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PwC's global chairman-designate to meet India advisory board
June, 23rd 2009

Chairman-designate of consulting firm PwC International Dennis M Nally will meet members of an advisory board constituted by the Indian arm of the firm to refurbish its image following involvement of two of its partners in the Satyam accounting fraud.

"Besides meeting clients and staff in Mumbai and Delhi, he (Nally) will be meeting the members of the new PwC India Advisory Board," the auditing firm said in a statement.

Nally, who was recently elected chairman of the PricewaterhouseCoopers International Network for a four-year term, will take over as the head of the global auditing from July 1. He will be in India till June 24.

Following the Satyam scam, the PwC India set up an advisory board under the chairmanship of former Cabinet Secretary Naresh Chandra to advise the organisations on ways to meet the expectations of its external stakeholders.

The other members of the advisory panel include former Comptroller and Auditor V K Shanglu, former Chief Election Commissioner B B Tandon and senior partner of PwC's Singapore arm Gautam Banerjee.

PwC's two partners S Gopalakrishnan and Srinivas Tulluri were involved in auditing of the books of accounts of Satyam Computer Services. India's auditing regulator ICAI has already initiated disciplinary proceedings against them.

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