Pricewaterhouse Coopers

  • Akhilesh Yadav orders audit of government departments July 22, 2014

    Uttar Pradesh Chief Minister Akhilesh Yadav has ordered internal auditing of all the government departments, an official said on Tuesday. The auditing would not only enable financial discipline but would also help in fixing the responsibilities, a spokesman said. A proposal to initiate the internal auditing process was approved by the state...
  • US Internet ad revenue hit record high in 2010 April 14, 2011

    New York: US Internet advertising revenue hit a record $26 billion in 2010, boosted by the popularity of online videos and social media. A PricewaterhouseCoopers report commissioned by the Interactive Advertising Bureau found that last year's ad revenue grew 15 per cent from 2009. The previous record was in 2008, when...
  • Forbes India: PwC messed up big time, says Karnik July 18, 2009

    Kiran Karnik was called to head Satyam in its most difficult time after the big scandal. Having led the company out of the crisis, Karnik is ready to take a bow and leave. Forbes India asks him about the very unusual stint Name: Kiran Karnik Age: 62 Last Stint: Satyam’s chairman during the...
  • CBI moves court for lie detector test on Rajus March 25, 2009

    Hyderabad: The CBI on Tuesday approached the special court in Hyderabad for conducting a lie detector and other scientific tests on Satyam's former chairman B Ramalinga Raju and two others. In its plea before the XIV Additional Chief Metropolitan Magistrate here, the CBI said it...
  • Indian CEOs continue to remain optimistic: PwC March 17, 2009

    New Delhi: Confidence level of business leaders have plunged to its lowest level since 2003. But Indian CEOs are still optimistic with 70 per cent of them having a bullish outlook for the short-term as well as long-term growth, says global consultancy firm PricewaterhouseCoopers. “As CEOs watched the damage spread,...
  • SEBI sends notice to ex-auditors of Satyam March 7, 2009

    Mumbai: Market regulator SEBI has sent a show cause notice to Price Waterhouse, which audited the scam-tainted Satyam Computer's accounts, under regulations dealing with fraudulent and unfair trade. According to sources, the market regulator has sent the notice to PW under the Fraudulent and Unfair Trade...
  • Post-Satyam scam, PWC to set up advisory board March 5, 2009

    Chennai:,/b> Global audit firm PricewaterhouseCoopers (PwC) is cleaning up its Indian stables in the wake of the accounting scandal in Satyam Computer Services. According to a statement by the firm, an advisory board is being set up to provide guidance to the PwC leadership on its strategy and actions. "This board will...
  • Satyam's auditors PWC in more trouble over GT Bank a/c February 10, 2009

    New Delhi: Already under the scanner in the Satyam scam, more trouble awaits auditors Pricewaterhouse Coopers (PWC). The Institute of Chartered Accountants of India (ICAI) has found two partners of PWC being involved in professional misconduct in yet another case. The findings of the disciplinary committee is in connection with the Global...
  • Govt to probe 325 companies related to Satyam February 6, 2009

    New Delhi: The Union Corporate Affairs Minister PC Gupta has said that Serious Fraud Investigation Office (SFIO) will be investigating up to 325 companies related to Satyam and 25 individuals. This is beside of the 150 companies already under scrutiny. Gupta also said that PricewaterhouseCoopers, Bangalore will also be investigated by...
  • Satyam has money for Feb salaries: sources February 4, 2009

    New Delhi: Satyam employees can breathe easy, at least for this month. Sources say the scam-hit company has enough money to pay salaries for the month of February. Sources added that Satyam employees in India will be paid salaries by the month-end while employees abroad will be paid in two installments...
  • PwC auditors held, to be produced in court January 24, 2009

    New Delhi: The Andhra Pradesh police on Saturday arrested two top officials of auditing firm PricewaterhouseCoopers who worked on the Satyam account, in connection with the financial fraud disclosed by the IT firm's founder Ramalinga Raju. The state CID arrested PwC's Chief Relationship Partner S Gopalakrishnan and Engagement Leader Srinivas Taluri. Both...
  • Satyam audits were inaccurate: Pricewaterhouse January 14, 2009

    New Delhi: A day after PricewaterhouseCoopers office in Hyderabad was searched by the Crime Department of the Andhra Pradesh Police for any information at all on transactions with Satyam, the troubled auditor firm came with a statement that surprised many. It said: "Our opinions on the financial statement (Of Satyam) may...
  • Don't rely on our Satyam audit: PricewaterhouseCoopers January 14, 2009

    New Delhi: In a curious twist to the Satyam Computer Services fraud, its erstwhile auditors PricewaterhouseCoopers have said their opinion on the financials of the beleaguered company may be rendered "inaccurate and unreliable". In a letter to the new board of Satyam, the audit firm said the statement by the former...
  • Bringing Satyam auditor PwC to book may not be easy January 9, 2009

    New Delhi: Satyam chairman Ramalinga Raju's letter incriminating himself of fraud and tainting the auditors with negligence or worse has been enough for Securities and Exchange Board of India (SEBI) to spring into action, but the Institute of Chartered Accountants of India (ICAI) says it cannot direct the auditors...
  • Entertainment industry shows 17 per cent growth March 26, 2008

    Mumbai: The Indian film industry is booming but now there are finally some figures to prove it. The Annual FICCI Frames meet kick-started in Mumbai on Tuesday with the annual growth report on the entertainment industry’s performance. The report, produced by Price-Waterhouse-Cooper threw up some interesting figures including the fact that...