PricewaterhouseCoopers, auditors of Satyam for over eight years, has informed the scam-ridden IT firm's new board that its audit of the company's financials could be 'inaccurate and unreliable' in view of the financial irregularities disclosed by Ramalinga Raju.

Noting that it has been auditing Satyam Computer since the quarter ended June 2000 till September 2008; PricewaterhouseCoopers said that all those financial statements were prepared by the management. It further said that it relied "on management controls over financial reporting, and the information and explanations provided by the management, as also the verbal and written representations made to us during the course of our audits."