Mayday, Mayday: Auditors on high alert
(WorldNews Politics)

The regulatory glare on auditors is increasing. The ripple effects are being felt across the Indian business ecosystem Mumbai: How many companies or their managements are still riding a tiger they can’t get off? That’s a question that should worry investors, and their reaction to auditor resignations in recent months shows that it does. To jog some memories, ‘riding a tiger’ is how B. Ramalinga Raju described his state when, as promoter and chairman of Satyam Computer Services Ltd, he confessed that the company’s books had been cooked for several years. An investigation by the Securities and Exchange Board of India (Sebi) reported Satyam’s cash and bank...