His extensive experience includes previous executive positions at Oracle, Taleo, PeopleSoft and Price Waterhouse.
Price Waterhouse Coopers said the trust "lacked transparency" in its reporting of the scale of cash problems.
"It'll certainly benefit China's reform process, " says Kevin Zhang, Beijing manager for the accounting firm Price Waterhouse.
He also accuses City accountancy firm PricewaterhouseCoopers - formerly Price Waterhouse - of negligence in managing his affairs.
An overdue enforcement action against Price Waterhouse India over Satyam was finalized.
Even staid accountants have caught the entrepreneurial buzz: the annual staff turnover rate at Price Waterhouse's local software-services group is 25%.
In 2007, Price Waterhouse Coopers noted a counter intuitive relationship between profitability and sales revenue for publicly-traded fuel cell companies.
FORBES: FuelCell Energy Finds Scale in South Korea, Profitability Too?
There is now an enquiry by the head of Price Waterhouse Cooper.
Price Waterhouse consists of a federal structure of devolved groups of partners.
Such unbridled commercialism may not go down too well at Price Waterhouse.
As a matter of fact if you have heard of only one CPA firm, PWC (formerly known as Price Waterhouse) is probably it.
In Bath and Gloucestershire, accountants Price Waterhouse are to be asked to set a rate, and in Durham, a court ruling is expected.
One partner at Andersen Worldwide reckons that the new deal will need agreement from half a dozen different big partnerships in Price Waterhouse.
Another reason why the previous attempted merger between Arthur Andersen and Price Waterhouse came to nothing was the difference between their management structures.
The two firms argue that they are a perfect fit: for instance, Coopers is strong in telecoms, Price Waterhouse in media and entertainment.
The report submitted by Lazards to London Underground's board strongly criticises Price Waterhouse's various proposals for splitting operations and track as over-complex and risky.
May became Price Waterhouse firm leader 1910 and won the contract in 1935 for guarding the Academy Awards votes after some raised concerns about the honesty of the process.
FORBES: PwC Ensures Oscar? Ballot Integrity In 'Partnership' With Everyone Counts, Inc.
That is one reason why, over the past decade, Andersen, which used to be roughly the same size as both Coopers and Price Waterhouse, has pulled ahead of both.
Auditors Price Waterhouse Coopers will look at information supplied to the Ministry of Justice (MoJ) by the two companies during the tendering process and the department's management of the contract.
BBC: Serco and G4S face billing probe over electronic tagging
Price Waterhouse aims to add hundreds of experts to its Japanese branch to handle a growing consulting practice in computer systems integration, mergers and acquisitions, project finance and international taxation.
In fact, Price Waterhouse Coopers, in their Global Entertainment and Media Outlook report, projects that e-books will make up 50 percent of the U.S. trade book market by 2016.
FORBES: Is It A Book Or An App? Digital Publishing Combines The Two In A New Medium
Shortly after the election, Mr Prescott commissioned Price Waterhouse, an accounting firm, to come up with proposals which would allow the underground to attract private investment while retaining overall public control.
Some in the industry say that one reason for the failure of an attempted merger between Arthur Andersen and Price Waterhouse eight years ago was Andersen's disdainful view that a lot of Price Waterhouse's senior partners were dead wood.
On the heels of a settlement of SEC and PCAOB charges against Price Waterhouse India for the Satyam scandal in May of 2011, PwC US announced the appointment of a former SEC and PCAOB official, a lawyer, to their newly created Regulatory Relations Group.
FORBES: PCAOB Auditor Identification Proposal Signals Slow But Steady Reform
Settlements with Price Waterhouse (PW) India, the US-registered audit firm of PricewaterhouseCoopers (PwC), and Satyam, the Indian outsourcing company that blew up in a dramatically public and fraudulent fashion in early 2009, will probably provide significant ammunition to private lawsuits still pending in New York and court hearings in India.
FORBES: Price Waterhouse India Settles With Regulators But Satyam Saga Not Over
Last month, only six months after the offering, Price-waterhouse resigned, leaving Specialty Foods without an auditor and prompting the price of its income trust's units to slide 15% below the offering price.
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