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The Wall Street Journal
The Wall Street Journal
The Wall Street Journal
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The Wall Street JournalVerified account

@WSJ

Breaking news and features from the WSJ.

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Joined April 2007

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    The Wall Street Journal‏Verified account @WSJ Jan 11

    PwC punished for failing to detect billion-dollar fraud at outsourcing firm Satyam Computershttp://on.wsj.com/2qWXp0w 

    6:10 PM - 11 Jan 2018
    • 75 Retweets
    • 112 Likes
    • Prince Nii Lamptey Jose Rovira Wall Street Frauds Chuck Hawkins Kampongman Namra Anwar seshue Vivian Chu vdp
    12 replies 75 retweets 112 likes
      1. T Dawg‏ @tally_tz Jan 11
        Replying to @WSJ

        Time to focus on middle market segment.

        0 replies 0 retweets 1 like
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      1. RT‏ @rtoh Jan 11
        Replying to @WSJ

        When was the last time these auditing firms caught any major fraud? They are auditing their customers. It's all about billable hours and consulting services.

        0 replies 0 retweets 1 like
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      1. New conversation
      2. Colin‏ @morriscolin3 Jan 11
        Replying to @WSJ

        You know what organization doesn't completely screw up multi-million dollar deals??? #bitcoin #cryptocurrency

        1 reply 0 retweets 1 like
      3. 1 more reply
      1. Suhayl Abidi‏ @vucaman Jan 11
        Replying to @WSJ

        The most respected audit firms send only very junior auditors to do the work while senior partners wine and dine prospects and clients.

        0 replies 0 retweets 0 likes
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      1. Gil Garza‏ @ggzariv Jan 11
        Replying to @WSJ

        Ouch

        0 replies 0 retweets 0 likes
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      1. Dr Nartey Tetteh A‏ @nartey_dr Jan 11
        Replying to @WSJ

        Well if a well established an astute auditing firm like PwH can cause this serious mistakes then what will be the faith of "mushroom auditing firms" and which one should we rely on as credible ?

        0 replies 0 retweets 0 likes
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      1. tinku‏ @icannotlie Jan 11
        Replying to @WSJ

        This shud have been done many years before.this wud have deterred other reputed audit firms from compromising their audit standards in India.much water has already flown under.

        0 replies 0 retweets 0 likes
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