Now That They’ve Put the Biggest Fraud in India’s History Behind Them, PwC Thinks an Independent Audit Regulator Might Be a Good Idea

PwC India Chairman Deepak Kapoor is in Davos and must be engaging in some real brain busters. I mean, what savvy political mind could have passed along this little suggestion?

"[W]e need to move with the times. A number of large countries such as the US and even some smaller ones like Sri Lanka have independent regulator for auditors. "But India has not got one. Here also it is a case of India's image being hit abroad as people might say that you don't even have an independent regulator for auditors", he said.

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