Tag Archives for India
Outsource internal audit for greater objectivity
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 … Continue reading
Internal audit at Satyam
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 … Continue reading
Economist claims accountant obsolescence
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 … Continue reading