PWC NEW DELHI GETS REPRIVE FROM INDIAN COURT
November 1st, 2009
BY RAGHAVENDRA VERMA
THE NEW Delhi branch of Price Waterhouse has received a reprieve from disciplinary proceedings in the billion dollar Satyam Computers scandal in India. Delhi High Court on Wednesday upheld its appeal against the Institute of Chartered Accountants of India (ICAI) for initiating disciplinary proceedings.
The court agreed with the argument that there are six franchises of the international audit firm in India and Price Waterhouse New Delhi has nothing to do with 'PWH, Bangalore', which was the statutory auditor of Satyam. The court had ...
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