Comments on: Worlds Apart But Two Of A Kind: Glitnir, Satyam And Their Auditor PwC

By: re: The Auditors » Blog Archive » Being Expedient: PwC Settles Satyam U.S. Class Action

Wed, 08 Jun 2011 18:59:22 +0000

[...] No Bite, December 17, 2009 Roopen Roy, Deloitte India, On Audit Firm Mergers, January 21, 2010 Worlds Apart But Two of a Kind: Glitnir, Satyam, and Their Auditor PwC, May 17, 2010 PwC “Restructures” Indian Consulting Practice: Will It Be Enough To [...]

By: re: The Auditors » Blog Archive » Not Over Until It’s Over: Price Waterhouse India Settles Satyam

Mon, 11 Apr 2011 05:24:02 +0000

[...] potential for sudden conflagrations in developing countries that keeps the global audit firms - PwC in this case - up at night. The legal quagmires in developed countries are messy, [...]

By: Satyam Settles; PwC Left In Lurch - Francine McKenna - Accounting Watchdog - Forbes

Mon, 07 Mar 2011 23:54:20 +0000

[...] started in January 2009 with Raju’s confession, PwC global leaders have visited numerous times, claimed to be victims themselves, made several appeals to the Indian media including trying to squelch my reports, set up an [...]

By: Is Any Other Audit Firm Vulnerable Besides Ernst & Young? - Francine McKenna - Accounting Watchdog - Forbes

Thu, 23 Dec 2010 18:23:10 +0000

[...] significant Madoff feeder fund litigation, as well as four crisis-era international fraud cases, Satyam, Glitnir, Yukos, and Landsbanki. And they’re still fighting litigation from AIG shareholders from [...]

By: Is PwC Conspiring To Evade Liability For Frauds In Iceland and India? - Francine McKenna - Accounting Watchdog - Forbes

Tue, 14 Dec 2010 17:45:07 +0000

[...] for the Satyam audit were thrown in jail, PwC global leaders visited India numerous times, claimed to be victims themselves, made several appeals to the Indian media including trying to squelch my reports, set up an [...]

By: re: The Auditors » Blog Archive » Yukos Slicks Accuse PricewaterhouseCoopers Of Succumbing To Kremlin Pressure

Fri, 10 Sep 2010 15:21:42 +0000

[...] the global audit firms, and PwC in this case, it’s the potential for and the reality of sudden conflagrations in a developing countries [...]

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

Tue, 03 Aug 2010 19:58:40 +0000

[...] in a New York Court. A recent Supreme Court decision regarding “f-cubed” cases may also impact the kinds of plaintiffs who can file claims in US courts when the company, any of its investors and the exchange where transactions occurred reside outside [...]

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

Mon, 19 Jul 2010 18:06:43 +0000

By: anonymous

anonymous — Sat, 29 May 2010 18:27:22 +0000

Aren’t we going to get a whole slew of new compliance regulation?

In greece prior to the euro, the economy and the currency would collapse, vacations there got cheap, tourism picked up, revenues were raised, everyone got paid, banks & currency came back. An odd cycle but apparently it worked. Is it becoming the same with the Big Four? Corrunption, market collapse, revenues decimated, massive layoffs, Feds to act decisively, new SOX laws, compliance deadlines to be met, audit staffing to meet the new workload, revenues (and bonus pools) are back. Record profits reported at major clients. CEO to resign suddenly for personal reasons, and on and on. Like they used to tell me: just shut up and go with the flow.

so, eom.

By: Independent Accountant

Independent Accountant — Sun, 23 May 2010 20:48:51 +0000

PCAOB? It is awaiting instructions from Goldman Sachs before it does anything with PWC. Consider, PWC audits Goldman and if PWC went down Goldman would need another firm. If Goldman wants to keep PWC, the PCAOB will do nothing. Laugh! Where’s the PCAOB? Hiding behind Waldo!