Tag: SAM
Infosys hired PwC to investigate Whistle-blower Complaints
Bengaluru-based IT company, Infosys has hired PricewaterhouseCoopers (PwC) which is one of the most prominent auditing firm and part of Big 4 to look after the alleged financial discrepancies and malpractices allegations made by the Whistleblowers.
The company has already hired Shardul Amarchand Mangaldas (SAM), Tier-1 law firm to look after the legal side of the complaint of the Whistleblowers. Additionally, companies’ internal auditor Ernest & Young (Big 4) will also review its revenue recognition practices.
The decision to take PwC on board was to have an investigation which will be independent of SAM and E&Y so that the companies has a fresh set of people who can look into the matter.