 "States' issuance of discom bonds has also worried the FPI, and they see it as a potential stress")
Amid instances of frauds at companies, chartered accountants are facing the “most heat today” as strong auditing and accounting standards are in place, said a senior government official.
The remarks of Corporate Affairs Secretary Injeti Srinivas also come at a time when the role of auditors has come under scanner for alleged violations, including in the IL&FS case.
“When all the corporate frauds and crises came one after the other, we ran after chartered accountants. I think they are facing the most heat today... the statutory auditors,” he said.
“They are facing the most heat. Why? (Because of) very strong
