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Indian police search offices of Satyam's auditor
Indian police on Tuesday searched the offices of PricewaterhouseCoopers, the auditors of the troubled outsourcing giant Satyam Computers, whose founder last week admitted to doctoring the company's accounts for years, an official said.Satyam's balance sheets were riddled with 'fictitious' assets and 'non existent' cash and contained a $1 billion gap that could no longer be concealed after a deal intended to save the struggling company was abandoned, the company's founder and former chairman B. Ramalinga Raju admitted in a letter to the company's board.
Economic Woes Spur Rush To File Taxes
The sluggish economy has many people thinking about filing their tax returns early this year so they can get their refund sooner.
Leamington automotive firm AP Driveline Technologies goes into administration
Leamington automotive supplier AP Driveline Technologies has gone into administration.
Govt of India orders probe into Satyam scam
NEW DELHI, INDIA: The Government of India on Tuesday ordered probe into the Satyam scandal by the Serious Fraud Investigation Office .
H&R Block foresees flat tax season
H&R Block Inc. said Tuesday that the slumping economy will likely reduce the number of new tax returns filed this year, ratcheting up competition between the company and its rivals for market share.
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