This is an old problem. Recall Satyam. KFA could not have been diverting large sums of money and getting away with it for so long if the auditors had been diligent and straight. Independent directors one does not expect much from, but statutory auditors cannot get away lightly for their transgressions.
This is an old problem. Recall Satyam. KFA could not have been diverting large sums of money and getting away with it for so long if the auditors had been diligent and straight. Independent directors one does not expect much from, but statutory auditors cannot get away lightly for their transgressions.