INDIA’S ACCOUNTING AND AUDITING PROFESSION FACES SHAKE-UP AFTER SATYAM SCANDAL
January 1st, 2009
BY RAGHAVENDRA VERMA
"AUDITS are going to become far more stringent [in India] and people will run away from the profession", Amarjeet Chopra, Chairman of Accounting Standards' Board of Institute of Chartered Accountants of India (ICAI) has predicted on the light of the Satyam Computer Systems scandal. He expressed his deep anguish over the arrest of two PricewaterhouseCoopers (PwC) auditors, and that too at a time when investigations had just started and some of the key officials of the beleaguered computing company were still roaming free.
Mukesh ...
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