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US bars two PwC auditors

Press Trust Of India  |  New York 

In connection with the multi- billion dollar Satyam scam, the US auditing watchdog has barred from public practice two Indian auditors associated with the IT firm's former auditor PricewaterhouseCoopers.

According to an order from the Public Company Accounting Oversight Board (PCAOB), the two Indians - Siva Prasad Pulavarthi and Chintapatla Ravindernath - have been barred from being associated with any registered public accounting firm.

PCAOB said in its order the auditors did not cooperate with its investigation into the fraud. The two held important positions like Engagement Manager and Client Relationship Managers for Satyam audit mandate to LoveLock & Lewes, which is one of the five members of PwC International Ltd network of firms in India.

First Published: Fri, March 19 2010. 01:15 IST