Posted Thursday 15th January 2009 17:16 GMT
Surely the only thing worth a damn that PWC can offer to whoever gets to sort out the Satyam mess is a huge apology followed by a partial or complete refund for their utter failure to enforce what one would assume is due diligence when auditing company accounts?
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Posted Friday 16th January 2009 10:15 GMT
KPMG is not registered with the ICAI (Institute of CAs of India) and hence not authorised to audit Satyam. They have since issued a press release saying that the task of restatement of financial statements does not amount to an audit and the scope of work involved does not require ICAI registration.
@BLoad - the point you make (if any) is not clear from re-reading your post. Please translate to English.
Posted Friday 16th January 2009 10:32 GMT
Glad to see the Indian government telling Satyam to go to hell. I think they're quite right. The only way to save any sort of integrity in the Indian outsourcing market is to let the corrupt basket-case Satyam die. I applaud the line they are taking.
Posted Friday 16th January 2009 11:28 GMT
Take PricewaterhouseCoopers to the cleaners. Useless a-holes. Makes any accounts certified by them not worth the paper they're written on. Maybe they should outsource to India?
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