Wednesday, June 24, 2009

Deloitte Does Its Indian Practice a Favor, KPMG Not So Much

Citing conflict of interest, global accounting firm Deloitte has opted out of its assignment to restate Satyam s account, according to sources who spoke with UTVi's Arun Giri.
Satyam had awarded the work to two firms namely Deloitte and KPMG. Deloitte audits Mahindra and Mahindra accounts, and hence the conflict of interest.
KPMG will however continue with the restatement work, which is likely to take another four to six months.
Enjoy Radio Station India, you're flying solo.

Deloitte Opts Out of Satyam Assignment
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