Upgrad LLM

pwc - auditorship

Student

 

Companies where PWC is acting as auditor

Company Name
Date
 Auditor Name

Century Enka Ltd.
  Mar 2008  
Price Waterhouse & Co.

Chemplast Sanmar Ltd.
  Mar 2008  
Price Waterhouse & Co.

Colgate-Palmolive (India) Ltd.
  Mar 2008  
Price Waterhouse & Co.

Coromandel Fertilisers Ltd.
  Mar 2008  
Price Waterhouse & Co.

Cummins India Ltd.
  Mar 2008  
Price Waterhouse & Co.

Entertainment Network (India) Ltd.
  Mar 2008  
Price Waterhouse & Co.

G M R Infrastructure Ltd.
  Mar 2008  
Price Waterhouse & Co.

Gateway Distriparks Ltd.
  Mar 2008  
Price Waterhouse & Co.

Glenmark Pharmaceuticals Ltd.
  Mar 2008  
Price Waterhouse & Co.

Gokaldas Exports Ltd.
  Mar 2008  
Price Waterhouse & Co.

Graphite India Ltd.
  Mar 2008  
Price Waterhouse & Co.

Hikal Ltd.
  Mar 2008  
Price Waterhouse & Co.

Info Edge (India) Ltd.
  Mar 2008  
Price Waterhouse & Co.

Infotech Enterprises Ltd.
  Mar 2008  
Price Waterhouse & Co.

Ingersoll-Rand (India) Ltd.
  Mar 2008  
Price Waterhouse & Co.

Jagran Prakashan Ltd.
  Mar 2008  
Price Waterhouse & Co.

Kesoram Industries Ltd.
  Mar 2008  
Price Waterhouse & Co.

Lanco Infratech Ltd.
  Mar 2008  
Price Waterhouse & Co.

Marico Ltd.
  Mar 2008  
Price Waterhouse & Co.

Maruti Suzuki India Ltd.
  Mar 2008  
Price Waterhouse & Co.

Max India Ltd.
  Mar 2008  
Price Waterhouse & Co.

Mcleod Russel India Ltd.
  Mar 2008  
Price Waterhouse & Co.

Moser Baer India Ltd.
  Mar 2008  
Price Waterhouse & Co.

Motherson Sumi Systems Ltd.
  Mar 2008  
Price Waterhouse & Co.

N I I T Ltd.
  Mar 2008  
Price Waterhouse & Co.

New Delhi Television Ltd.
  Mar 2008  
Price Waterhouse & Co.

P V P Ventures Ltd.
  Mar 2008  
Price Waterhouse & Co.

Reliance Infrastructure Ltd.
  Mar 2008  
Price Waterhouse & Co.

Reliance Power Ltd.
  Mar 2008  
Price Waterhouse & Co.

Religare Enterprises Ltd.
  Mar 2008  
Price Waterhouse & Co.

Saregama India Ltd.
  Mar 2008  
Price Waterhouse & Co.

Satyam Computer Services Ltd.
  Mar 2008  
Price Waterhouse & Co.

Simplex Infrastructures Ltd.
  Mar 2008  
Price Waterhouse & Co.

Swaraj Mazda Ltd.
  Mar 2008  
Price Waterhouse & Co.

T V Today Network Ltd.
  Mar 2008  
Price Waterhouse & Co.

Usha Martin Ltd.
  Mar 2008  
Price Waterhouse & Co.

Welspun India Ltd.
  Mar 2008  
Price Waterhouse & Co.

Wyeth Ltd.
  Mar 2008  
Price Waterhouse & Co.

Zensar Technologies Ltd.
  Mar 2008  
Price Waterhouse & Co.

United Spirits Ltd.
  Mar 2007  
Price Waterhouse & Co.

H C L Infosystems Ltd.
  Jun 2008  
Price Waterhouse & Co.

H C L Technologies Ltd.
  Jun 2008  
Price Waterhouse & Co.

Mastek Ltd.
  Jun 2008  
Price Waterhouse & Co.

- Sameer Bhatia

 
Reply   
 
Assistant Legal Advisor

YOU STATE THAT 'NDTV' ALSO A CLIENT TO PWC.


BUT IN THE ASPECT OF SATYAM SCAM   NDTV SHOWED HER BRAVE IN PROVIDING INFORMATION AND SAYING THAT PWC IS NOT WORKING UNDER STRICT GUIDELINES OF ICAI AND OTHER REGULATORY AUTHORITIES.


SO THE REFLECTION AND DISCLOSURES MADE BY NDTV IS UNDER SUSPECTABLE CONDITIONS I THINK.


FRIEND CAN YOU GIVE US ANY CLARIFICATIONS IN THIS REGARD


 

 
Reply   
 


Student

My dear friend Sekhar, An auditor's liability is restricted to the extent of expressing an opinion upon financial statements, an auditor cannot go beyond the powers expressly conferred upon the so. The information put forth by me is to be construed in General Context and not for the purpose of determining WHICH COMPANIES ARE GETTING THEIR ACCOUNTS AUDITED BY PWC - AND WHAT OPINION DO THEY CARRY. Their is certainly no doubt that auditors should be held liable for such GROSS negligence which cannot be justified in any mode WHATSO EVER  (provided their guilt is established) for the time being it is just an allegation and still investiagtions are on my friend.

MY FRIEND ONE CANNOT BE SAID TO NEGLIGENT IN PERFORMANCE OF HIS DUTIES UNTIL & UNLESS THE GUILT IS PROVED BEYOND ANY REASONABLE DOUBT.  

CRORES OF WHICH 5000 CRORES WAS FICTITIOUS CASH & BANK DEPOSITS, AT THE SAME TIME ROLE OF OTHER KEY PERSONALS CANNOT BE RULED OUT DEAR.


FURTHER IT IS CASE OF SATYAM COMPUTER SERVICES LIMITED WHICH HAS BEEN EXPOSED AND IT CAME INTO LIMELIGHT, WHAT ABOUT THOSE WHICH ARE WORKING ON THE SAME LINE AND R NOT YET PUT TO PUBLIC DOMAIN ...DO U HAVE ANY JUSTIFICATION FOR THE SAME ?


 


 


 


 

 
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Dear Friend,


I heard tht Ernst and Young are their Internal Auditors.But I found no mention of any name in the Annual Report. Similary almost all the fees for audit functions were paid to PRICE WATER HOUSE. Kindly let me know who are their internal auditors and why no one is even talking about. The duty of checking the cash and bank balances is more on the internal auditors . That does no absolve the statutory auditors.RAJAMANICKKAM FCA


 


 


 


 


 


 

 
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