The minutes of Satyam's audit committee meeting, held on October 17, revealed today that a representative of the statutory auditor Price Waterhouse told the committee that "no significant risks and exposures have been noticed during our audit of the financial statements
and as represented by the management for the quarter and six months ended September 30, 2008..."
The auditor also noted that "there have been no disagreements with management," and their audit "is designed to obtain reasonable assurance that the financial statements are fairly stated."
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