Audit firm Deloitte India has opted out of the work on restatement of Satyam accounts, perhaps in antici-pation of getting auditing assignment for Mahindra Satyam. Deloitte has been looking into Satyam books of past seven years, along with KPMG since January, after the scam broke out.
Mahindra Satyam is yet to appoint a statutory audi-tor. A Satyam spokesperson in Hyderabad said that no auditor had been appointed, “because it has to be done by the shareholders at the AGM.” At the same time, moves are afoot to merge Tech Mahindra and Mahin-dra Satyam.
Tuesday, June 30, 2009
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