WHY AUDITEE HAS THE POWER TO APPOINT AUDITORS- SATYAM SCAM

Sir i am fully setisfied with your opinion.

If such change will be made in the system than the degree of independence ( which is a fundamental of audit ) can be increased at very higher level and this kind of frauds can be prevented.

gud question ......if it  impliments then it will change whole picture of CA profession

It is better to get the balance sheet attested by a notary public instead of a reputed CA firm. Because CAs will not accept the responsibility and shows the desclaimer statements they made in their Audit Report. 

 IF CA'S ARE NOT RESPOSIBLE THE WHY CA -WHY ICAI INSTITUTE AND WHY WE HERE-

We are only glorified accountants to attest the balance sheet and prepare the audit report as per the format and as per the direction given by the management. Where is the independance? Management says, if you don't give the report as per our direction, we will change the auditor.

If all auditors will be united –then from where management will find - the dancing auditor—it is weakness of our profession.

Attesting of balance sheets by notary public??

we all know how do they attest papers