Comments on: Satyam: What We Know, What I Think, My Predictions

By: re: The Auditors » Blog Archive » Dear PCAOB Board: Your Job Is To Serve And Protect Investors

Mon, 17 Jan 2011 01:26:05 +0000

[...] brings me back to the PCAOB inspection report of Indian firms from March 2008? Will there ever be a regulatory reaction to the Satyam fraud and the role of [...]

By: re: The Auditors » Blog Archive » Auditors Say Jump… New “Appeals” Process Will Impede Timely PCAOB Inspection Reports

Wed, 11 Aug 2010 15:04:44 +0000

[...] since the PCAOB admittedly visited India to conduct inspections of registered firms. There were reports at the time the Satyam scandal broke that said Satyam was one of the Price Waterhouse India engagements reviewed [...]

By: re: The Auditors » Blog Archive » PwC “Restructures” Indian Consulting Business: Will It Be Enough To Preserve US and UK Interests?

Mon, 12 Jul 2010 18:07:56 +0000

[...] three days after the CEO of Price Waterhouse India’s client Satyam admitted to a massive fraud, I predicted the following: “PwC Global will pull a PwC Japan and reorganize Pricewaterhouse & Co out of [...]

By: re: The Auditors » Blog Archive » McKenna Quoted In The Guardian

re: The Auditors » Blog Archive » McKenna Quoted In The Guardian — Sun, 26 Jul 2009 01:46:49 +0000

[...] the link to my posts on PwC/Satyam, go here, here, here, here, here, here, here, here, here, [...]

By: re: The Auditors » Blog Archive » Dreaming Of India: PwC and Satyam

re: The Auditors » Blog Archive » Dreaming Of India: PwC and Satyam — Fri, 17 Jul 2009 05:47:05 +0000

[...] heading down the Misuzu, formerly ChuoAoyama Pricewaterhouse/PricewaterhouseCoopers Aarata path I predicted when the scandal first [...]

By: re: The Auditors » Blog Archive » How Satyam Supported PwC’s Schizophrenic Strategy To Reenter The Systems Integration Business

Tue, 26 May 2009 14:08:08 +0000

[...] The PCAOB inspected several Indian firms and their clients in the Spring of 2008. Per reports by the FT, PwC and Satyam were included in this list. PwC’s leadership would have known well in advance [...]

By: Anonymous

Anonymous — Thu, 22 Jan 2009 04:50:00 +0000

We will soon see that the truth is the confirms were fake, and they came straight from the bank. Anyone who’s been to India can understand how bank officials could be bribed into such acts. The place is ass backwards and as much as they have advanced in the past 10-15 years it is still a far cry from anything but a third world country.

By: Anonymous

Anonymous — Sun, 18 Jan 2009 18:59:00 +0000

Offshoring the confirmation process does not seem like that big of a deal to me (relatively speaking, the whole outsourcing of American jobs is another issue). All of the big 4 are offshoring (as are many of their clients)and this seems like a low risk area to send to India. If properly supervised and controlled, this does not seem to add much risk. Its when firms start shipping the non-routine stuff that the risk gets added.

By: Anonymous

Anonymous — Sat, 17 Jan 2009 04:29:00 +0000

As an employee of PwC I can tell you they are offshoring the confirmation process- I know I am on a pilot team doing it!

By: More pain

More pain — Tue, 13 Jan 2009 20:42:00 +0000

I 'm hearing of ongoing layoffs in Deloitte & EY.