Thursday, May 15, 2014

Satyam Scam: CA Institute removes PWC Partners for Life

The CA Institute, which regulates the audit profession, has removed three people found guilty of professional misconduct in the Satyam Computer Services scam from its membership list for life. The three are S. Gopalakrishnan, Srinivas Talluri & V. Srinivasu. Both Gopalakrishnan and Talluri were signing partners from Pricewaterhouse, which had conducted the statutory audit of the company. Srinivasu was a Senior Vice-President and Director in Satyam Computers. Prabhakar Gupta,who was in charge of internal audit at Satyam Computer Services has already been removed from the CA Institute's member list, albeit for a different reason.

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