Georgie

Satyam Shakeout - Barron's

I can't agree more with Andyn. What was PriceWaterhouse doing ?
Was PriceWaterhouse in on the corruption or just plain incompetent ? Who are the other clients of PWC ?

Corruption is pretty rampant in India and I think this may be just the begining.

Satyam Has Muted Impact on Indian Equities ... So Far

"It remains to be seen what sort of long-term fallout the Satyam fraud will have on Indian equities, but so far the reaction has to be considered a relatively muted one"

Lack of faith in auditors leads me to wonder if this is just the begining. Will be interesting to find which other companies employs PWC as auditors.