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Business Tit-Bits: PwC Negligent, Not Fraudulent


In a major setback to Sebi, SAT Monday overturned the markets regulator’s order banning Price Waterhouse Coopers from auditing any listed company for two years for its role in the Satyam scam. SAT said, only the national auditors watchdog ICAI can take any action against its members and fraud cannot be proved on the basis of negligence in auditing. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava deep dives into the topic. #PwC #SEBI #SatyamScam

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