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 [...]
Tag: India ↓
Outsource internal audit for greater objectivity
July 12th, 2010 · No Comments
Category: Governance
Tags: audit committee, fraud, ICAI, India, internal audit, KPMG, Satyam
Internal audit at Satyam
December 9th, 2009 · No Comments
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 [...]
Category: Governance
Tags: Enron, fraud, India, internal audit, Satyam
Economist claims accountant obsolescence
May 10th, 2007 · 4 Comments
An esteemed Princeton economist has predicted that accountants, lawyers and other highly educated and highly paid workers in the developed world will be made obsolete in the near future by lower cost alternatives in the developing world. From the best accountants and lawyers to the smartest derivatives traders to teachers and lecturers, many of today’s [...]
Category: Profession
Tags: accountant, advisor, China, economist, India, knowledge, outsourcing
