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You may be aware that in January 2018, Securities and Exchange Board of India (SEBI) came out with its order in the nine year old Satyam case, imposing a restriction on all PW Audit firms undertaking statutory audit and other related certification work for listed companies and market intermediaries registered with SEBI for a period of two years, including imposition of a financial penalty. Following this, PW audit firms appealed against this order in the Securities and Appellate Tribunal (SAT) last year.
I am happy to share with you that the SAT bench has today decided favourably on PW firms’ appeal on merits against the SEBI order. This means that PW firms can now continue auditing listed clients and market intermediaries without any interruption as well as take on new clients.
I would like to take this opportunity to thank all of you for your continued support.
At PwC, we are driven by our people, our employees whose dedication and commitment sets us apart today and those who have over the years built a foundation on which we stand today – our alumni. We welcome you to join this family of thousands of alumni, stay connected with the firm and with one another, share your success stories and memories, strengthen your network and make meaningful relationships.
Our Alumni networking dinners are very popular and well attended. Here are some glimpses from our recent dinners.
Marketing and Communications, PwC India
Tel: +91 124 4620 707