• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy
• Books

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

The Big Four accounting firms are known for their lax auditing in the US and Europe and have been fined too many times by various authorities to keep count of.

It does not matter whether they are in the US or elsewhere. What matters are their professional qualities and attitude.

Maybe we should have rotation of audit firms every three years and stricter overseeing by the CAG and similar watchdogs, as is done PSUs.

It may work, as we have not come across any major accounting scandals in the PSUs.

Santhana Krishnan e-mail

More Stories on : Letters | Auditing | Corporate Governance

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2009, 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