Independent Directors, a dilemma! After the Statutory Auditors, it will now be a close call for the Independent Directors. To sit on a Board once in three months, review the accounts and processes, and financial health, as the custodians of the company, representing the various stakeholders, they use the Statutory Auditors and the Internal Auditors, as a […]
Ethics and the Auditor. The government has set a cat among our profession. Large CA firms have decided not to take on suspect listed companies for Statutory Audit, one firm having publicly announced it’s intent not to conduct non-attest work for companies where they are Statutory Auditors. Are we accepting that we were blindly signing the Balance […]
The battle between the statutory auditor, the shareholders, the governance and ethics committee, the government authorities and hefty fees, is a never-ending one. The government’s response of band-aiding the issue does not stop the puss from growing in the already infected relationship. The duty and responsibility of the statutory auditor is to report on the (a) going […]
