Investors raise questions over PwC Satyam audit
Furious Indian investors are demanding to know how PricewaterhouseCoopers (PwC), one of the world’s largest accountancy firms, missed a systematic £1 billion fraud at Satyam, the IT outsourcing giant, for as long as seven years.
In contrast, Merrill Lynch, the US bank, became aware of the deception in just ten days.
PwC’s role in “India’s Enron”...
by Knowledge Seeker at January 9th, 2009 at 04:01 pm