The Institute of Chartered Accountants of
India (ICAI) disciplinary board has found Satyam chief financial
officer Vadlamani Srinivas and former PwC partner Talluri Srinivas
guilty of professional misconduct.
ICAI president G Ramaswamy said Vadlamani
Srinivas, in his role as CFO, did not conduct proper due diligence
and Talluri Srinivas was guilty for not complying with professional
The institute’s final report has now been sent
to the men, who will be given the opportunity to respond at a
tribunal hearing in the next couple of days.
In December, the ICAI handed down former audit
managers C Ravindranath and P Sivaprasad a lifetime ban and fines
of NR500,000 ($9,706).