Satyam’s 7 steps to save employees »

I am at shock. Specially because Satyam employees with average salary of 70K per month are sure feeling helpless than I am at this time. Yet at the end of the day I think what can Satyam’s upcoming plan be? to increase the morale of it’s present employees and save them. Here are a few [...]

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 [...]

Wary investors exit PwC clients »

The tremors from the Satyam fraud are now being felt by many other listed companies who have one element in common with the ill-fated software major—the auditor Price Waterhouse Cooper. Since Wednesday morning, when Satyam founder and chairman confessed to having fudged the account books of the company, investors and brokers have become wary of companies [...]