Now a days there is a big hue and cry against big 4 audit firms that they are not allowed to practice in India as per WTO terms but they are doing audit under surrogated firm's name. Still there is a demand for the experience got from these firms in the market. So such experience based on the brand can be fabricated (like Satyam's case). Can the big 4 take legal action on this fabricated experience certificate in the name of foreign firms?
I dont think that Big 4 do have any problems as now a days the companies have offices in various countries and they need auditors who have a global expertise so i think that no action would be taken or else the companies will have to bear the extra cost and even now government is plannning to implement IFRS.
no comments
BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
View Details
Triveni Turbine Limited
Bengaluru
CA
View Details
CAclubindia
