PricewaterhouseCoopers India (PwC)
has suffered an exodus of about 200 staff in the past two months,
including 19 partners and tax leader Dinesh Kanabar, as the Satyam
Computer Services fraud inflicts further damage.

It is believed the PwC employees left as a
result of reputational damage caused by the scandal as well as a
recent change in several key leadership positions. The other Big
Four firms are said to have benefitted from the defections.

PwC is one of the largest firms in India, with
more than 6,500 professional staff. A spokesperson has claimed the
attrition rate at the firm was an “industry norm”.

In a separate development, former PwC partner
Srinivas Talluri, who left the firm following allegations of his
involvement in the scandal that led to him being imprisoned, this
week received bail of INR2 million ($43,331) from Supreme Court
judge Chief Justice K G Balakrishnan.

 

Related articles


ICAI plans fresh action against PW Delhi


Satyam could lead to audit firm registration reform