Role of Auditors
PricewaterhouseCoopers was the statutory auditor of Satyam Computer Services when the report of scandal in the account books of SatyamComputer Services was broke out. The Indian arm of PwC was fined $6 million by U.S. Securities and Exchange Commission for not following the code of conduct and auditing standards while pursuing its duties while auditing the accounts of SatyamComputer Services.
Read more about this topic: Satyam Scandal
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