Post the goof up by PwC in failing to identify the cooking up of Satyam’s books, during their audits, new audit firms have been assigned for caarrying out the audit of Satyam Computer Services.

Deloitte Haskins & Sells and KPMG, both part of the Big Four accounting firms, have been appointed as joint statutory auditors for Satyam Computer Services.

The newly-constituted three member board of Satyam had earlier said that it would appoint new joint auditors to audit the accounts of Satyam, following the software company’s former chairman B Ramalinga Raju’s admission of having forged the books over the past seven years.

When contacted, both Deloitte and KPMG declined to comment on the issue. Sources in the Institute of Chartered Accountants of India, the apex body for accountants in the country, had earlier said that the new board had been wanting to appoint firms from the Big Four - Price Waterhouse, the earlier auditor of Satyam is also part of the Big Four - as the new auditor. Ernst & Young is the other firm in the four member premier league of global accounting firms.

The move to consider KPMG and Deloitte for Satyam, is likely to raise queries as accounting circles have been pressing the need to appoint a high ranking Indian accounting firm as joint auditor for the beleagured software company.

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