We have blogged earlier about PricewaterhouseCoopers, the official auditors of Satyam, the Indian IT firm, scalded by the scam perpetrated by its Chairman Ramalinga Raju. Since then, Satyam has been bought by Tech Mahindra and Deloitte has been hired as the new statutory auditors. All this has happened in a space of one year, with Ramalinga Raju being arrested on January 9, 2009, he is reportedly in the hospital now, though his brother and the Satyam CFO and other key officials are still imprisoned...
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1 comment:
I somehow wonder how is PwC able to maintain its no.1 position even afetr such a big fraud...
everyone was expecting PwC to become another Arthur Anderson but nothing happened...
But then the news that the clients have startd shifting from Big4 to other accounting firms... Was this news true???
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