would find out any lapse on the part of the auditors.
(With inputs from agencies)
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