PricewaterhouseCoopers LLP

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Indian fraud team 'to probe outsourcing giant Satyam'

AFP South Asian Edition 8 days ago

<div><p>A special fraud team is to investigate the billion-dollar false accounting scandal at Indian outsourcing giant Satyam Computer Services, the government announced Wednesday.</p><p>The Serious Fraud Investigation Office will look into the "entire gamut of the Satyam fraud," a corporate affairs ministry spokesman ...

Price Waterhouse says Satyam audits unreliable

AP News 8 days ago

<div id="subtitle">Price Waterhouse says its Satyam audits relied on company information, could be wrong</div><div><p>Price Waterhouse, auditors of the troubled Indian outsourcing giant Satyam Computer Services Ltd., said Wednesday that its audit reports for the last eight years relied on potentially false data ...

Oscar nominations eve is all-nighter for workers

AP News 8 days ago

<div id="subtitle">Oscar nominations eve is a long, sleepless, top-secret night for film academy workers</div><div><p>If filmmakers and movie stars lose sleep the night before the Academy Award nominations are announced, they are not alone.</p><p>Nearly 100 workers spent a sleepless night ...

Venture capital investments fall 33 percent in 4Q

AP News 8 days ago

<div id="subtitle">Venture investments tumble 33 percent in fourth quarter, but clean energy projects shine</div><div><p>Venture capital investments plunged 33 percent in the fourth quarter, falling to the lowest level in nearly four years as the financiers of new business ideas became more reluctant ...

Indian police arrest two Pricewaterhouse officials: reports

AFP Global Edition 8 days ago

<div><p>Indian police have arrested two senior officials of global accounting firm PricewaterhouseCoopers over fraud-hit Satyam Computer Services, reports said Saturday.</p><p>The Press Trust of India and and other Indian media said the two officials were taken into custody in connection with the billion-dollar ...

India detains 2 accountants for Satyam probe

AP News 8 days ago

<div id="subtitle">Price Waterhouse says Indian police detains 2 workers; answers sought in Satyam fraud</div><div><p>Price Waterhouse India, auditors of the troubled Indian outsourcing giant Satyam Computer Services Ltd., confirmed Saturday that two of its partners have been detained by Indian police.</p><p> ...

2 Price Waterhouse employees arrested in India

AP News 8 days ago

<div id="subtitle">Police in India arrest 2 Price Waterhouse employees in connection with Satyam fraud</div><div><p>Police in India have arrested two employees of Price Waterhouse, the auditors of the troubled Indian outsourcing giant Satyam Computer Services Ltd.</p><p>S. Gopalakrishnan and T. Srinivas ...

Lehman's British arm put into administration

AFP European Edition 9 days ago

<div><p>The British arm of US investment giant Lehman Brothers has been put into administration, accountancy firm PriceWaterhouseCoopers said Monday after the bank announced it was filing for bankruptcy.</p><p>"Because the group managed its funding on a global basis, the UK trading operation found ...

SATYAM'S AUDITOR WAS ASLEEP AT THE SWITCH

BusinessWeek 9 days ago

<div><h1> SATYAM'S AUDITOR WAS ASLEEP AT THE SWITCH </h1><p>Regarding "A Scandal Shakes India's Outsourcers" (News, Jan. 19): How bad can CPA auditors get? For eight years, PricewaterhouseCoopers was the auditor for Satyam Computer Services but didn't notice the $1 billion of cash ...

Porcelain maker Royal Worcester & Spode goes bust

AP News 9 days ago

<div id="subtitle">UK-based porcelain maker Royal Worcester & Spode goes bust, PricewaterhouseCoopers says</div><div><p>Britain-based porcelain maker Royal Worcester &amp; Spode Ltd. has gone into bankruptcy, PricewaterhouseCoopers said Thursday.</p><p>PricewaterhouseCoopers LLP said it had been appointed to administer the company, which manufactures ...

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