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KPMG, Deloitte to assist in Satyam audit

January 14, 2009
The newly-named three-member board of Satyam Computer has appointed auditing firms KPMG and Deloitte to assist it in clearing the mess in the scam-tainted company's accounts.

"We have decided to appoint Deloitte and KPMG to assist the board in the restatement of financial statements of Satyam," Satyam board member C Achuthan told PTI on Wednesday.

Both accounting firms have been asked to 'restate' the accounts of India's fourth largest IT company, 'as quickly as possible', Achuthan said.

The two firms, however, cannot be termed as auditors of Satyam as the appointment of an auditor can be done only after securing the company's shareholders' consent.

Text: PTI

Image: A KPMG office in New York. | Photograph: Rediff Archives

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