I apologise as this is slightly off topic and irrelevant now, but I just read on the financial times Indian regulator bars Price Waterhouse from auditing listed firms for 2 years... India’s securities regulator said PwC failed to spot a $1.7bn fraud at an IT company. @xmanrocks I thought PwC were really good because they audited lots of mining companies? (and therefore that it was really bad they resigned from auditing Bathurst...)
Pretty big move from regulators to band one of the big four for a couple years... Brand name no doubt tarnished big time. Maybe not a bad thing they are gone!
Ann: Appointment of New Auditor, page-54
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