Satyam Fraud -Indian Enron -and preventing future Fraud

Jan 7, 2009 by Sam

Well no one can say that there was some small time auditing firm that got fooled. It just goes to prove the point which I really feel has not been addressed by all the various accounting frauds and alleged solutions. The chain is only as strong as the weakest link. Or in this case obviously manufactured bank statements or similar. when will we learn ? There is a potential solution but it would actually decrease fees to lawyers, accounting firms and auditing firm over the long run…