I have to give you kudos for your questions regarding PWC letter to the board of Satyam Computers.

When performing such engagements dont they advocate a yearly review of their approach, I mean thats one of the Major IT Companies. “Routines are for dance floors and Gymnastics” not for Auditing such companies.

I dont percieve any innovation in their approach.

I absolutely agree with your questions..

Julian

You are doing an excellent job. These questions, if answered, will defenitely help few as follows:

1. PWC – This would help them to claim themselves clean and unaware of this inflation
2. Shareholders – Will help them to understand what exactly happened and whether PWC India was part of it
3. ICAI – TO take necessary action on PWC, if found guilty. Will help to regularise the auditing procedures further more
4. SEBI – Will help to guage the exact effort taken and people actually involved in this fiasco

Thanks for the post.

Superb article. You must be an investigative auditor, your questions speak for you. Your questions were the ones, people are wanting but unable to ask.