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Pricewaterhouse provided Satyam wrong PAN

Anurag Bhullar


It has been found that Satyam’s auditor, PwC handed over an incorrect PAN to the company. The information was confirmed by ICAI. The authority also said that a ‘disciplinary action’ might soon come up against the auditors; which can involve license cancellation.


However, a fresh case cannot be filed immediately as the proceedings of the previous one are already occurring.


Also, ICAI is preparing for issuing notices to Ramakrishna P, Talluri Srinivas and S Gopalakrishnan for partnering with PwC, when they already are partners with Lovelock & Lewes (this was acquired by PwC a decade back). Though the employees of the latter are considered to be part of PwC but the acquired firm operated under a different PAN.

 
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