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PwC Indian ban
19 January 2018
PwC’s Indian unit has been banned from auditing listed companies for two years.
The ban, by the Indian Market Regulator, surrounds PwC’s audit of Satyam Computers, where earnings and assets were inflated for many years. The collapse of Satyam Computers in 2009 cost shareholders more than $2bn.
PwC has said it will appeal the decision, although the ban is die to come into effect on 31 March.
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