PWC's Thomas Mathew Steps Down

Thomas Mathew, assurance leader at former Satyam auditor, PriceWaterhouseCoopers has announced that he will step down from this role with immediate effect.

A PwC statement said that Mathew had no connection with the audit of Satyam.  In light of the present situation, however, he believes it would be appropriate for him to relinquish his management position. He will remain a PW partner, but the company will appoint a new assurance leader in the near future.

Meanwhile, the company yesterday suspended auditors S. Gopalkrishnan and Srinivas Talluri, as PwC partners till the investigation into the Satyam scam is completed.

The two had been arrested on Friday by the Andhra Pradesh CID in connection with the Satyam scam. In a statement to the media, PWC said that two will not be a part of any client matters and will not undertake any activities on behalf of PWC.

PWC has said that it will continue to evaluate the situation as the investigations proceed.

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