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Satyam accounting fraud: NSE mulls removal of audit firm Price Waterhouse

Exchange likely to take up the matter in its upcoming board meeting on Feb 2

Price Waterhouse
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Price Waterhouse

Shrimi Choudhary Mumbai
The National Stock Exchange (NSE) is likely to seek removal of auditor Price Waterhouse (PW) at its upcoming board meeting.

The move comes after market regulator Securities and Exchange Board of India (Sebi) imposed a two-year ban on PW for alleged involvement in the Satyam accounting fraud case.
The country's largest stock exchange had appointed PW as its currently statutory auditor of the exchange for a period of five years starting September 2016.
Sebi's ban on PW is applicable on all listed companies and also on intermediaries registered under it.
"The exchange will propose a resolution for changing its auditor at its

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