audit failure

ICAI reports on Satyam have nothing new apart from repeating charges made by the CBI

A report prepared by India's apex accounting body that is investigating the role of the auditors in the fraud at Satyam Computer Services Ltd doesn't shed any new light on the subject and, apart from repeating charges made by the Central Bureau of Investigation, India's federal investigative agency, suggests generic measures to improve the audit process in companies.
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