Satyam Case: SEBI bans PwC entities from issuing audit certificates for listed entities for 2 years

Last updated: 11 January 2018

Finding PwC guilty in the 9-year-oldSatyam scam, SEBI has banned PwC and its network entities from issuing audit certificates to any listed company in India for two years. This is said to be one of the most stringent orders passed by any regulator against a Big Four auditor. SEBI has also ordered the disgorgement of over Rs. 13 crores of wrongful gains from the auditing firm and its two erstwhile partners who worked on the IT companys accounts. The order has been passed under the Preven
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Attached File : 40_16523_sebi_pwc_satyam.pdf


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