Price Waterhouse clients to work on looking for alternative after Sebi ban

Companies to discuss new auditors at next board meetings

Indian companies are working on appointing new auditors in their next board meetings to replace auditing firm Price Waterhouse (PW), which has been banned by market regulator the Securities and Exchange Board of India (Sebi) for two years, from April this year, for its role in the Satyam scam. 

The firm’s chairman in India, Shyamal Mukherjee, meanwhile, wrote to all clients on Thursday, re-iterating that it would appeal against the decision and expects a positive outcome. 

PW’s clients said they would wait for the next few weeks as the auditing firm would complete the audit till March 2018 and, at