That’s the recom­men­dation from the Institute of Chartered Accoun­tants of India (ICAI), as reported by The India Express: “In the high-powered committee report on Satyam scam, we have proposed that internal audit should be outsourced and not be in house so that there is more indepen­dence. If the auditor is from the organ­i­sation, it is […]

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New charges in the Satyam scandal were laid by India’s Central Bureau of Inves­ti­gation, for “creating fake invoices to inflate revenues by US$94 million and forging company board resolu­tions to obtain unautho­rised loans worth US$265 million” according to this story in Accoun­tancy Age. This comes after charges were laid on November 21 against the former […]

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I have been on vacation for the last half of this month, and that along with Christmas has resulted in much less activity on this blog than is normally seen. Additionally, I have been immersed in a great book on the Enron scandal, titled “The Smartest Guys In the Room: The Amazing Rise and Scandalous […]

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By now, the verdict in the BDO Seidman lawsuit has been covered by all the major industry blogs. All the heavy­weights have regis­tered their opinions in this great swirling mass known as the blogos­phere. The mainstream media has tossed it around this way and that. There is near unanimity amongst all commenters: Sucks to be them. […]

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Small Is Essential At 37signals, a company with just eight employees whose Web-based collab­o­ration software is used by thousands of small businesses, there isn’t time to sit around a conference room sipping latte and decon­structing memos. Come to think of it, there isn’t even a company conference room. There are just a couple of cubicles, […]

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