Driver Admits to Dozing Off In Crash That Killed PwC Senior Associate In India
The man who was driving three PwC employees to work in India on Jan. 9 told police he fell asleep right before the office pool car climbed a median divider and smashed into a lamp post, killing one of his passengers and injuring the other two. According to The Times of India, police have booked […]
PwC Senior Associate In India Killed, Two Colleagues Injured In Rollover Car Crash
Sad news to report out of India, as three PwC employees were injured, one fatally, in a rollover car accident Wednesday morning. The three men were passengers in an office pool car and were on their way to work at PwC’s office in Kolkata, West Bengal, when the vehicle suddenly swerved to the right and […]
Satyam Founder Sentenced to 6 Months in Prison for Massive, Obvious Fraud
Remember Satyam? That Satyam? Yeah, it's been awhile for us, too. Satyam's PwC India auditors already received a lifetime ban, but what about Satyam's founder? Surely you've been wondering what sort of slap on the wrist he'd get for one of the largest and most blatant frauds in history? Wonder no longer: A local court […]
Citizens of India Can Sit For the CPA Exam in the Middle East Starting October 1
It's certainly the next best thing to being able to sit for the exam in India: The American Institute of CPAs (AICPA), the National Association of State Boards of Accountancy (NASBA) and Prometric today announced that testing for the Uniform CPA Examination in the Middle East will be open to all qualified citizens and permanent […]
Ex-Employee Chronicles Grant Thornton’s Gutting of CCR After Acquisition
A few Accounting News Roundups ago, Colin linked to a story about Grant Thornton's new tax hub in Bangalore. In that article, GT CEO Stephen Chipman enthusiastically declared his own tax return is prepared by Indians in Bangalore, which is fine for him. What Colin didn't highlight was this quote, in which Chipman declares hiring […]
The Tax Man Drumeth
With the sound of the drums echoing off the walls of the surrounding buildings, it feels as if it could be an impromptu street performance – but it's not. This is tax collecting Bangalore-style. Fed up with companies refusing to pay their tax bills, the city has gone one better than merely sending out reminder letters. Instead it […]
Any Tax Professionals at Grant Thornton Interested in Going to India?
Because of recent events, you may have thought that not much was in the works at Grant Thornton. Well, you'd be wrong. Stephen Chipman runs a tight fish and chip house so while you've all been distracted by pests, tattoos, and buttering up the POTUS, SC and his team have been planning your next dynamic […]
Now That They’ve Put the Biggest Fraud in India’s History Behind Them, PwC Thinks an Independent Audit Regulator Might Be a Good Idea
PwC India Chairman Deepak Kapoor is in Davos and must be engaging in some real brain busters. I mean, what savvy political mind could have passed along this little suggestion? "[W]e need to move with the times. A number of large countries such as the US and even some smaller ones like Sri Lanka have […]
PwC Is the Real Victim in This Whole Satyam Suing the Crap Out of Everyone Situation, Says PwC
The Indian Enron fuckshow otherwise known as Satyam has seemingly been in our lives since before Adrienne had tattoos. Even after settlements, new auditors, and delayed restatement after delayed restatement, one might think that we had heard the last of this godforsaken money pit. Nope! Indian software outsourcer Mahindra Satyam on Monday said it had filed […]
What If 20 Percent of Audit Work Was Performed Offshore?
You may have heard that accounting firms – primarily Big 4 firms – have been slowly transitioning work to countries like India and Sri Lanka. This particular topic of discussion typically results in a heated/subtly racist conversations about “foreigners taking American jobs” which eventually evolves into a more overtly racist conversation, not unlike what happens on some Deloitte forums.