Financial Daily from THE HINDU group of publications
Tuesday, Oct 11, 2005
Financial Daily from THE HINDU group of publications Tuesday, Oct 11, 2005 |
|
|
|
|
|
|
|
Opinion
-
Letters Audit systems
Mr S. Gurumurthy, auditor and convenor, Swadeshi Jagran Manch has countered the statement by the Union Finance Minister on the state of Indian audit and corporate governance ("Indian audit system is pathetic: Chidambaram," Business Line, October 10). There is some truth to both views. For one, the presence of the Big 4 audit firms did not prevent accounting scams — Worldcom, Tyco, Enron — from happening in the US. On the other hand, what about us? No audit firm in India has wound up because of a scam nor have there been cases of CEOs ending up behind bars. But this doesn't mean that CEOs and auditors are incapable of wrongdoing. N. K. Raveendran Bangalore
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
