PwC Indian audit head resigns over Satyam

PwC Indian audit head resigns over Satyam

Satyam scandal claims a victim at PwC

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.

Further reading:

Read
the Times’ story

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

Professional Services Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine

Accounting Firms Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021

Making Tax Digital Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource