Satyam scam: Auditors in the line of fire
The Enron scandal of October 2001 had brought not only the management under scanner, faced with angry investors and prosecutors, but also its accounting firm Arthur Andersen. Now, with Satyam's chairman confessing to fraud, the spotlight turns on auditing firm PricewaterhouseCoopers that seems to have missed out huge craters in Satyam's books.
