The PW India network houses 10 firms, including Price Waterhouse, Price Waterhouse Coopers, Dalal and Shah, and Lovelock and Lewes. “PW India has announced that it will not provide non-audit services to their audit clients. “There should be a blanket prohibition on auditors from providing non-audit services to their audit clients. According to data compiled by NSE Infobase, in 2019-20, as many as 903 audit firms audited 1,813 listed companies. There are only 15 audit firms which audit 10 or more listed companies.

Source: Mint February 13, 2020 13:16 UTC