How to Punish Auditors Behaving Badly

We expect auditors to do a thorough examination of work and processes: heaven help anyone who has failed to file correctly. But auditors of public companies often fall short of investor expectations—as do their punishments for failure.

So, a two-year ban on auditing listed companies seems remarkable. That is what PricewaterhouseCoopers got late Wednesday from Indian securities regulators, after a lengthy probe into Satyam Computer Services, whose chairman admitted to a wide-ranging fraud in 2009 and was jailed in 2015.

... Nguồn: www.wsj.com