1. Satyam Company was audited by PricewaterhouseCoopers (PwC). The company was convicted of accounting fraud, and the...
Question:
1. Satyam Company was audited by PricewaterhouseCoopers (PwC). The company was convicted of accounting fraud, and the auditors were punished for not uncovering the fraud (Abrams, 2018).
2. PwC appealed the ruling, stating that it had no knowledge of the fraud (Abrams, 2018).
You have recently been hired by PwC. As part of your employment, you may be required to work outside of the United States. Because you may be working in other countries, you have been asked to review this article " India Bans PricewaterhouseCoopers from Auditing Listed Firm for Two Years; The punishment, for a failure to detect Satyam's billion-dollar fraud, serves as a warning to those too close to clients".by Corinne Abrams posted on the Wall Street Journal you report on whether you agree or disagree with PwC. Support your opinion with documentation from Satyam case and information from three credible sources.