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Disclosure is shocking, say other auditors

Auditors and lawyers today criticised the role of Satyam Computer auditor Price Waterhouse for its failure in detecting the fudged accounts of India’s fourth-biggest software maker and demanded a thorough inquiry. Price Waterhouse was also among the auditors of the failed Global Trust Bank. "I am shocked, it is just incredible,’’ said Shailesh Haribhakti, managing partner of accounting firm Haribhakti & Co. "We need a coordinated investigation to bring the truth out.’’ Satyam Founder and Chairman Ramalinga Raju today admitted to falsifying earnings ...