Monday, December 15, 2014

ICAI terminates membership of Satyam auditors

The Institute of Chartered Accountants of India (ICAI) has terminated the membership of the auditors, internal auditors & accountants of Satyam Computer Services for whole life. The institute has also imposed a fine of Rs 5 lakh on each of them. This is maximum punishment the ICAI can award for such misconducts.

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