TWO INCIDENTS in a fortnight have taken further wind out of the sails of Pricewaterhouse Coopers India (PwC). The first was market regulator Securities and Exchange Board of India (SEBI) getting the Bombay High Court’s nod to probe allegations of irregularities against PwC auditors in the Satyam scam. And the second, reports that there could be a fresh exodus from the audit firm after Dinesh Kanabar, former head of PwC’s tax practice, left in 2009 with 19 partners and around 180 professionals to join KPMG India.
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