BALASUBRAMANYA B N
(CCI STUDENT....)
(44679 Points)
CMA A.K.ROY
(SERVICE)
(188 Points)
Replied 10 February 2009
Information released by ICAI is an eye-wash to divert attention of ICAI failure as so called regulator. After a year we all forget the story again we will heard another Satyam. PWC has been allowed to sign B/S for last six years and it will go on. When ICAI is producing AS in line with FASB/IFRS standards , why it is not proposing Govt to form ACCOUNTING OVERSIGHT BOARD as in USA.
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