New Delhi: Accounting regulator ICAI on Tuesday said it has begun an inquiry against 'key management persons' of global sportswear major Reebok with regard to a fraud unearthed in 2012, but is yet to initiate the inquiry against the company's auditor at that time.
The Institute of Chartered Accountants of India (ICAI) has asked the auditing firm, Narsimhan & Co, to give their version and clarification on allegations about their role in the case and are still awaiting those details.
"We are awaiting information from audit firm of Reebok...we have not started the inquiry," ICAI President Subodh Kumar Agrawal told reporters. However, he said it has initiated inquiry against the "key managerial persons" of the company. In February, ICAI had said it had issued show-cause notice to Reebok India's former Chief Financial Officer Vishnu Bhagat regarding his role in the alleged Rs 870 crore fraud at the company in 2012.
The regulator had asked Bhagat to submit the information by March 31, 2013. The case relates to an FIR by Reebok India alleging fraud by its former Managing Director Subhinder Singh Prem and Bhagat. Both of them have denied the charges. In addition, Agrawal said that ICAI has disposed of all cases related to the Satyam fraud....
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11:18 PM, Jun 04, 2013
New Delhi: The Institute of Chartered Accountants of India (ICAI), one of the largest accounting bodies in the world, has recently declared Chartered Accountant (CA) May 2012 results. The results declared are for Professional Competence and Integrated Professional Competence Examinations held in May, 2012. Candidates can check their results by cicking here: http://www.caresults.nic.in. ...
11:31 AM, Aug 08, 2012
New Delhi: The Institute of Chartered Accountants of India (ICAI), one of the largest accounting bodies in the world, is likely to declare the results of the Chartered Accountants Final examination held in May 2012 and the Common Proficiency Test (CPT) held in June 2012. Though no official confirmation is available from ICAI, the buzz on the Internet seems to indicate that the results would be declared latest by July...
11:26 AM, Jul 18, 2012
