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The government is likely to examine a proposal to mandate listed companies to appoint more than one audit firm in the wake of the Satyam accounting fraud which has adversely affected the image of Corporate India. In addition, stock market regulator
Quoting absence of any reciprocal arrangement, he said as Indian auditing firms are not recognised to take up work abroad, India also does not give recognition to foreign firms for doing auditing work in the country. But Deloitte was registered and
PricewaterhouseCoopers, auditors of the troubled outsourcing giant Satyam Computer Services Ltd, said Wednesday that its audit reports for the last eight years relied on potentially false data provided by the company and should be disregarded. "Our
A ndhra Pradesh Police on Tuesday conducted searches at the office of PricewaterhouseCoopers (PwC), the firm that audited the accounts of defamed Satyam Computer, in Hyderabad. The personnel of CB-CID, investigating the financial fraud of Satyam
Police on Tuesday searched the offices of PricewaterhouseCoopers, the auditors of the troubled outsourcing giant Satyam Computers, whose founder last week admitted to doctoring the company's accounts for years, an official said. Satyam's
The Reserve Bank may ask banks to be more cautious in their dealings with PricewaterhouseCoopers, the statutory auditor of scam-tainted Satyam Computer. "It is quite natural that the Reserve Bank may ask banks to be more cautious in their dealings
The team will look into the details of the issue," a senior Sebi official said. The Sebi team is also believed to have visited the Hyderabad office of PriceWaterhouse-Coopers (PwC), the auditor of India's fourth largest outsourcing firm, sources said.