Thursday, January 8, 2009

SATYAM BECOMES MITHYAM--PWC KA KYA HOGA

SATYAM ---now is the epitome of mithyam-----PWC is in line of fire .
However i do feel that although moral responsibility lies with PWC --the individual responsibility may not be easy to prove both for partners or employees if they can prove that they carried out the audit process in A due AND dilligent manner ---this could have been averted if there was a on time real time audit ---every transaction being checked ---however audit firms do not do so --instead rely of samples ---except say for clients such as Tata steel or tata motors ---debtors being inflated ---no audit firm sends statement to each and every client ---so such a thing is pssible .

yes morally PWC is responsible but professionally they may escape .