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Tip of the iceberg? PwC has a long history of controversies in IndiaPwC and its related entities in India have for long been in controversies. Here is a list of major controversies the firm has faced.- Big scam in the making? Ex-CFO accuses PwC of cooking books, evading tax and flouting lawsFormer CFO Sarvesh Mathur revealed that PwC intimidated, cheated and tarnished his name when he refused to help cover up the white-collar c...
- Fund inflow in audit companies like PwC and Lovelock & Lewes against FDI normsThe infow of funds into auditing firms like PW and Lovelock & Lewes (LL) is in itself a violation of the country’s FDI rules.
- PwC India dressed up books to show profitsSerious violations of accounting principles as well as major financial irregularities have been detected in several entities of Pricewaterh...
- PW Bangalore availed of $60 million insurance without paying single penny in premiumPW Bangalore utilized over 95% of a $60 mn cover to meet post-fraud litigation expenses & damages without paying a single rupee towards pre...
- Government to probe PwC India's sundry inflowsThe government said it had taken note of the large amounts of ‘sundry income’ in the accounts of several Indian entities of PwC entities.
- ICAI to probe fund inflows into PwC India’s armsICAI said it will look into reports of money inflows into several Pricewaterhouse-Coopers (PwC) India entities, including the group's audit...
- PwC's 200 crore unexplained inflows help avoid lossesSeveral PricewaterhouseCoopers India entities would have ended 2010-11 with losses had it not been for large amounts of “sundry income” rec...
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