Letter to BS: The audited documents and reports must maintain quality

Keeping aside the auditing, if auditors go for investigations to unearth the criminal conspiracies, they will fail to report within specified time

This refers to “A raw deal for auditors" (June 28). Auditors’ report and comments have significant value to the investors, lenders, creditors of the business organisation, the regulators, taxmen and to the government. The frauds in banks and other business entities point that the authorities of those institutions exploited the vulnerabilities and intentionally committed fraud for monetary gains.
 
Albeit the system of inspection and oversight in vogue, fraud and embezzlement are not uncommon. It indicates that either the management failed to enforce supervision or colluded with the fraudsters. Keeping aside the auditing, if auditors go for investigations to unearth