PracticeAccounting FirmsPwC auditors face grilling over Satyam

PwC auditors face grilling over Satyam

PricewaterhouseCoopers auditors held for questioning as Satyam storm rolls on

The Indian authorities have detained two PricewaterhouseCoopers employees
that worked on the auditing of IT outsourcing company Satyam.

The two accountants are currently being questioned by the Indian police over
the scandal in which the chairman, B Ramalinga Raju, confessed to perpetrating a
$1bn fraud.

Andhra Pradesh state police said that the two auditors would be held in
judicial custody until 6 February.

PwC India said in a statement: ‘We greatly regret that two Price Waterhouse
partners have been detained today for further questioning. We do not know the
basis for them being detained.’

The investigation agency alleged last week that the IT giant had claimed
payroll for 53,000 staff when only 13,000 worked for them. However, under
questioning the board of Satyam has reported that the workforce is in fact
53,000 strong.

Andhra Pradesh has said that the arrests were made due to evidence it had
collected from PwC offices in India.

Further reading:

PwC left waiting by Satyam

Related Articles

KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
FRC closes investigation into PwC over Barclays compliance

Accounting Firms FRC closes investigation into PwC over Barclays compliance

2m Alia Shoaib, Reporter
Top 50+50: Firms fall short on diversity

Accounting Firms Top 50+50: Firms fall short on diversity

2m Alia Shoaib, Reporter
PwC’s five strategic priorities for becoming ‘the leading professional services firm’

Accounting Firms PwC’s five strategic priorities for becoming ‘the leading professional services firm’

3m Emma Smith, Managing Editor
PwC publishes 12.8% BAME pay gap

Accounting Firms PwC publishes 12.8% BAME pay gap

3m Emma Smith, Managing Editor
PwC to audit BBC pay policies following gender pay gap outrage

Accounting Firms PwC to audit BBC pay policies following gender pay gap outrage

3m Alia Shoaib, Reporter
PwC to take over from Deloitte as Diploma auditor

Accounting Firms PwC to take over from Deloitte as Diploma auditor

3m Alia Shoaib, Reporter
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

3m Alia Shoaib, Reporter