The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area. [More]

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1/25/2009
A Billion Dollars in Phony Profit Will Raise Issues for Your Auditors
When the company is Satyam and the auditor is PriceWaterhouseCoopers it means that folks are getting arrested - in this case, S. Gopalakrishnan and Srinivas Taluri, PWC's Satyam account reps in Hyderabad. All I want to know is, what does Francine think?

-- MDT

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Blogger Francine McKennasaid...
Michael, It's worse than we thought imaginable. PwC partners reportedly admit to taking bribes to cover up the fraud!
http://www.retheauditors.com/2009/01/pwc-and-satyam-another-fine-mess-youve.html
January 27, 2009  
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Satyam Flameout Means More Vigorous Vetting of Offshore Partners
Kroll reps weigh in via the Nearshore Journal.

-- MDT

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all content © Michael D. Thomas 2009