Satyam Scam - your take

Auditors are resposible for whole the scam.

Mrs. Aisha (pardon if the prefix is incorrect),

I think its too early to draw conclusions as to who all are involved in this multi crore scam. As you yourself posted what ICAI officially said, one should not get carried away and make hasty judgements and conclusions from the prima facie facts. This is a matter that will surely go through multi point investigations. The fact that whether the Statutory Auditors are liable or not can be ascertained only once there is any conclusive evidence to that effect. Talking of any action against the auditors is for now too early. Lets see how things turn out to be in the coming days.

It is an exposed  live wire of poor corporate governance and the attitude of the regulators and its safeguarders....It is the investors who suffer in this vogue....This issue must be dealt with strickly and corrective measures taken.

Hello friends,

       I think it is high time the institute of chartered accountants of india should come out with more stringent norms of professional ethics for members while discharging their auditing & attestation functions. Considerging the gravity of the case there is no denial of involvement of the auditors in manipulating balance sheets .

 Action needs to be taken to safeguard the intrest of chartered accountancy profesion

Why this type of events happen only to PWC clients ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Auditors must be punished .................urgent need to change the law

WE SHOULD WAIT AND WATCH BEFORE MAKING ANY COMMENTS AGAINST OR IN SUPPORT OF AUDITORS BECASUE THE MATTER IS VERY SENSIBLE - AND FURTHER LOT OF SATYAMS ARE LINE- SO PLEASE -

WAIT AND WATCH

it is really big question on audited statements of Satyam as chairman has declared that this is nt recent fraud, this is running frm past few years..

can such a big fraud be ommited in any audit??..time to take strict actions by ICAI,company affairs ministry & other bodies bcoz there is vry big loss to be borne by shareholder due to misconducts..

just wait & watch what results will come??????????

PWC has been earlier allegedly involved in the Global Trust Bank controversy. And now its the turn of Satyam Computer Services Ltd. And IT CLAIMS TO BE A MNC & PART OF THE BIG4.

It is high time the ICAI  looked into the issue and sets things right.

IT IS HIGH TIME WE CALLED A SPADE AS A SPADE.

BIGGEST ACCOUNTING SCAM

It Hurt india's image in the world. wait for while some Similar Scam errupt in indian Company

 INSPITE OF BEING BLACK-LISTED EARLIER, PWC HAS BEEN IN THE LINE OF FIRE YET AGAIN.

WHAT IS THE ICAI DOING?

BIGGEST ACCOUNTING SCAME OF THE INDIAN ACCOUNTING HISTORY

wat will b stake of auditors i(pwc)n satyam do they should also b held responsible for the fraud