Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARD :: empanelment :: list of goods taxed at 4% :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: ACCOUNTING STANDARDS
 
 
News Headlines »
 Income Tax Department expands list of deposits, transactions under scrutiny
  Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962
 Master Directions on Access Criteria for Payment Systems
 RBI-Scheduled Bank's Statement of Position in India as on Friday, January 06, 2017 (Revised)
 3 Big Mistakes To Avoid This Tax Season
 The Top 5 Tax Stories Of 2017
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns

A profile of S Gopalakrishnan
February, 21st 2009

A common perception in the chartered accountant community of Hyderabad is that S Gopalakrishnan, partner
PricewaterhouseCoopers, wears the PwC brand on his sleeve in a manner that is not to the liking of most. The man who signed the now infamous Satyam balance sheets till last year is the one behind making PwC what it is today in Hyderabad, say his contemporaries and rivals. They say he knows how to bag clients in his "aggressive'' manner. PwC was Satyam's auditor and ever since Ramalinga Raju's confession to his "inflated balance sheet'' fraud, questions have been raised regarding the auditing firm's involvement in orchestrating such a huge scam in connivance with the Satyam management.

Two names that figure in the balance sheets of Satyam are those of Srinivas Talluri and S Gopalakrishnan, who have audited Raju's fudged accounts. PwC has claimed that auditing standards have been maintained. Talluri started signing the Satyam accounts since 2007.

Though PwC is asserting that it did not do anything wrong, city-based chartered accountants are crying foul. They ask why Gopalakrishnan hasn't quit from ICAI's council, despite his alleged involvement in the Satyam scam.

When PwC made an entry into India, it was through the local auditing firm Lovelock & Lewes where Gopalakrishnan was holding a senior position in the firm's Hyderabad branch. With Lovelock & Lewes becoming PwC India, Gopalakrishnan became the face of PwC in Hyderabad, with some describing him as more of an entrepreneur than an auditor. "He now was with a big brand and knew it was easier to get more business,'' says the head of a city-based auditing firm.

While his rivals in other auditing firms say that PwC's business in Hyderabad runs because of Gopalakrishnan, who is due for retirement next year, they wonder whether in his search for business he became pliable. Srinivas Talluri, who was with PwC in the 1990s left the firm to join Ernst & Young only to rejoin PwC later. His recent appointment with the global auditing firm is less than two years old. He is known in the industry as down to earth and simple. "Talluri is unfortunate to be caught in this mess,'' said a CA.

Gopalakrishnan is known as "hardworking business guy'' who is essentially "revenue-driven'' and focuses entirely on "growing business'' in Hyderabad. But over the last two years, it has been another partner at PwC, Ramakrishna, who is handling operations. "Ramakrishna and Talluri were being groomed to take on the mantle. It's a lost chance now,'' says partner with an audit firm.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions