The whole fraud never from a single persons mind. both auditor and mr. Raju and involved in this issue. proper investigation should be taken so that the involved auditor would be penalised and the blame should not go to the whole chartard accountant firm in india.
A company's affairs is not a one man show.... how come none of the Board was aware of the fact for past few years?? how do the auditor's signed their report??
I think institute should give more authorities to CA's and make them an important part of the management.....so that if there is any chance of fraud then he can know about it....and with that he should be held accountable as well.....and options should be converted into compulstion or not
Do correct me if i am wrong.
| Originally posted by :CA. Gurdeep Singh Chawala | ||
| " | Corporate governance, Accounting standards, IFRS, GAAP etc are meant only for exams, seminars, job interviews, cpe hours... and not to be followed in practice. Your comments please? |
" |
Sir, as if it is not possible to implement what we learn in books in practicle life but there should be an reasonable independence and the professional should think before commiting any thing whether it affect our profession or totally. A big criminal can caught with small negligible mistake.
Shaswat initial support private limited
Ahmedabad
CS
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Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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