Making auditors accountable

The role of auditors has come under significant scrutiny in recent years with the emergence of high-profile corporate frauds. The auditors are expected to protect the interests of stakeholders of the companies they audit. To plug the gaps, the Ministry of Corporate Affairs has put out a consultation paper, inviting suggestions on enhancing the independence and accountability of auditors. While the paper talks about a number of issues, some of the possible interventions can significantly affect the auditing business. One of the proposals is to prohibit non-audit services to audit clients .....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.