More on SEBI’s Order in the Price Waterhouse Case

[Posted by Umakanth Varottil]

In an earlier post, Jayant Thakur had discussed the order of the Securities and Exchange Board of India (SEBI) passed against Price Waterhouse last week. In addition, readers may find the following two further pieces on the legalities of the SEBI order of relevance:

1. In a column titled “SEBI’s ban onPwC:Learnings for an auditor” in Bar & Bench, Kanwardeep Singh examines SEBI’s observations in as much as they provide some guidance to auditors as regards their duties and responsibilities; and
2. In a column titled “The Price Waterhouse Case: Determining Auditor Liability” in BloombergQuint, I discuss the evidentiary aspects involved in pinning liability on auditors from a regulatory perspective.