ICAI to serve showcause notice on PwC on Friday or Saturday

NEW DELHI: Chartered accountants' apex institute ICAI will serve showcause notice on PricewaterHouseCoopers (PWC) by tomorrow and ask for a report on the auditing done by it for Satyam Computer in a fortnight.

Meanwhile, company secretaries' body ICSI is also writing to the company secretary of Satyam Computer today to submit a report on corporate governance in a week.

"Our disciplinary committee will serve a show-cause notice to PwC either today or tomorrow and will ask them to submit a report within 15 days on all the auditing done by them on Satyam Computer's accounts," ICAI President Ved Jain told PTI here.

ICSI President Keyoor Bakshi said the government had earlier asked the institute to look into the revelations made by Satyam Computer's founder President Ramalinga Raju.