Satyam Scam – New Details Emerge Frequently, PwC Still in Focus

The Satyam Scam appears to be unfolding with news coming out so often that the Economic Times of India has a scroll bar with news marked by the minute. Given that the scandal hinges on non-existent cash on the balance sheet, and the lack of adequate controls and checks and balances on this, statutory auditors PricewaterhouseCoopers appears to be right in the middle of this situation.

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Deloitte Remains Embroiled in Parmalat Saga

Remember Parmalat ? the Italian diary company which plunged into spectacular bankruptcy in 2003 when it collapsed under a huge debt burden of EUR 14 Billion. Since then, the company has restructured and relisted in 2005 in Milan...

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FTI Switches from Ernst to KPMG

Here’s an interesting development of how auditor independence issues can impact firm-client relationships.

FTI Consulting (NYSE: FCN), a premier provider of problem-solving consulting and  technology services to major corporations, financial institutions and law firms, recently announced that it had switched from Ernst and Young to KPMG as its public auditor for 2006....

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