SEBI’s order against Price Waterhouse firms/partners

SEBI passed an order on 10th January 2018 against CA firms practicing under the brand/banner of Price Waterhouse and two of its partners. The Order debars them from issuing, for two years, audit certificates of listed companies, compliance certificates under specific securities laws of listed companies & SEBI registered intermediaries, etc. It has also required the auditor firm, jointly with the two specified partners, to disgorge the audit fees of Rs. 13.09 crores with interest. I have written a short piece in Firstpost on some broad aspects/implications of this order.