sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« News Headlines »
 5 Simple tips to save income tax at the eleventh hour
 6 fixed income investments to help you save tax under section 80C
 How much tax can you save via tax saving investments, expenditures?
 5 tax saving mistakes millennials need to watch out for Income Tax Saving
 Tax-saving 101 for young earners
 4 important tax benefits of buying a house jointly
 5 best ways to invest and save tax at the last minute Last minute tax saving tips
 Pay your pending advance tax by 15 March
 2018 Tax Extensions: 12 Tips To Save You Money
 5 investment options other than Section 80C to save more Income Tax return filing
 Is it mandatory to link Aadhaar with income tax returns?

After losing Rs 10 lakh, 2 take on PwC
January, 09th 2009

As the truth about Satyam Computers accounting discrepancies emerged, two Mumbai investors shocked at their Rs 10 lakh lossfiled a complaint on  Wednesday with the Serious Fraud Investigation Office (SFIO), New Delhi, seeking an enquiry against PricewaterhouseCoopers (PwC) for the auditing fraud.

Shaunak Sayta and Kunjal Punamiya, Napean Sea Road residents, who jointly owned stocks in the once blue-chip company, lost no time in approaching their lawyer Hitesh Jain to shoot off complaint letters to SFIO, the disciplinary committee at the Institute of Chartered Accountants of India, PwC and two of its partners in Hyderabad. SFIO had been set up in the wake of several stock market scams and vanishing companies in 2003 by the union ministry of corporate affairs to investigate serious corporate frauds.

"The investors are feeling cheated. We came across various lapses and oversight which have been overlooked by PwC and its partners Srinivas Talluri and S Gopalkrishnan in connivance with the management of Satyam Computer Services, while auditing the companys books," the investors said. They said if an inflated cash balance to the tune of Rs 5,040 crore escapes the eye of the auditor, it raises serious questions regarding the involvement of PwC in orchestrating such a huge fraud in connivance with people in management.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Web Application Development Web based Software Solution Web Application Deployment Web Application Solutions Web Application Software Development Web Application Deployment Web Application Programming Web Application Design and Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions