satyam's fraud progress

PWC is an international audit firm. It follows international best practices to do the audit. It appoints only brilliant staff for conducting the audit. Also it obtains all the statements, documents and papers from the audittee and finally gives the audit report as per ICAI's format including the phrase that "these financial statements are the responsibility of the company's management". So PWC is not wrong. The people with jealous mind are blaming the audit firm. Please stop this attrocity.

 Senior partners at PwC went into a huddle on Wednesday and remained incommunicado for most part of the day. Late in the day, the firm sent a terse statement: “We have learnt of the disclosure made by the chairman of Satyam Computer Services (Ramalinga Raju) and are currently examining the contents of the statement. We are not commenting further on this subject due to issues of client confidentiality.”