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.
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.
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.