PwC faces ICAI fire »

Global audit giant PricewaterhouseCoopers (PwC) which audited the accounts of Satyam Computer now faces fire from the country’s apex audit body, the Institute of Chartered Accountants of India (ICAI). ICAI has said it will serve a show-cause notice on PwC by Saturday and ask for a report within 15 days on the auditing it did for Satyam. “Our disciplinary committee will [...]

Satyam was awarded with Golden Peacock Global Award for Excellence in Corporate Governance 2008 »

The Institute of Directors, that had conferred the Golden Peacock Global Award for Excellence in Corporate Governance 2008 upon IT giant Satyam, has stripped off the company of the laurel in view of the “falsification of the books of accounts by Satyam”. “An emergency meeting of Golden Peacock Awards Jury was held on 07th Jan 2009 [...]