Price Waterhouse banned from Indian Audits

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Source: bbc.co.uk 12 January 2018

“PwC’s Indian unit has been banned from auditing listed companies for two years, over one of the country’s biggest corporate scandals.

Price Waterhouse was auditor for Satyam computers when company owner Ramalinga Raju admitted to inflating earnings.

The ban by Indian market regulator the Securities and Exchange Board (Sebi) will come into effect on 31 March.

Price Waterhouse has said that it will appeal the decision in court.”

Source article here

 

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