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Statutory Auditor cooking books of accounts for company.

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Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2011 Dear Friends,

Statutory auditor of one of the companies has joined hands with directors of company to cook up books of accounts. Audit report is being prepared on manipulated books of accounts.Bank's and customer's lot of money (in crores)is being put at stake.
we talk about integrity, independence,corruption free society and what not.But it hurts me when few people for the sake of money maling the name of profession.
what should be done from my end.Should i just mind my own work and donot interfer or should i do something about it.

Kumar Babu.G

Kumar Babu.G (Expert)

13 June 2011 You just mind your work yaar.It is all happening in all states of India and across majority of companies.Don't take risk.Just don't interfere in those type of audits.But you have spirit of proceeding against such type of mal doings.Good keep it up.

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