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PwC to fight SEBI audit ban to limit franchise impact

Reuters  |  MUMBAI 

By Abhirup Roy and Devidutta TripathyMUMBAI (Reuters) - Price Waterhouse will contest a two-year auditing ban by Securities and Exchange Board of India (SEBI) over a fraud nearly a decade ago at a company it audited, but even if it succeeds in preventing the move Indian business experts expect damage to the auditor's business.The firm, which audited software services exporter Satyam Computer Services during the period in which the $1 billion fraud took place, said it was disappointed by SEBI's 108-page order on Wedensday.Satyam founder and former chairman Ramalinga Raju stunned Indian markets ...

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First Published: Thu, January 11 2018. 20:23 IST