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Page 2 - Satyam Scam

Satyam scam: SAT refuses to lift Sebi's two-year ban on Price Waterhouse

Says Price Waterhouse could continue to service existing clients whose financial year started on January 1 2018

Satyam scam: SAT refuses to lift Sebi's two-year ban on Price Waterhouse
Updated On : 19 Jan 2018 | 2:21 PM IST

ICAI punishes Satyam auditors, but can't initiate action against CA firms

As per Sebi's 108-page order, the two erstwhile members have also been restrained from issuing any certificate of audit of listed companies, among others, for three years

ICAI punishes Satyam auditors, but can't initiate action against CA firms
Updated On : 13 Jan 2018 | 1:42 AM IST

Sebi curb: Price Waterhouse set to lose 75 listed firms to rivals

PW was the statutory auditor for 85 listed firms in 2016-17, and these firms spent Rs 1 billion on audit expenses during the year

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Updated On : 12 Jan 2018 | 3:52 AM IST

Ministry of Corporate Affairs to review Sebi's Price Waterhouse order

On Wednesday, Sebi barred Price Waterhouse's network entities from issuing audit certificates to any listed firm in India for two years

Ministry of Corporate Affairs to review Sebi's Price Waterhouse order
Updated On : 12 Jan 2018 | 1:04 AM IST

Lessons from Satyam

The manner in which the firm was wound down is the only lesson worth preserving

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Updated On : 11 Jan 2018 | 10:40 PM IST

Price Waterhouse ban: Scores of listed firms to soon search for auditors

Currently, PW network firms carry out auditing activities for about 75 listed companies, an official in the know said

Price Waterhouse ban: Scores of listed firms to soon search for auditors
Updated On : 11 Jan 2018 | 8:36 PM IST

No intentional wrongdoing in Satyam fraud case, says Price Waterhouse

We have learnt the lessons from Satyam case and invested heavily over the last nine years in building a robust and high quality audit practice, says Price Waterhouse

No intentional wrongdoing in Satyam fraud case, says Price Waterhouse
Updated On : 11 Jan 2018 | 8:28 PM IST

Sebi bans Price Waterhouse in Satyam case: All you need to know

Price Waterhouse was Satyam's auditor during the period in which the fraud was perpetrated

Sebi bans Price Waterhouse in Satyam case: All you need to know
Updated On : 11 Jan 2018 | 12:29 PM IST

SC notice to Satyam accused on CBI plea to cancel bail

A Bench of justices P Sathasivam and BS Chauhan issued notices to Gopalakrishnan and Gupta directing them to file their replies by April 13.

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Updated On : 11 Jan 2018 | 10:24 AM IST

Lunch with BS: C B Bhave

The former Sebi chief explains why he didn’t expect an extension and outlines his retirement agenda.

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Updated On : 11 Jan 2018 | 10:24 AM IST

SEC settlement in best interests of shareholders: Satyam

The US regulators yesterday fined the software firm and its auditors PriceWaterhouse up to $17.5 million for the accounts manipulation that went undetected for several years

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Updated On : 11 Jan 2018 | 10:24 AM IST

No intentional wrongdoing in Satyam case: PW

PW India was commenting on the orders of the US Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB)

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Updated On : 11 Jan 2018 | 10:23 AM IST

Mahindra Satyam reaches settlement with SEC

Mahindra Satyam, the brand identity of Satyam Computer Services Limited, announced that it had reached a settlement with the United States Securities and Exchange Commission (SEC), “without admitting or denying allegations of any wrongdoing,” which concludes the SEC’s investigation of accounting issues pertaining to the company.

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Updated On : 11 Jan 2018 | 10:23 AM IST

SC orders status quo on Rs 617-cr tax demand from Satyam

The Supreme Court today directed the Central Board of Direct Taxes (CBDT) to maintain status quo over its demand of Rs 617 crore in income tax from the scam-hit Satyam Computers till Friday. It also asked CBDT to work out Satyam’s actual liability.

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Updated On : 11 Jan 2018 | 10:23 AM IST

Satyam yet to get RBI nod for fund transfer to settle US suits

The RBI has to approve of the fund transfer as it involves huge foreign exchange, the official added.

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Updated On : 11 Jan 2018 | 10:23 AM IST

A brand for himself

The man once known as Joint Venture Modi readies for another innings. Bhupesh Bhandari finds out how B K Modi is putting his Spice Telecom windfall to use.

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Updated On : 11 Jan 2018 | 10:22 AM IST

Satyam to resubmit appeal to CBDT

After being criticised by the Supreme Court for ‘showing arrogance’ in its letter, Mahindra Satyam, the brand identity of Satyam Computer Services Ltd, will refile its appeal to the Central Board of Direct Taxes (CBDT) on Friday with regard to the disputed Rs 617-crore income tax demand.

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Updated On : 11 Jan 2018 | 10:22 AM IST

Satyam's tax appeal

Disposing the appeal filed by Mahindra Satyam against a Rs 617-crore income tax demand made on it, the Supreme Court today directed the company to furnish a bank guarantee for the entire amount by April 25 before the court registrar.

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Updated On : 11 Jan 2018 | 10:21 AM IST

Lunch with BS: Vineet Nayyar

With TechM and Satyam now in ‘honeymoon phase’, the spry former civil servant talks about Raju and life after IT.

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Updated On : 11 Jan 2018 | 10:20 AM IST

Sebi to have own forensic lab to check financial frauds

the market watchdog would also seek help from outside professionals, use latest technology software tools and put in place its own 'investigation laboratory'

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Updated On : 11 Jan 2018 | 10:20 AM IST