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Govt disbands Satyam Board

New Delhi: The government on Friday disbanded the current board of troubled IT company Satyam and would nominate 10 directors to the board. "The current Board ceases to exist and there would not be any meeting tomorrow," Corporate Affairs Minister Prem Chand Gupta said. "The Centre is considering appoint  ....Read more

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why not suspend licence of PwC,By: praveer shukla | Friday , 9 Jan '09 20:44:25 PM Reply | Forward Government has suspended board but in case of auditors firm they would wait for enquiry. Didn't the reputation of Auditors took a big blow after this case. Auditors certification makes the annual accounts acceptable and believable.There must be more strict procedures and laws for auditing firms and such auditors must not be permitted to function till their name is cleared by the enquiry.In this particular case since this manipulation was going on for many years Auditing firm simply become a suspect on first sight and how can we accept a certificate of a suspected firm.
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