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PWC FRAUD
PwC finds accounting lapses in IndusInd treasury operationsA confidential PwC review of IndusInd Bank's treasury operations revealed significant accounting irregularities. Manual entries were used t...- 59% of Indian companies suffered financial fraud in 24 monthsA new survey reveals that 59% of Indian companies faced economic fraud in the last two years, a significant increase from previous years. P...
- 57% of all fraud incidents in India are platform frauds: PwC IndiaPlatform fraud is a novel form of economic crime that involves fraudulent activities associated with social media, ecommerce, enterprise an...
- 'New fraud' incidents reported by over 95% of Indian companies surveyed by PwCThe abrupt shift to digital in Covid's wake exposed companies to a set of new risks linked to digital security, employee safety and disinfo...
- 45% of Indian firms report cybercrime frauds, rank second after customer frauds: studyAmong the organisations that encountered fraud in the last two years, 12% experienced ESG reporting fraud, 9% experienced anti-embargo frau...
- PwC to MCA: Resigned from Reliance companies as didn’t get satisfactory responses to queriesPwC has not gone into the specifics but merely hinted that there were certain transactions involving the group companies. “We did not recei...
- PwC resigned as Reliance auditor suspecting fraud and threat of legal action: firm tells MCAPWC said it noted certain transactions if not resolved satisfactorily could be significant in the financial statements.
- PwC ropes in Gaganpreet Puri to head anti-fraud services unitPuri was till recently managing director for Singapore at NYSE-listed Navigant consulting.
- Ricoh India to hold EGM on August 5Over 250 minority shareholders have got together and demanded for an EGM of Ricoh India. It is the first time that minority shareholders in...
- PwC sets up a forensic centre of excellence in HyderabadAs investigating corporate frauds become big opportunity for consultancies PwC said it has set up a centre of excellence (CoE) for forensic...
- Don't blame auditors alone for frauds: PwCAsserting that good corporate governance is a collective responsibility, PwC has said auditors alone should not be blamed for corporate fra...
- India Inc more tolerant to economic crimes than global peers: Pricewaterhouse-CoopersThe number of companies reporting economic crimes in India in the last 12 months stood at only 24%, compared to 34% globally, according to ...
- India Inc more tolerant to economic crimes than global peers: PriceWaterhouseCoopersIndia Inc seems to be more tolerant to economic crimes such as bribery and corruption than its global peers, global consulting firm PwC sai...
- Satyam fraud hit brand, not biz: PwCBranding yes, but business no. That's how PwC global chairman Dennis Nally sees the impact of the Satyam fraud on the Indian operations of ...
- PwC reels under Satyam crisis, faces mass exitIt could be one of the largest exoduses of people from a professional services firm within a relatively short period of time. Promotion at ...
- Madoff victims to sue PwC for bns of pounds: ReportWorld's largest accounting firm, PricewaterhouseCoopers, is being sued for bns of pounds over its role as an auditor to one of the feeder f...
- PwC names Gautam Banerjee on advisory board to improve audit workPricewaterhouseCoopers has named senior partner Gautam Banerjee as its representative on the five member advisory board that is being forme...
- On account of Satyam, global team to review PwC’s India auditPwC plans to bring in partners from its international affiliates to do an independent audit of its clients in India, besides what is being ...
- PwC auditors held for Satyam fraudIn an incident first of its kind in India, partners of the auditing firm PwC were arrested for their alleged role in the Satyam scandal.
- Two PwC officials arrestedThe Andhra Pradesh state police on Saturday arrested two auditors of PricewaterhouseCoopers, Talluri Srinivas and S Gopalakrishnan, on char...
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