Price Waterhouse & Co. Bangalore LLP and 9 other PW firms
Penalties and directions recorded
- PW brand CA firms barred 2 years from issuing audit/compliance certificates for listed companies/SEBI intermediaries
- S. Gopalakrishnan and Srinivas Talluri barred 3 years from issuing audit/compliance certificates for listed companies
- Gopalakrishnan, Talluri and PW Bangalore to jointly/severally disgorge wrongful gains with 12% interest from 7 Jan 2009
- Listed companies and SEBI intermediaries barred 2 years from engaging PW network firms for statutory certificates
- PW brand CA firms shall not issue audit/compliance certificates for listed cos/intermediaries for 2 years
SAT-appeal
- Statutory auditors allegedly connived/negligent in certifying falsified Satyam accounts with inflated bank/FD balances, revenues, debtors and interest as true and fair.PW brand CA firms barred 2 years from issuing audit/compliance certificates for listed companies/SEBI intermediaries · S. Gopalakrishnan and Srinivas Talluri barred 3 years from issuing audit/compliance certificates for listed companies
- Statutory auditors of Satyam (SCSL) allegedly connived / grossly negligent over 8 years, certifying false inflated financials without verification, aiding fraud under PFUTP.PW brand CA firms shall not issue audit/compliance certificates for listed cos/intermediaries for 2 years · S. Gopalakrishnan and Srinivas Talluri shall not issue audit/compliance certificates for listed cos for 3 yearsAppeal: Appeal Nos. 6, 7, 190 and 191 of 2018 decided 09.09.2019 (reserved 04.04.2019) against common WTM order
Source: SecMarx — Price Waterhouse & Co. Bangalore LLP and 9 other PW firms. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.