The collapse of Satyam Computers in 2009 cost shareholders more than US$2bn and rocked India's IT industry. PwC's Indian unit has been banned from auditing listed companies for two years ...

It had previously said its audit on Satyam was supported by “appropriate audit evidence” and complied with “applicable standards.” The role of PwC in the fraud has been under scrutiny since the ...

In January 2018, SEBI slapped a two-year ban and fine on PwC for failing to report the corporate malfeasance at Satyam Computer Services. When it comes to corporate governance, India has seen its ...