Friday, September 21, 2018
facebook

google plus
Business

Posted at: Jan 12, 2018, 12:59 AM; last updated: Jan 12, 2018, 12:59 AM (IST)

Satyam: PW denies any wrongdoing

New Delhi: Price Waterhouse (PW) on Thursday said there has been no intentional wrongdoing by its firms in the Satyam case and expressed confidence of getting a stay on the SEBI order. The audit major also said it has learnt the lessons from Satyam case and invested heavily over the past nine years in building a robust audit practice. Finding PW guilty in the Satyam scam, SEBI has barred its entities from issuing audit certificates to any listed company in India for two years. Besides, SEBI has ordered disgorgement of over Rs 13 crore wrongful gains by the audit major and its two erstwhile partners. PTI

COMMENTS

All readers are invited to post comments responsibly. Any messages with foul language or inciting hatred will be deleted. Comments with all capital letters will also be deleted. Readers are encouraged to flag the comments they feel are inappropriate.
The views expressed in the Comments section are of the individuals writing the post. The Tribune does not endorse or support the views in these posts in any manner.
Share On