Satyam Crisis Triggers Mass Exodus at PwC

by CFO Innovation Staff, 04 February 2010

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Human Capital Management Management

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audit fraud fraud Pricewaterhousecoopers Satyam Computer Services Ltd.

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PricewaterhouseCoopers (PwC) continues to grapple with the collateral damage arising out of its alleged involvement in the fraud at Satyam Computer Services as it faces a mass exodus of employees.

According to India's Economic Times, about 200 employees of the audit and consulting firm have left and have joined rival firms such as KPMG, Ernst & Young and Deloitte. The exits are across all levels in the professional services firm and began after investigators probing the Satyam fraud filed a supplementary chargesheet that named two PwC partners for their alleged involvement.

The newspaper says PwC has been discouraging those left behind from leaving by offering attractive bonuses and larger professional roles.

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PwC reels under Satyam crisis, faces mass exit

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CFO Innovation Staff

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PwC reels under Satyam crisis, faces mass exit

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