Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>The Supreme Court took serious note of alleged illegal operations of multi-national accounting firms (MAFs) in India in collaboration with Indian charted accountancy firms (ICAFs) and asked the Centre on Friday to examine steps to rein them in.<br /><br />&quot;The Union of India may constitute a three-member committee of experts to look into the question whether, and to what extent, the statutory framework to enforce the letter and spirit of Sections 25 and 29 of Chartered Accountants Act and the statutory code of conduct for CAs requires revisit so as to appropriately discipline and regulate MAFs,&quot; a bench of Justices Adarsh Kumar Goel and Uday Umesh Lalit ordered. <br /><br />Petitioner S Kumar and NGO Centre for Public Interest Litigation had alleged that MAFs, operating illegally in India in contravention of the CA Act and providing accounting, auditing, book keeping and taxation services, were found indulging in falsification of accounts leading to major scams like the one involving Satyam Computers. <br /><br />The NGO, while seconding Kumar's allegations, had alleged: &quot;PricewaterhouseCoopers Private Ltd and their network audit firms operating in India... have indulged in violation of FDI policy, RBI Act and FEMA, which requires investigation.&quot; <br /><br />Taking note of the facts, the bench said: &quot;The ED may complete the pending investigation within three months. In the present context... it may prima facie appear there is violation of statutory provisions and policy framework.&quot;<br /><br />Please <a href="https://timesofindia.indiatimes.com/india/sc-asks-centre-to-curb-illegal-operations-of-multinational-auditors/articleshow/63050804.cms" title="https://timesofindia.indiatimes.com/india/sc-asks-centre-to-curb-illegal-operations-of-multinational-auditors/articleshow/63050804.cms">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>The Supreme Court took serious note of alleged illegal operations of multi-national accounting firms (MAFs) in India in collaboration with Indian charted accountancy firms (ICAFs) and asked the Centre on Friday to examine steps to rein them in.<br /><br />&quot;The Union of India may constitute a three-member committee of experts to look into the question whether, and to what extent, the statutory framework to enforce the letter and spirit of Sections 25 and 29 of Chartered Accountants Act and the statutory code of conduct for CAs requires revisit so as to appropriately discipline and regulate MAFs,&quot; a bench of Justices Adarsh Kumar Goel and Uday Umesh Lalit ordered. <br /><br />Petitioner S Kumar and NGO Centre for Public Interest Litigation had alleged that MAFs, operating illegally in India in contravention of the CA Act and providing accounting, auditing, book keeping and taxation services, were found indulging in falsification of accounts leading to major scams like the one involving Satyam Computers. <br /><br />The NGO, while seconding Kumar's allegations, had alleged: &quot;PricewaterhouseCoopers Private Ltd and their network audit firms operating in India... have indulged in violation of FDI policy, RBI Act and FEMA, which requires investigation.&quot; <br /><br />Taking note of the facts, the bench said: &quot;The ED may complete the pending investigation within three months. In the present context... it may prima facie appear there is violation of statutory provisions and policy framework.&quot;<br /><br />Please <a href="https://timesofindia.indiatimes.com/india/sc-asks-centre-to-curb-illegal-operations-of-multinational-auditors/articleshow/63050804.cms" title="https://timesofindia.indiatimes.com/india/sc-asks-centre-to-curb-illegal-operations-of-multinational-auditors/articleshow/63050804.cms">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>The Supreme Court took serious note of alleged illegal operations of multi-national accounting firms (MAFs) in India in collaboration with Indian charted accountancy firms (ICAFs) and asked the Centre on Friday to examine steps to rein them in.<br /><br />&quot;The Union of India may constitute a three-member committee of experts to look into the question whether, and to what extent, the statutory framework to enforce the letter and spirit of Sections 25 and 29 of Chartered Accountants Act and the statutory code of conduct for CAs requires revisit so as to appropriately discipline and regulate MAFs,&quot; a bench of Justices Adarsh Kumar Goel and Uday Umesh Lalit ordered. <br /><br />Petitioner S Kumar and NGO Centre for Public Interest Litigation had alleged that MAFs, operating illegally in India in contravention of the CA Act and providing accounting, auditing, book keeping and taxation services, were found indulging in falsification of accounts leading to major scams like the one involving Satyam Computers. <br /><br />The NGO, while seconding Kumar's allegations, had alleged: &quot;PricewaterhouseCoopers Private Ltd and their network audit firms operating in India... have indulged in violation of FDI policy, RBI Act and FEMA, which requires investigation.&quot; <br /><br />Taking note of the facts, the bench said: &quot;The ED may complete the pending investigation within three months. In the present context... it may prima facie appear there is violation of statutory provisions and policy framework.&quot;<br /><br />Please <a href="https://timesofindia.indiatimes.com/india/sc-asks-centre-to-curb-illegal-operations-of-multinational-auditors/articleshow/63050804.cms" title="https://timesofindia.indiatimes.com/india/sc-asks-centre-to-curb-illegal-operations-of-multinational-auditors/articleshow/63050804.cms">click here</a> to read more. <br /></div>                                                           
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Home हिन्दी

SC asks Centre to curb illegal operations of multinational auditors -Dhananjay Mahapatra

Published on Feb 24, 2018   Modified on Feb 24, 2018

-The Times of India NEW DELHI: The Supreme Court took serious note of alleged illegal operations of multi-national accounting firms (MAFs) in India in collaboration with Indian charted accountancy firms (ICAFs) and asked the Centre on Friday to examine steps to rein them in. "The Union of India may constitute a three-member committee of experts to look into the question whether, and to what extent, the statutory framework to enforce the letter and spirit of Sections 25 and 29 of Chartered Accountants Act and the statutory code of conduct for CAs requires revisit so as to appropriately discipline and regulate MAFs," a bench of Justices Adarsh Kumar Goel and Uday Umesh Lalit ordered. Petitioner S Kumar and NGO Centre for Public Interest Litigation had alleged that MAFs, operating illegally in India in contravention of the CA Act and providing accounting, auditing, book keeping and taxation services, were found indulging in falsification of accounts leading to major scams like the one involving Satyam Computers. The NGO, while seconding Kumar's allegations, had alleged: "PricewaterhouseCoopers Private Ltd and their network audit firms operating in India... have indulged in violation of FDI policy, RBI Act and FEMA, which requires investigation." Taking note of the facts, the bench said: "The ED may complete the pending investigation within three months. In the present context... it may prima facie appear there is violation of statutory provisions and policy framework." Please click here to read more.

The Times of India, 24 February, 2018, https://timesofindia.indiatimes.com/india/sc-asks-centre-to-curb-illegal-operations-of-multinational-auditors/articleshow/63050804.cms

Tagged with: Indian charted accountancy firms (ICAFs) multi-national accounting firms (MAFs) Chartered Accountants Act centre for public interest litigation Supreme Court

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