Satyam Publishes Financials, India Seeks Auditor Liability – Impacts on Big Four

by Susan Black, Big4.com

We have blogged extensively about the fraud at Satyam Computers, when it was exposed by a letter from its erstwhile Chairman Ramalinga Raju on January 7, 2009, and shocked investors all over the world....

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Viking Drama: Glitnir Bank Sues PwC for Malpractice and Negligence

It’s not just volcanic ash that comes out of Iceland.

We see today a large $2 billion lawsuit filed by one of Iceland’s largest banks, now defunct, naming PricewaterhouseCoopers as one of the defendants.

Glitnir Bank (we see in Wikipedia that Glitnir is the hall of Forseti, the Norse god of law and justice, and the seat of justice amongst gods and men), filed today a legal claim against Jon Asgeir Johannesson and also PwC for malpractice and negligence in the Supreme Court of the State of New York...

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Scammers Attack PricewaterhouseCoopers and Deloitte

It appears that scam artists have latched on to Big Four firms.

At this time, we see that PricewaterhouseCoopers and Deloitte are the victims of two publicly known attacks....

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