My dear friend Sekhar, An auditor's liability is restricted to the extent of expressing an opinion upon financial statements, an auditor cannot go beyond the powers expressly conferred upon the so. The information put forth by me is to be construed in General Context and not for the purpose of determining WHICH COMPANIES ARE GETTING THEIR ACCOUNTS AUDITED BY PWC - AND WHAT OPINION DO THEY CARRY. Their is certainly no doubt that auditors should be held liable for such GROSS negligence which cannot be justified in any mode WHATSO EVER (provided their guilt is established) for the time being it is just an allegation and still investiagtions are on my friend.
MY FRIEND ONE CANNOT BE SAID TO NEGLIGENT IN PERFORMANCE OF HIS DUTIES UNTIL & UNLESS THE GUILT IS PROVED BEYOND ANY REASONABLE DOUBT.
Y DONT U GIVE CONSIDERATION TO THE BANKERS OF SATYAM COMPUTER SERVICES LIMITED WHO ISSUED CERTIFICATES TESTIFYING THAT THE COMPANY OWNED FUND BY VIRTUES OF CASH DEPOSITS EXCEEDING 5300
CRORES OF WHICH 5000 CRORES WAS FICTITIOUS CASH & BANK DEPOSITS, AT THE SAME TIME ROLE OF OTHER KEY PERSONALS CANNOT BE RULED OUT DEAR.
FURTHER IT IS CASE OF SATYAM COMPUTER SERVICES LIMITED WHICH HAS BEEN EXPOSED AND IT CAME INTO LIMELIGHT, WHAT ABOUT THOSE WHICH ARE WORKING ON THE SAME LINE AND R NOT YET PUT TO PUBLIC DOMAIN ...DO U HAVE ANY JUSTIFICATION FOR THE SAME ?