Yesterday I posted on the Satyam fraud - Satyam is an Indian outsourcing company. Pricewaterhouse Coopers is Satyam’s auditor. And because PwC missed the $1 billion elephant in the room, they might have a problem:
PwC said it was examining [Chairman and CEO] Raju’s statement but could not comment further due to confidentiality issues.
The fraud could cause problems for PwC. Since Satyam was listed in the US, investors can turn to the courts there for recompense, and there are legal precedents for holding auditors accountable.
I love the smell of litigation in the morning.
Does anybody else get the feeling that we really are headed for a Great Depression?
Posted by: mandt | January 09, 2009 at 09:07 AM
Where do you get off, you sick little twist? Sexual? I'm not sexual with them. I'm not abusive with them, how dare you write that in your paper without knowing nothing about me, biting's not sex, it's biting! I'm not sick like that. Maybe I should come bite you, would you like that, scotty? I bet you would like that, I am right? You write about me like I'm sick. You're the sick one, you know that? Is that why you like me, scotty? Is that why? I could come bite you; you tell me how sexual it is. You humiliate me like that? You mortify me like that in front of my father? My father's father? Listen to me, smack daddy, crack daddy, little baby whack daddy, here's what's happening. You ain't never going to find them anymore. You aint never gonna see them no more. I'm sending you something right now, You take a good look at this guy, because you ain't ver going to see him no more.
Posted by: Sophocles | January 09, 2009 at 12:42 PM
Sophocles
Wow. Not only the wrong blog, apparently, but a definite candidate for the FBI's case files.
Posted by: Dr. Know | January 09, 2009 at 11:38 PM