The Woolf Report, nomination of the ICC vice-president, managing the volume of Twenty20 cricket, schedule of events from 2015 to 2023, are some of the issues that the ICC Executive Board will discuss when it meets in Dubai on Sunday.
About 41 per cent of chief executive officers (CEO) in India have cancelled or delayed a key strategic initiative because of skills shortage, an annual global CEO survey by PricewaterhouseCoopers (PwC) states.
Of the 10 accused in the case, B Suryanarayana Raju, who is Raju's brother, and T Srinivas, a former auditor of PricewaterhouseCoopers, had been granted bail by different courts earlier.
The possibility of converting the 2013 Champions Trophy to a Test Championship and its Presidential nomination and election process will top the agenda when the ICC's Executive Board holds its fourth and final meeting of the year.
At the same time, the confidence level of the CEOs is relatively better when it comes to the prospects for revenue growth in their own companies, as per the 15th Annual CEO
Lord Harry Woolf, a former Chief Justice of England and Wales, has been named chairman of the ICC's Independent Governance Review Committee that will draw up a new strategic plan for 2011-2015, which includes looking into the controversial election process of its president.
The former Satyam employees, who were granted bail, were its former internal chief auditor V S Prabhakar Gupta besides executives G Ramakrishna, D Venkatpathi Raju and Ch Srisailam. The fifth accused, who got the bail, is PWC's former auditor Subramani Gopalakrishnan.
Sources close to the development said that as of now, the court has advised the company to wait for the judgment of a similar case that is pending before Andhra Pradesh high court.
Tapping opportunities in this growing industry, major players are expanding their business and raising funds through the public market or private equity route.
According to a survey by PricewaterhouseCoopers, titled, US Private Company Trendsetter Barometer, 51 per cent of US private companies with an international presence plan to do business in BRIC countries in the next one to two years.
Protiviti Inc, one of the world's largest independent business and risk consulting firms, specialises in internal audit, estimated to be a Rs 1,35,000-crore (Rs 1.35 trillion) business globally.
PricewaterhouseCoopers surveyed 1,201 chief executives in 69 countries.
The big four global accountancy firms -- PricewaterhouseCoopers, KPMG, Ernst & Young and Deloitte -- are circumventing laws to provide auditing services in the country, says a report of an Institute of Chartered Accountants of India's committee.
According to a Pricewaterhouse Coopers Report titled 'India Pharma Inc: Capitalising on India's Growth Potential', leading pharmaceutical companies in the country have increased their sales forces by around 50 per cent in 2010.
Former Chief Financial Officer Vadlamani Srinivas has also filed a bail plea in the court.
GM will join a very short list of S&P 500 companies, including Hershey Co and American Water Works Co, with women serving as CEO and CFO.
The litigation relates to the 2009 accounting fraud at Satyam Computer.
Banking assets of emerging nations are likely to overtake that of G7 economies by the year 2050, with India likely to emerge as the third largest domestic banking market in the world in the next three decades, says PricewaterhouseCoopers.
But the PwC report also added that India would not be able to bridge the gaps in infrastructure by 2030 even after spending heavily in transport and logistics.
Venture capital investments grew at a rapid pace across the US in the April-June quarter of 2011, surging by 19 per cent to $7.5 billion, says a new report.
Institute of Chartered Accountants of India has sought broad-ranging information about the association of its member institutions with foreign auditing firms.The move assumes significance following the accountancy fraud by the promoters of Satyam Computers that brought the role of auditors under scrutiny. The auditors concerned were associate firms of international auditing entity PricewaterHouseCoopers.
China and India's advantages such as lower costs and greater market opportunity outweigh the higher risk compared with the more established and mature regulatory regimes of Australia, Japan and Singapore.
After being market leaders for a long time, outsourcing firms in India and North America are now faced with increasing competition from new entrants amid rising demand for services globally, a survey says.
According to the study, Measuring Human Capital: Driving Business Results, organisations in India pay an average remuneration of Rs 4.8 lakh and earn Rs 6 lakh of profit per employee, which makes the human capital return ratio on investment to 1.79 for organisations in the country.
In connection with the multi-billion dollar Satyam scam, the US auditing watchdog has barred from public practice two Indian auditors associated with the IT firm's former auditor PriceWaterhouseCoopers.
Both corporate and individuals are liable to pay advance tax. But this liability arises only if the taxable income is Rs 10,000 after tax deducted at source.
According to an annual review of M&As in the global power sector by PricewaterhouseCoopers, the total deal value in the power and gas utilities sectors (excluding renewables) is up 19 per cent year-on-year from $98 billion in 2009 to $116 billion in 2010. The number of deals also went up to 670 in 2010 from 596.
The form, introduced by the Central Board of Direct Taxes in April, is supposed to make filing tax returns easier.
The survey by PricewaterhouseCoopers and Duke University's Offshoring Research Network stated that the outsourcing industry is transforming due to the emergence of new providers around the world and efforts of existing outsourcers to expand into new markets.
More than 90 per cent of the affected investors at Lehman Brothers International Europe are in support of the plan to return the assets.
A PricewaterhouseCoopers (PwC) report says the gaming industry he helped found in the former Portuguese colony and ruled for 40 years before the Chinese broke up his monopoly in 2001 will double its size, already twice that of Las Vegas, in the next four years.
India may overtake China as the largest source of new MNCs from the emerging markets, with over 2,200 domestic firms forecast to open overseas operations over the next 15 years, says a PricewaterhouseCoopers report.
The study suggested tax rebates for high-end technology companies that set up research and development centres in India.
However, a bench comprising Chief Justice K G Balakrishnan and Justice Deepak Verma permitted Gopalkrishnan, then working as a partner of the global accounting firm, to renew his bail application over delay by probe agency CBI in filing the third chargesheet. Following it, the court permitted Subramani Gopalkrishnan's to withdraw his bail petition.
India will join the league of top 10 global pharmaceuticals markets in terms of sales by 2020 with the total value reaching USD 50 billion by then, according to a report by PricewaterhouseCoopers.
PricewaterhouseCoopers' Global Economic Crime Survey '09 highlighted that corporate fraud remained rampant among organisations of all sizes, in all countries and industries despite increased regulatory actions and anti-fraud controls to prevent it.
To mitigate the impact of the economic slowdown on their businesses, a majority of Indian firms have implemented significant cost reductions and are reviewing their operational effectiveness, a PwC survey says.
A new PwC report, '2010 Internal Audit State of the Productivity of the Profession Survey', said about 48 per cent of Indian companies lack skill and knowledge of data tools used in internal audit softwares, while 18 per cent have no access to these tools.
Price Waterhouse, an Indian arm of the global consultancy firm PricewaterhouseCoopers, whose partners got embroiled in the Satyam accounting fraud, failed to get a reprieve from the stock market regulator, the Securities and Exchanges Board of India.
The global chairman, Dennis M Nally of Satyam, the auditor for the scam-tainted company, says that with the lessons learnt and a small number of clients lost, their focus is to harness quality clients and talent.
