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PwC Indian audit head resigns over Satyam

27 Jan 2009, Kevin Reed, AccountancyAge

http://www.accountancyage.com/aa/news/1771790/pwc-indian-audit-head-resigns-satyam

PricewaterhouseCoopers' Indian audit head has resigned, after two partners were suspended in relation to the Satyam accounting fraud.

Thomas Mathew has stepped down as PwC's Indian audit head due to the issues facing the firm and its staff over its work for Satyam, where its client's chairman admitted to a $1bn fraud. He will remain a partner, according to reports.

The two partners have been suspended by the firm pending the outcome of the investigations.

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